The Solana ecosystem has seen a surge of interest around the new cryptocurrency WEN, a joke meme token. Its successful launch on the Jupiter platform, a decentralized exchange, as well as the listing of the JUP token on the OKX exchange, have contributed to the strengthening of the ecosystem.
WEN has shown significant growth, starting from a price of $0.00014 and reaching a market cap of $142 million, becoming one of the fastest growing assets on the Solana platform. The interest of traders has been undeniable, reflected in a daily trading volume of over $115 million, according to SolanaFloor, surpassing even the trading volume of the popular meme token Shiba Inu (SHIB) with $88 million.
The WEN airdrop is quite noticeable, causing additional excitement. According to Dune Analytics, users have already claimed 403 billion coins, which is 57.6% of the total volume. The remaining 297 billion coins, worth $41 million, may be subject to burn if not claimed by the end.
It is worth noting that WEN holders are interested not only in trading, but also in holding the asset. The total number of meme token holders is 322,716, including those who participated in the airdrop. There is an expectation of growth, especially considering the possible coin burn, which could reduce the supply and stimulate the growth of the token value.
Thus, the WEN cryptocurrency, which has had a successful start and attracted the interest of traders, becomes an important player in the Solana ecosystem, adding dynamism to the blockchain platform of this popular cryptocurrency.
