WEN Airdrop and Jupiter’s Launchpad Test
The WEN airdrop took place through Jupiter, a decentralized exchange aggregator, as part of a large-scale test for its new launchpad feature.
Jupiter plans to continue airdrops with its own token, JUP, to nearly a million eligible wallets in the coming week.
Eligibility and Recipients
The WEN airdrop extended eligibility to over a million Solana wallets.
Eligible recipients included active Jupiter users from the past six months, holders of popular NFT projects on the platform, and owners of the Solana Saga smartphone.
Each eligible wallet could claim an airdrop of 643,652 WEN tokens.
WEN Token Value and Price Increase
At the current price of $0.00009095, the WEN tokens received in the airdrop are valued at over $58 according to CoinGecko.
Since the airdrop, WEN experienced a significant price increase of approximately 483%.
Temporary Price Spikes
Temporary price spikes were reported, with CoinMarketCap noting a peak at $2,915 and Birdeye recording a peak at $4,836.
Presently, WEN is trading at a fraction of a penny on both platforms.
Volatility and History of Solana Meme Coins
Despite initial volatility, there is a history of Solana meme coins like BONK and Dogwifhat (WIF) experiencing significant price surges.
BONK has gained more than 1,000% over the past year, and WIF has surged by more than 110% over the past month.
Solana Network Performance
The Solana network successfully handled the demand during the WEN airdrop, with approximately 118,000 wallets attempting to connect simultaneously.
Some technical issues were reported, especially by the Phantom wallet, but the team assured that these would be addressed for a smoother experience during the upcoming JUP airdrop.
Solana’s Achievements and Growing Adoption
Solana has achieved several significant milestones, surpassing Ethereum in 7-day stablecoin trading volume and stablecoin transfers.
Solana also outperformed Ethereum in NFT trade volume for the month of December.
Solana continues to make waves in the crypto community with its achievements and growing adoption.