New craze after WIF in Solana: WEN crazeAfter BONK and WIF, a new craze started in Solana, which be

After BONK and WIF, a new craze started in Solana, which became the pioneer blockchain of Memecoins.

A new craze has begun in Solana, which has become the pioneer blockchain of memecoins with the impact it has created since the beginning of 2023. After BONK and WIF memecoins, WEN became the favorite name of the Solana ecosystem.

WEN, which attracted great interest from investors of the Solana ecosystem, was released on January 26. Launched with great enthusiasm, WEN exceeded its market value of 100 million dollars in a short time. Memecoin investors started to turn to WEN after BONK and WIF.

Additionally, Lookonchain mentioned that a crypto wallet made a huge profit with its $125 thousand WEN investment.

solana ecosystem
WEN energized the Solana ecosystem
The Solana ecosystem has been leading the memecoin trend lately. Many memecoins gained popularity soon after their launch on the Solana network. Especially BONK and WIF have stimulated the Solana ecosystem. All eyes turned to the Solana network once again the other day.

A memecoin called WEN was launched on the Solana network on January 26. WEN rose over 4,000 percent shortly after launch. WEN, which created great interest, exceeded the market value of 100 million dollars within hours.

You may be interested in: What were the prominent cryptocurrencies of the day? January 27, 2024
wen chart
DeFi project Jupiter was an important factor in WEN's rise to prominence. WEN airdrop was made to Solana users operating on Jupiter.

Users who made a minimum transaction of $5 on the Jupiter platform between July 2023 and January 2024 were entitled to receive an airdrop from the memecoin named WEN. The six-month participation period ended with the snapshot (participant image) taken on January 19. According to the statements made, airdrops not requested by January 29 will be burned.

Inspired by Weremeov, one of the names behind Jupiter, WEN quickly became the favorite of investors. WEN was launched with Jupiter's launchpad called LFG.


70 percent of WEN, which has a total supply of 1 trillion, was distributed as airdrop. WEN achieved a transaction volume of $150 million in the last 24 hours. Many crypto investors began to think that Jupiter would airdrop its native token to those who hold WEN in their wallets. Jupiter's native token, JUP, is expected to be released at the end of the month.

On-chain data provider Lookonchain has taken a different look at the WEN craze. According to Lookonchain's post on the X platform, an investor earned a large amount of profit from WEN. The investor purchased 20 billion WEN for 125 thousand dollars. The investor, who turned Memecoin's rise into an opportunity, sold 12.5 billion WEN for 807 thousand dollars. From these transactions, the investor gained 682 thousand dollars. The investor left $7.6 billion worth of WEN in his wallet. The unrealized profit of these WENs is at the level of 950 thousand dollars.