Solana held steady during the WEN meme coin drop, although the chaos around the launch caused some wild price spikes.

There’s a new meme coin making waves on Solana, and following in the tradition of surging Solana tokens like BONK and Dogwifhat (WIF), newcomer WEN is dominating the conversation following Friday morning’s airdrop for more than a million wallets.
WEN was airdropped via decentralized exchange (DEX) aggregator Jupiter as a large-scale test of its new launchpad, which will be put to use again next week when Jupiter kicks off an airdrop for its own token, JUP. Nearly a million wallets are eligible for the long-awaited JUP drop.
But WEN went even broader, with more than a million eligible Solana wallets—including active Jupiter users over the past six months, holders of a variety of popular NFT projects on the platform, and even owners of the Solana Saga smartphone.
Each wallet can claim an airdrop of 643,652 WEN, which at its current price of $0.00009095 is equivalent to over $58, per data from CoinGecko. WEN has climbed in price about 483% since the Friday morning drop.
Other data sources noted a short-lived pop in price as high as $2,915, according to CoinMarketCap, or $4,836 according to Birdeye. Both sites show the current price of WEN to be a roughly 100% drop in value from those startling peaks.
Those price pops appear to be outliers, but that didn’t stop Crypto Twitter from seizing on the opportunity to call out potential traders who got “rekt” buying WEN for hundreds or thousands of dollars per token immediately after the drop, despite the price quickly settling to a fraction of a penny.

But token prices can fluctuate wildly immediately after an airdrop, and meme coins are famously volatile even outside of a post-airdrop window, so such chaos is to be expected. At least there’s a history of Solana meme coins (like those mentioned before) pumping in price many thousands of times over, so some WEN recipients may be holding on in the hopes of a similar jump.

The Solana network apparently held steady amid the immense demand for the drop, despite nearly 118,000 wallets attempting to connect at the same time, per data from Solana Floor.
However, the experience wasn’t completely devoid of technical hitches. Phantom wallet reported “performance issues” amid the early moments of the drop, and said it would aim to make sure next week’s JUP airdrop “goes smoothly.”

Time-Sensitive Airdrop for Jupiter Users

Attention, Airdrop hunters! Here’s an opportunity you don’t want to miss. If you’re a Jupiter user, you’re eligible to claim your $WEN tokens. But hurry, the clock is ticking — you have only until 29 January 2024, 03:00 AM UTC to make your claim.

Claim Details:

• Total Claims So Far: 643,652 WEN — currently its value ~$37
• Real-Time Spot Price: 0.00005991 USDC (Based on Jupiter’s Quote API)
• Claim Here: Visit the Jupiter platform to claim your $WEN tokens.

Save on Fees by Timing Your Claim

A strategic tip for those looking to save on SOL fees — consider delaying your claim. This approach can help minimize the costs associated with the claiming process, especially during high market fee periods which are expected during the launch.

Liquidity Provision Opportunity

Interested in providing liquidity for $WEN? You can participate in liquidity pools through this link: Meteora’s Liquidity Pool for $WEN. It’s a great way to support the token and potentially earn from the liquidity you provide.

$WEN’s Origins and Management

The $WEN token, a first of its kind, is launched using Jupiter’s innovative LFG launchpad and is managed by the Ovols team. This token stands as a testament to community-driven initiatives in the crypto space, reflecting a new era in tokenomics where culture and community intersect.
Don’t miss out on this unique opportunity to be a part of the WEN culture in the crypto world. Claim your $WEN tokens now, provide liquidity if you’re interested, and be part of this exciting journey. Remember, time is of the essence, so act fast and claim before the deadline!

Are you wondering how to maximize your $WEN airdrop or eager to explore the depths of Solana airdrop farming? Look no further! Unveil the secrets to success with our definitive guide, crafted exclusively for enthusiasts like you. Dive into a world of strategic moves and rewarding insights: The Ultimate Solana Airdrop Hunter Guide — Maximizing Rewards with Strategic Moves.

Stay Updated

• Read the Latest Tweet: For more information, check out the latest tweet from the team.
• Keep an Eye on Market Fees: Be aware of the market fees which might fluctuate during the launch period but are expected to stabilize shortly thereafter.

Join the $WEN community today and be a part of this cultural revolution in the digital asset world! 🚀🌐
To sell your WEN just scroll down at the page https://lfg.jup.ag/wen