All unclaimed tokens, or about 25% of circulating provide, will probably be burned.
Solana-based WEN token is rallying as its three-day airdrop ends as we speak. About half of the token’s circulating provide will probably be burned.
Any unclaimed tokens from the pool of 70% of complete provide supplied to the general public will probably be burned, the crew mentioned. This quantity rose as we speak to 271 billion tokens, greater than 25% of the whole 1 trillion WEN token provide.
WEN has surged in value since its airdrop began on Jan. 26. The token has rallied greater than 30% since its launch on Jan. 26, however is down 15% from excessive, reached Sunday, in keeping with CoinGecko.
WEN marks the newest in a collection of Solana-based tokens that money in on two most important traits presently dominating the crypto market, memecoins and airdrops. It additionally lays the groundwork for Solana’s main DEX, Jupiter Trade, to arrange for its personal airdrop, set to kick off Wednesday.
Over 300,000 Holders
Customers claimed a complete of $429B WEN tokens, with a $98.5 airdrop worth to every deal with, in keeping with FlipsideCrypto. The airdrop leaves a complete of 354,492 holders.
The only real requirement for claiming WEN tokens was transacting on Solana’s main DEX by quantity, Jupiter Trade, over the previous six months.
Jupiter Airdrop
WEN pairs spiked as we speak on the change, claiming two of the highest three buying and selling pairs. SOL/WEN and USDC/WEN totalled almost $70M in quantity, in keeping with Jupiter’s dashboard.
WEN, a fractionalized NFT venture, served as a stress-test for Jupiter’s launchpad launch. The DEX will probably be providing its personal JUP airdrop on Jan. 31, accessible for the roughly 955,000 wallets that interacted with the DEX earlier than Nov. 02. 4 rounds of airdrops distributing 40% of the whole 10B provide will happen.
