02/28/2024
BTC57,107.0
ETH3,247.91
USDT1.0
BNB395.45
SOL108.93
XRP0.582057
USDC0.999704
DOGE0.097109
BUSD1.001
Last news
New Solana-based Coin WEN Airdropped to 1 Million Wallets
01/29/2024

New Solana-based Coin WEN Airdropped to 1 Million Wallets

01/29/2024
4,4

WEN, the new meme coin of the Solana ecosystem, has generated significant community interest and more achievements. Is there a chance to claim WEN tokens?

As part of Jupiter's large-scale testing, the platform held a Solana-based meme coin. The WEN airdrop started last weekend and ended on January 29. The decentralized exchange will continue the token airdrop series this week with the launch of the native token JUP.

Airdrop WEN has reached a wide range of users, from Jupiter exchange customers to some NFT owners and even Solana Saga owners. The developers allocated 700 billion coins to the community. Each eligible wallet could receive 643,652 WEN tokens.

  • Eligible for airdrop were 1 million Solana wallet owners who:
  • Traded on Jupiter DEX with a volume of at least $5 before January 19;
  • Executed DCA/LO/Perps orders
  • Have Ovols NFT, Bluechip NFT or Genesis Saga in their wallet.

As a result, the distribution triggered resonance and new gains across the entire Solana ecosystem. WEN's market capitalization has approached the $157 million mark. In the last 24 hours, the coin has grown by 41%. The daily growth of the coin is also due to rumors of a possible burning of 175 billion distributed WEN. The developers have promised to burn all unclaimed tokens until January 29.

The WEN airdrop is a test field of the launchpad feature on the Jupiter platform, which will hold a JUP token airdrop this Wednesday. Therefore, many people have a chance to get free tokens from the Jupiter ecosystem. 955,000 wallets will be eligible to participate in the first token airdrop.

The heightened excitement around the new meme coin saw one insightful trader's portfolio grow from $125,000 to $1.6 million in just 14 hours. And on the first day of airdrop, Jupiter's daily trading volume surpassed the $520 million mark, helping the platform overtake Uniswap V3 in terms of that metric. Jupiter's recent gains have also been influenced by the low cost of fees on the Solana network.

Meanwhile, the Solana network has overtaken the Bitcoin network in terms of daily active users. On January 26, Solana recorded more than one million users, while Bitcoin saw only about 600,000. Such performance at Solana is attributed to the increased demand for decentralized platforms on the network.

Achievements in the Solana ecosystem have driven SOL to growth. The asset has gained 11% over the past seven days and was worth $97.74 at the time of writing.

Source and Copyright © TradingView

The $100 resistance level poses a problem, as the asset has been unable to overcome it for a long time. Moreover, it is still unclear when it will happen and if it will happen at all. And yet, some experts are confident in a positive outcome, supporting their forecasts with bullish sentiment in Solana network.

This is not a 100 percent statement. The cryptocurrency market is very volatile and unpredictable. Remember the importance of DYOR.


Subscribe to Cryptonica.News
on social networks

The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.


How useful is this article for you?
Thank you for your review!

Last news

Rating
24h volume
GEO
Promotion

4.6/5
Best for crypto exchanges
$197,181,391
United Arab Emirates, Saudi Arabia, Israel, Egypt, Ukraine, Turkey, Switzerland, Spain, Slovakia, Russia, Romania, Portugal, Poland, Latvia, Italy, Hungary, Greece, France, Czech Republic, Bulgaria, Vietnam, Taiwan, Philippines, Pakistan, New Zealand, Myanmar, Mongolia, Kazakhstan, Japan, Indonesia, India, Cambodia, Australia, Afghanistan, Peru, Mexico, Colombia, Chile, Brazil, Argentina, South Africa, Nigeria
We Provide Financial Freedom!
on Bitfinex website

4.9/5
Best for crypto exchanges
$666,343,448
United Arab Emirates, Saudi Arabia, Israel, Egypt, Ukraine, Turkey, Switzerland, Spain, Slovakia, Russia, Romania, Portugal, Poland, Latvia, Italy, Hungary, Greece, France, Czech Republic, Bulgaria, Vietnam, Taiwan, Philippines, Pakistan, New Zealand, Myanmar, Mongolia, Kazakhstan, Japan, Indonesia, India, Cambodia, Australia, Afghanistan, Peru, Mexico, Colombia, Chile, Brazil, Argentina, South Africa, Nigeria
Sign up now to claim a welcome pack of 1000 USDT!
on Bitget website

4.8/5
Best for crypto exchanges
$1,385,071,874
United Arab Emirates, Saudi Arabia, Israel, Egypt, Ukraine, Turkey, Switzerland, Spain, Slovakia, Russia, Romania, Portugal, Poland, Latvia, Italy, Hungary, Greece, France, Czech Republic, Bulgaria, Vietnam, Taiwan, Philippines, Pakistan, New Zealand, Myanmar, Mongolia, Kazakhstan, Japan, Indonesia, India, Cambodia, Australia, Afghanistan, Peru, Mexico, Colombia, Chile, Brazil, Argentina, South Africa, Nigeria
Low commission - High profit
on MEXC website

4.8/5
Best for crypto exchanges
$1,343,056,327
United Arab Emirates, Saudi Arabia, Israel, Egypt, Ukraine, Turkey, Switzerland, Spain, Slovakia, Russia, Romania, Portugal, Poland, Latvia, Italy, Hungary, Greece, France, Czech Republic, Bulgaria, Vietnam, Taiwan, Philippines, Pakistan, New Zealand, Myanmar, Mongolia, Kazakhstan, Japan, Indonesia, India, Cambodia, Australia, Afghanistan, Peru, Mexico, Colombia, Chile, Brazil, Argentina, South Africa, Nigeria
Faster, better, stronger than your average crypto exchange!
on OKX website