{"id":237961,"date":"2024-01-30T01:49:07","date_gmt":"2024-01-29T20:19:07","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=237961"},"modified":"2024-01-30T01:49:07","modified_gmt":"2024-01-29T20:19:07","slug":"solana-memecoin-wen-rallies-as-3-day-airdrop-ends-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/solana-memecoin-wen-rallies-as-3-day-airdrop-ends-crypto-news\/","title":{"rendered":"Solana Memecoin WEN Rallies as 3-Day Airdrop Ends &#8211; Crypto News"},"content":{"rendered":"<p>All unclaimed tokens, or about 25% of circulating supply, will be burned.\n<\/p>\n<div>\n<p>Solana-based WEN token is rallying as its three-day airdrop ends today. About half of the token\u2019s circulating supply will be burned.<\/p>\n<p>Any unclaimed tokens from the pool of 70% of total supply offered to the public will be <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/solscan.io\/tx\/5RYZKA3SfpDh7oboumkY6fpms7AdmHiqwxEc3nbTdHxoNxZYPPuHYyhx7wL6WunmXBpZfMA4r5ZWJtq3XdJdN6Yg\">burned<\/a>, the team said. This number rose today to 271 billion tokens, more than 25% of the total 1 trillion WEN token supply.<\/p>\n<p>WEN has surged in price since its airdrop started on Jan. 26. The token has rallied more than 30% since its launch on Jan. 26, but is down 15% from high, reached Sunday, according to CoinGecko.<\/p>\n<p>WEN marks the latest in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/solana-memecoin-wif-hits-all-time-high-on-binance-listing\">series<\/a> of Solana-based tokens that cash in on two main trends currently dominating the crypto market, memecoins and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/there-was-60-less-free-money-from-token-airdrops-in-2023-versus-a-year-earlier\">airdrops<\/a>. It also lays the groundwork for Solana\u2019s leading DEX, Jupiter Exchange, to prepare for its own airdrop, set to kick off Wednesday.<\/p>\n<p><!--$!--><!--\/$--><\/p>\n<h2>Over 300,000 Holders<\/h2>\n<p>Users claimed a total of $429B WEN tokens, with a $98.5 airdrop value to each address, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/flipsidecrypto.xyz\/h4wk\/wen-airdrop-wen-airdrop-KHdZ0T\">FlipsideCrypto<\/a>. The airdrop leaves a total of 354,492 holders.<\/p>\n<p>The sole requirement for claiming WEN tokens was transacting on Solana\u2019s leading DEX by volume, Jupiter Exchange, over the past six months. <\/p>\n<h2>Jupiter Airdrop<\/h2>\n<p>WEN pairs spiked today on the exchange, claiming two of the top three trading pairs. SOL\/WEN and USDC\/WEN totalled nearly $70M in volume, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/station.jup.ag\/stats\/day\">Jupiter\u2019s dashboard<\/a>.<\/p>\n<p>WEN, a fractionalized <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/what-are-nfts\">NFT<\/a> project, served as a stress-test for Jupiter\u2019s launchpad launch. The DEX will be offering its own JUP airdrop on Jan. 31, available for the roughly 955,000 wallets that interacted with the DEX before Nov. 02. Four rounds of airdrops distributing 40% of the total 10B supply will take place.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>All unclaimed tokens, or about 25% of circulating supply, will be burned. Solana-based WEN token is rallying as its three-day airdrop ends today. About half of the token\u2019s circulating supply will be burned. Any unclaimed tokens from the pool of 70% of total supply offered to the public will be burned, the team said. This [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":237962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-237961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=237961"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237961\/revisions"}],"predecessor-version":[{"id":237964,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237961\/revisions\/237964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/237962"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=237961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=237961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=237961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}