Wormhole Token Sees Over 53 Million Votes Cast

According to Odaily, Wormhole token has seen over 53.68 million votes cast in its proxy voting. The top three entities entrusted with voting rights are Blockworks Research, Wormhole Foundation co-founder Dan Reecer, and crypto KOL olimpio.eth. On June 6, Wormhole announced the launch of Stake For Governance, requiring W token holders to cross-chain their W tokens to EVM chain and 'stake' them for governance. In addition, as a safety feature of the Wormhole Guardian, the daily transfer limit of W tokens from Solana to EVM chain is set at 100 million.