Wrapped tokens are representations of crypto assets that exist on a different blockchain. For example, a wrapped version of SOL (wSOL) can be used on Ethereum. These tokens are backed 1:1 by the original asset and allow for interoperability between blockchains.

If you received a wrapped token, you can swap out of it. The unwrapping process happens automatically during the swap.

Don’t send wrapped tokens to an exchange. Many exchanges don’t support wrapped tokens, which may lead to a loss of funds.

If you’re unsure, contact the exchange to confirm support. Or, swap the token back to its native form before sending it.