- WEN’s worth hit $0.00014— a notable improve from its launch value.
- About 42.40% of eligible wallets have but to assert the WEN airdrop.
- WEN may commerce increased because the crew plans to burn the unclaimed tokens.
WEN, a Solana-based meme coin has seen its worth bounce by 33.45% to $0.00014, based on information from CoinMarketCap. Like the worth, WEN’s market cap had additionally risen to $141.73 million at press time, making the cryptocurrency one of many fastest-growing meme cash on Solana.
WEN took off a debut token for the Jupiter launchpad. For the uninformed, Jupiter is a decentralized trade on Solana. In introducing the launchpad, the trade airdropped 643,652, WEN tokens every to over 1,000,000 Solana wallets.
WEN Surpasses SHIB’s Quantity
When the token launched, the market cap was about $54.6 million. So, the latest improve instructed that whereas eligible wallets for the airdrop might need offered, others had been shopping for them.
Because of this excessive exercise, WEN’s 24-hour buying and selling quantity flipped that of Shiba Inu (SHIB). In line with SolanaFloor, WEN’s buying and selling quantity jumped to $115.08 million. SHIB, however, might solely boast of $88.60 million.
The WEN airdrop marks one in every of many rewards that Solana tasks have been giving to individuals. For example, there was Jito (JTO) airdrop a couple of months again. Earlier than that, Pyth Community (PYTH) was additionally distributed to its group.
As of this writing, Coin Version assessed Dune Analytics to verify what number of WEN tokens have been claimed. In line with the blockchain-query platform, 57.60% of the tokens have been claimed.
This represents a complete of 403.25 billion tokens. Nonetheless, 42.40% of the tokens stay unclaimed. At press time, the values of those tokens had been price $41.14 million.
The Token Burn Is Subsequent
If these tokens are unclaimed by the tip of January 29, the WEN crew plans to burn them. This is able to make the tokens inaccessible to the eligible addresses who failed to assert.
No matter the way it goes, the above information confirmed that there have been 322,716 WEN holders. A few of these holders weren’t eligible for the airdrop whereas others had claimed and determined to not promote.
Moreover, Coin Version discovered that the explanation a few of these holders weren’t promoting was due to the potential that the token might proceed to understand.
Additionally, this college of thought may very well be linked to the truth that the token burn would cut back the availability. In flip, demand for WEN may improve exponentially whereas the worth surges.
Apart from WEN, Jupiter plans to launch its native token on January 31, with the ticker as JUP. Just like the meme coin, many wallets are to obtain JUP as an airdrop for interacting with the trade.
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