Introducing WEN, the latest meme coin on the Solana blockchain that has taken the crypto world by storm. Following in the footsteps of popular tokens like BONK and Dogwifhat, WEN has captured the attention of investors after an airdrop for over a million wallets.
The airdrop was facilitated through the decentralized exchange aggregator Jupiter, as a large-scale test for its new launchpad. This successful airdrop has set the stage for Jupiter’s upcoming airdrop for its own token, JUP, which will be available to nearly a million eligible wallets.
What makes WEN even more impressive is its widespread distribution. More than a million Solana wallets, including active Jupiter users, NFT holders, and even Solana Saga smartphone owners, were eligible to claim the airdropped WEN tokens. Each wallet received 643,652 WEN, amounting to over $58 at the current price.
Since the airdrop, WEN’s price has soared by an astounding 483%. While there were reports of short-lived price spikes of up to $2,915, the current price has seen a significant drop. Nonetheless, the volatile nature of meme coins, combined with the history of Solana meme tokens experiencing incredible price surges, has generated excitement among WEN holders.
However, immediate price fluctuations are not uncommon after an airdrop, and this is especially true for meme coins. Some traders who bought WEN at inflated prices right after the drop have received playful criticism on Crypto Twitter for getting “rekt.” Nevertheless, the Solana network proved its resilience during the airdrop, handling the immense demand from nearly 118,000 wallets without any major disruptions.
While there were minor technical issues reported by the Phantom wallet, the team is determined to ensure a smooth airdrop for JUP next week. As the Solana ecosystem continues to evolve, WEN has become the latest sensation, capturing the attention of investors looking to participate in the exciting world of meme coins on the Solana blockchain.