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    Solana Memecoin WEN Rallies as 3-Day Airdrop Ends

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    Solana Memecoin WEN Rallies as 3-Day Airdrop Ends

    All unclaimed tokens, or about 25% of circulating supply, will be burned.

    Solana-based WEN token is rallying as its three-day airdrop ends today. About half of the token’s circulating supply will be burned.

    Any unclaimed tokens from the pool of 70% of total supply offered to the public will be burned, the team said. This number rose today to 271 billion tokens, more than 25% of the total 1 trillion WEN token supply.

    WEN has surged in price since its airdrop started on Jan. 26. The token has rallied more than 30% since its launch on Jan. 26, but is down 15% from high, reached Sunday, according to CoinGecko.

    WEN marks the latest in a series of Solana-based tokens that cash in on two main trends currently dominating the crypto market, memecoins and airdrops. It also lays the groundwork for Solana’s leading DEX, Jupiter Exchange, to prepare for its own airdrop, set to kick off Wednesday.