Summary
The Solana-based WEN token is experiencing a rally as its three-day airdrop comes to an end. Half of the token’s circulating supply will be burned, including any unclaimed tokens from the public offering. WEN has seen a price surge since its airdrop began, but has since fallen 15% from its peak. WEN is part of the memecoin and airdrop trends in the crypto market. Over 300,000 users claimed a total of $429 billion WEN tokens during the airdrop. The token pairs SOL/WEN and USDC/WEN have seen significant trading volume on the Jupiter Exchange. Jupiter Exchange will also be launching its own JUP airdrop on January 31.
Key Points
1. All unclaimed tokens, which make up about 25% of the circulating supply, will be burned.
2. WEN token, based on the Solana blockchain, experienced a rally as its three-day airdrop came to an end. Approximately half of the token’s circulating supply will be burned.
3. Over 300,000 holders claimed a total of $429B worth of WEN tokens during the airdrop, with each address receiving a value of $98.5. The requirement for claiming WEN tokens was transacting on Jupiter Exchange, the leading decentralized exchange on Solana, over the past six months.