Pyth Network’s token launch hits $468m cap, airdrops to 90k wallets
Pyth Network’s token debuts with a $468 million market cap and an innovative airdrop to 90,000 wallets. Pricing oracle service Pyth Network today launched its cryptocurrency token PYTH, immediately gaining a substantial market presence. As of its first trading day, the token’s market capitalization was approximately $468 million, with its value initially set at around $0.53 per token, fluctuating to $0.34. Pyth Network issued an airdrop to about 90,000 wallet holders. These recipients are granted a 90-day window to claim their PYTH token s, playing a pivotal role in the network’s on-chain governance processes. Today marks the launch of the Pyth Network’s permissionless mainnet, ushering in a new era of token-led governance for the protocol. Ecosystem participants can actively engage in Pyth Governance by locking their $PYTH Tokens in the Pyth staking program to cast votes on community… pic.twitter.com/KNmwWptD3K — Pyth Network (@PythNetwork) November 20, ...