– WEN, a new Solana meme coin, gained significant traction after airdropping to over a million wallets
– Airdrop facilitated through decentralized exchange (DEX) aggregator Jupiter
– Airdrop welcomed by nearly a million eligible wallets, with value of over $58 for each wallet
– WEN token experienced price increase of approximately 483%
– Solana meme coins known for wild price swings and significant price surges, similar to BONK and WIF
– Solana network managed to handle immense demand during airdrop, with approximately 118,000 wallets attempting to connect simultaneously
– Solana achieved significant milestones in the crypto community, surpassing Ethereum in 7-day stablecoin trading volume and NFT trade volume for the month of December
The new Solana meme coin, WEN, gained significant traction after being airdropped to over a million wallets. The airdrop was facilitated through the DEX aggregator Jupiter as part of a large-scale test of its new launchpad.
2. Airdrop Details
Jupiter conducted the airdrop, with eligibility extending to over a million Solana wallets. Eligible wallets could claim an airdrop of 643,652 WEN tokens, currently valued at over $58.
3. Price Fluctuations
Following the airdrop, WEN experienced a price increase of approximately 483%, reaching temporary price spikes and then dropping significantly. Token prices, particularly for meme coins, are known for their volatility.
4. Solana Meme Coin Trends
Despite the initial chaos, WEN recipients are hopeful that the meme coin may follow in the footsteps of other popular Solana tokens with significant price surges. The Solana network managed to handle the immense demand during the airdrop, with some technical issues reported.
5. Solana Achievements
Solana continues to make waves in the crypto community, surpassing Ethereum in stablecoin trading volume and NFT trade volume for the month of December. It achieved significant milestones over the past month.
Overall, the introduction of the new Solana meme coin, WEN, through a massive airdrop has garnered attention and resulted in significant price fluctuations, reflective of the volatility typically associated with meme coins. The Solana network’s achievements further bolster its position in the cryptocurrency space.
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