- WEN's worth reached $0.00014, a big improve from its launch worth.
- Roughly 42.40% of eligible wallets haven’t but utilized for WEN airdrop.
- WEN might commerce greater because the group plans to burn unclaimed tokens.
The worth of WEN, a Solana-based meme coin, rose 33.45% to $0.00014, in keeping with information from CoinMarketCap. Much like its worth, WEN's market cap has additionally risen to $141.73 million on the time of writing, making the cryptocurrency one of many quickest rising meme cash on Solana.
WEN has acquired the debut token for the Jupiter launch pad. For these not within the know, Jupiter is a decentralized alternate on Solana. To launch Launchpad, the alternate airdropped 643,652 of his WEN tokens into over 1 million Solana wallets every.
WEN exceeds SHIB buying and selling quantity
The market capitalization of the token on the time of its launch was roughly $54.6 million. Due to this fact, the current improve means that wallets eligible for the airdrop might have been offered whereas different wallets are shopping for.
On account of this excessive exercise, WEN's 24-hour buying and selling quantity reversed that of Shiba Inu (SHIB). Based on SolanaFloor, WEN's buying and selling quantity soared to $115.08 million. SHIB, however, might solely boast $88.6 million.
The WEN Airdrop is likely one of the many advantages the Solana Mission has given its individuals. For instance, there was a Jito (JTO) airdrop just a few months in the past. Previous to that, the Pyth Community (PYTH) was additionally distributed to the neighborhood.
As of this writing, Coin Version has evaluated Dune Analytics to verify the variety of WEN tokens claimed. Based on the blockchain question platform, 57.60% of the tokens have been claimed.
This equates to a complete of 403.25 billion tokens. Nevertheless, 42.40% of the tokens stay unclaimed. On the time of writing, the worth of those tokens was value $41.14 million.
Subsequent is the token burn
If these tokens are usually not claimed by the top of January twenty ninth, the WEN group plans to burn them. This prevents eligible addresses that might not declare it from accessing the token.
No matter the way it seems, the information above reveals that there are 322,716 WEN holders. A few of these house owners weren’t eligible for the airdrop, whereas others insisted and determined to not promote.
Moreover, Coin Version discovered that the rationale a few of these holders are usually not promoting is as a result of their tokens might proceed to rise in worth.
Additionally, this concept may very well be associated to the truth that burning tokens reduces provide. Consequently, the demand for WEN might improve exponentially, inflicting the value to skyrocket.
Along with WEN, Jupiter additionally plans to launch its native token on January thirty first with the ticker JUP. Much like meme cash, many wallets will obtain JUP as an airdrop for interacting with exchanges.
Disclaimer: The data contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any sort. Coin Version isn’t answerable for any losses incurred on account of using the content material, merchandise, or providers talked about. We encourage our readers to do their due diligence earlier than taking any motion associated to our firm.
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