In a large-scale test of its new launchpad, Jupiter facilitated the WEN airdrop, distributing the meme coin to active users and NFT holders. The widespread eligibility criteria included users from the past six months and owners of the Solana Saga smartphone.
Generous Airdrop Rewards
Eligible wallets received a generous airdrop of 643,652 WEN tokens, currently valued at over $58. Despite initial price spikes and volatility, with temporary peaks reported on various platforms, WEN now trades at a fraction of a penny.
Solana Meme Coin Surge Trends
WEN’s price surge of approximately 483% post-airdrop follows a trend seen in other Solana meme coins like BONK and Dogwifhat (WIF). Traders anticipate the potential for significant price jumps, reminiscent of the success of these popular Solana tokens.
Despite the surge in demand during the airdrop, Solana impressively handled approximately 118,000 wallets attempting to connect simultaneously. Technical issues reported by the Phantom wallet during the drop are expected to be addressed by the Phantom team to enhance user experience for future airdrops.
Solana’s Remarkable Achievements Continue
Solana continues to assert its dominance in the crypto space, surpassing Ethereum in 7-day stablecoin trading volume. The network’s stablecoin transfers reached $103 billion, outperforming Ethereum, Tron, and BNB Chain. Solana also excelled in NFT trade volume, further solidifying its position in the crypto community.
In the dynamic world of Solana meme coins, WEN’s airdrop success adds another chapter to the network’s remarkable journey. As traders navigate the volatile market, the anticipation of WEN following the footsteps of its meme coin predecessors creates excitement and buzz.
Stay tuned for more updates on Solana‘s vibrant ecosystem and meme coin trends.