Solana Memecoin WEN Up 33%, Flips SHIB’s Volume After Massive Airdrop
- WEN’s value hit $0.00014— a notable increase from its launch price.
- About 42.40% of eligible wallets have yet to claim the WEN airdrop.
- WEN might trade higher as the team plans to burn the unclaimed tokens.
WEN, a Solana-based meme coin has seen its value jump by 33.45% to $0.00014, according to data from CoinMarketCap. Like the price, WEN’s market cap had also risen to $141.73 million at press time, making the cryptocurrency one of the fastest-growing meme coins on Solana.
WEN took off a debut token for the Jupiter launchpad. For the uninformed, Jupiter is a decentralized exchange on Solana. In introducing the launchpad, the exchange airdropped 643,652, WEN tokens each to over a million Solana wallets.
WEN Surpasses SHIB’s Volume
When the token launched, the market cap was about $54.6 million. So, the recent increase suggested that while eligible wallets for the airdrop might have sold, others were buying them.
As a result of this high activity, WEN’s 24-hour trading volume flipped that of Shiba Inu (SHIB). According to SolanaFloor, WEN’s trading volume jumped to $115.08 mill…
The post Solana Memecoin WEN Up 33%, Flips SHIB’s Volume After Massive Airdrop appeared first on Coin Edition.
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Solana Memecoin WEN Up 33%, Flips SHIB’s Volume After Massive Airdrop
- WEN’s value hit $0.00014— a notable increase from its launch price.
- About 42.40% of eligible wallets have yet to claim the WEN airdrop.
- WEN might trade higher as the team plans to burn the unclaimed tokens.
WEN, a Solana-based meme coin has seen its value jump by 33.45% to $0.00014, according to data from CoinMarketCap. Like the price, WEN’s market cap had also risen to $141.73 million at press time, making the cryptocurrency one of the fastest-growing meme coins on Solana.
WEN took off a debut token for the Jupiter launchpad. For the uninformed, Jupiter is a decentralized exchange on Solana. In introducing the launchpad, the exchange airdropped 643,652, WEN tokens each to over a million Solana wallets.
WEN Surpasses SHIB’s Volume
When the token launched, the market cap was about $54.6 million. So, the recent increase suggested that while eligible wallets for the airdrop might have sold, others were buying them.
As a result of this high activity, WEN’s 24-hour trading volume flipped that of Shiba Inu (SHIB). According to SolanaFloor, WEN’s trading volume jumped to $115.08 mill…
The post Solana Memecoin WEN Up 33%, Flips SHIB’s Volume After Massive Airdrop appeared first on Coin Edition.
Read More