New Solana Meme Coin 'WEN' Airdropped to 1 Million Wallets – Here's How to Check Eligibility
New Solana Meme Coin ‘WEN’ Airdropped to 1 Million Wallets – Here’s The acceptable technique to Test Eligibility
WEN, a recent Solana meme coin, has received vital traction after being airdropped to over 1,000,000 wallets.
The airdrop, which took living on Friday morning, became facilitated by blueprint of the decentralized trade (DEX) aggregator Jupiter, as fragment of a colossal-scale test of its contemporary launchpad.
Jupiter will continue its airdrop spree next week with its be pleased token, JUP, which is eagerly anticipated by practically 1,000,000 eligible wallets.
Alternatively, the WEN airdrop had a just appropriate wider reach, extending eligibility to over 1,000,000 Solana wallets.
This integrated crammed with life Jupiter customers from the past six months, holders of diverse trendy NFT initiatives on the platform, and even house owners of the Solana Saga smartphone.
Every pockets that met the eligibility criteria might perhaps insist an airdrop of 643,652 WEN tokens.
On the novel trace of $0.00009095, this interprets to a rate of over $58, according to CoinGecko. For the reason that airdrop, WEN has skilled a trace abolish bigger of roughly 483%.
Completely different files sources reported non everlasting trace spikes, with CoinMarketCap noting a first-rate at $2,915 and Birdeye recording a first-rate at $4,836.
Alternatively, both platforms currently existing a predominant drop in rate from those peaks, with WEN now buying and selling at a fraction of a penny.
While these trace fluctuations can obtain caught some traders off guard, it is miles excessive to keep in mind that token prices would be extremely volatile, particularly in some unspecified time in the future of and without prolong after an airdrop.
Meme coins, particularly, are known for their wild trace swings.
Solana Meme Cash Proceed to Accumulate Waves
No subject the preliminary chaos, there might be a history of Solana meme coins experiencing vital trace surges, leading some WEN recipients to lend a hand onto their tokens in the hope of a the same soar.
Namely, some obtain speculated that the meme coin might perhaps observe in the footsteps of stylish Solana tokens love BONK and Dogwifhat (WIF), which obtain considered their trace skyrocket.
In response to files from CoinMarketCap, BONK has received more than 1,000% over the final Three hundred and sixty five days while WIF has surged by more than 110% over the final month by myself.
Meanwhile, the Solana network managed to address the immense set a query to in some unspecified time in the future of the airdrop, with roughly 118,000 wallets attempting to connect concurrently, according to files from Solana Ground.
Alternatively, there were some technical considerations reported in some unspecified time in the future of the early stages of the drop, particularly by the Phantom pockets, which skilled performance considerations.
The Phantom body of workers assured customers that they’d address these complications to abolish clear a smoother abilities in some unspecified time in the future of next week’s JUP airdrop.
Solana continues to abolish waves in the crypto crew as it achieves a couple of vital milestones.
Earlier this month, the network surpassed Ethereum (ETH) in 7-day stablecoin buying and selling quantity for the first time ever.
As reported, the associated rate of stablecoin transfers on Solana reached a staggering $103 billion closing week, outperforming all different networks.
Ethereum secured the 2d space with $90.9 billion, adopted by Tron with $82.3 billion and BNB Chain with $14.6 billion.
As smartly as to stablecoin buying and selling quantity, Solana also surpassed Ethereum in NFT alternate quantity for the month of December.
Source : cryptonews.com
