On June 9th, according to the tally page information, 53.68 million Wormhole tokens have been designated as voting proxies. Blockworks Research, Wormhole Foundation co-creation Dan Reecer and crypto KOL olimpio.eth were entrusted with the top three voting rights. On June 6, Wormhole announced the launch of Stake For Governance. W token holders need to cross the chain to the EVM chain and pledge their tokens to participate in governance. At the same time, as a security feature of Wormhole Guardian, the daily transfer of W tokens from Solana to the EVM chain is limited to 100 million.