Solana set a new record thanks to the "whirlwind" of WEN airdrop

The number of active wallets on Solana set a new record right after DEX Jupiter announced the memecoin WEN airdrop on January 26.

Solana set a new record thanks to the "whirlwind" of WEN airdrop. Photo: WEN

Solana (SOL), one of the best-performing altcoins of 2023, continued its strong start to the year. Not only does it generate huge transaction volume, but the number of new wallets active daily on Solana is also increasing rapidly.

The 7DMA moving average statistics the number of new wallets on Solana. Photo: The Block

Based on data compiled by The Block , the number of new wallets created on Solana in January 2024 has exceeded 10 million addresses. This number still shows no signs of cooling down and has surpassed the network record set in May 2022.

The above "whirlwind" comes from the success of a series of memecoins on the Solana ecosystem in recent times. FromBonk airdrop for Saga phone owners, until the emergence of memecoinWen (WEN)recently.

On the morning of January 26, DEXJupiterannounced airdrop of 70% WEN tokens to over 1 million users. Airdrop recipients include people who have traded on DEX Jupiter, owners of Solana Saga phones or some other NFT projects on the ecosystem.

The amount allocated to each valid wallet is the same, all 643,652 tokens, worth approximately 100 USD at the time of writing.

WEN allocation of a wallet worth 100 USD, taking the price on DEX Jupiter

Currently, nearly half of the airdrop tokens still have no ownersThe claim portal will close at 10:00 PM on January 29 (Vietnam time). CoinDesk data estimates that at least 17% of the total supply of 1,000 billion WEN will go unclaimed. The project has also committed to burning the remaining tokens from the airdrop.

As of noon on January 29, 44.6% of WEN remained unclaimed. Source: Dune Analytics

Statistics on WEN airdrop distribution activities. Source: Solscan

WEN was inspired by an NFT poem shared by an anonymous developer whose X account was weremeow. This person contributed to the development of DEX Jupiter and many other applications on Solana such as Meteora.

Airdrop WEN as a necessary stepping stone forJupiter's JUP airdrop planOkayset for Wednesday this week(January 31). Accordingly, Jupiter will airdrop to 955,000 users who have reached a minimum swap volume of 1,000 USD before the snapshot date of November 2, 2023.