The Wen token airdrop, a meme coin on the Solana blockchain, has been in the spotlight recently, with barely half of eligible wallets claiming their allocated tokens

With just two days left in the claims window, data suggests that around 17% of the total supply could go unclaimed, which could have a significant impact on the token's price.

In this article that I made, we will delve into the details of the airdrop, the reason for the unclaimed supply, and how it could affect the price of Wen in the future.

Background

Wen is a meme coin created by Jupiter, a trading protocol, as a test-run for its highly anticipated airdrop. The token's creators have earmarked 700 billion Wen for this three-day airdrop, but have pledged to burn any unclaimed tokens. With a total supply of 1 trillion Wen, the unclaimed portion could have a substantial impact on the token's price.

Unclaimed Supply

According to on-chain data, around 17% of the total Wen supply could go unclaimed by the end of the airdrop. This unclaimed supply could have a significant impact on the token's price, as it reduces the total supply available in the market. The price of Wen is highly volatile, and the unclaimed supply could affect its value in the future.

Influence on Price

The unclaimed supply of Wen could have a restrictive effect on the token's price. With a smaller total supply available, the price of Wen could increase, as the available supply reduces. This could have a positive impact on the token's price in the short term, but it could also lead to a decrease in price in the long term, as the reduced supply becomes less scarce.


The Wen token airdrop has been met with limited success, with barely half of eligible wallets claiming their allocated tokens. This unclaimed supply could have a significant impact on the token's price, affecting its volatility and scarcity.

As the airdrop continues, it will be essential to monitor the unclaimed supply and its impact on the token's price. With just two days left in the claims window, it remains to be seen how many more eligible wallets will come forward to claim their Wen tokens, and how this will affect the token's price in the future.

References:

Nelson, D. (2024, January 27). Around 17% of WEN Token Supply Could be Burned After Airdrop, Data Suggests. Retrieved from https://www.coindesk.com/markets/2024/01/27/around-17-of-wen-token-supply-could-be-burned-after-airdrop-data-suggests/

elegant_solution. (n.d.). Retrieved January 13, 2024, from https://www.freepik.com/author/user28432665

Freepik - Goodstudiominsk. (n.d.). Retrieved January 5, 2024, from https://www.freepik.com/author/goodstudiominsk

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