WEN Airdrop Sparks Frenzy as Solana Meme Coin Targets a Million Wallets

There’s a brand-new-made meme coin rendering waves on Solana, and conforming through in the heritage of rising Solana symbols pick BONK and Dogwifhat (WIF), newcomer WEN is controling the elaboration conforming through Friday early morning’s airdrop for more than a million wallets.

WEN was airdropped via decentralized exchange (DEX) collector Jupiter as a substantial-scale test of its brand-new-made launchpad, which will be devalued to use again next off week when Jupiter kicks off an airdrop for its awfully own token, JUP. Almost a million wallets are eligible for the long-awaited JUP lessen.

Yet WEN went also broader, through more than a million eligible Solana wallets—including dexterous Jupiter users over days gone by six months, vendors of a hodgepodge of customary NFT jobs on the platform, and also vendors of the Solana Legend smartphone.

Each wallet can claim an airdrop of 643,652 WEN, which at its current rate of $0.00009095 is identical to over $58, per information from CoinGecko. WEN possesses climbed up in rate about 483% because the Friday early morning lessen.

Unalike other information resources noted a temporary pop in rate as high as $2,915, according to CoinMarketCap, or $4,836 according to Birdeye. Both landmarks manifest the current rate of WEN to be a approximately 100% lessen in top particular from those fearful optimals.

Those rate stands out appear to be outliers, but that didn’t discourage Crypto Twitter from bearing the method to call out possible investors who got “rekt” amassing WEN for hundreds or thousands of dollars per token without arrest after the lessen, regardless of the rate promptly seating to a portion of a dollar.

Yet token prices can rise and fall extremely without arrest after an airdrop, and meme coins are famously volatile also external of a message-airdrop window, so such perturb is to be foreseen. At the awfully least there’s a history of Solana meme coins (pick those asserted in days gone by) pumping in rate numerous thousands of times over, so some WEN receivers could be readying on in the hopes of a analogous jump.

The Solana network reportedly arranged steady amid the substantial warning for the lessen, regardless of basically 118,000 wallets attempting to fasten simultaneously, per information from Solana Floor.

Yet, the endure wasn’t deliberately empty of technical downsides. Phantom wallet reported “capability concerns” amid the early minutes of the lessen, and asserted it would possibly strive to gain sure next off week’s JUP airdrop “goes delightfully.”