WEN Meme Coin Surges After Jupiter Exchange Airdrop
WEN (WEN), a meme coin built on the Solana blockchain, has experienced a significant price surge. This surge followed the announcement of additional WEN airdrop rewards by Jupiter Exchange. The purpose of the airdrop was to celebrate the listing of the Jupiter Perpetual Contract on Aevo. As a result, the price of WEN crypto increased by 35%, putting it in direct competition with popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
About the WEN & JUP Airdrop on Jupiter Exchange
The first phase of the WEN crypto airdrop ended, but Jupiter responded to Aevo’s post and extended the airdrop for another 12 hours. The airdrop is part of Jupiter’s launchpad testing and is also a precursor to an upcoming airdrop for its native token, JUP. Over one million wallets are eligible for the JUP airdrop, while over a million Solana wallets are eligible for the WEN airdrop. The outreach also includes active Jupiter users, NFT project holders, and even Solana Saga smartphone owners.
Each eligible wallet can claim 645,652 tokens as part of the airdrop. However, despite its wide reach, 41% of WEN tokens remain unclaimed as the end of the airdrop approaches.
WEN Crypto Competes Against Dogecoin & Shiba Inu
The price of WEN crypto surged by over 35% while its competitors DOGE and SHIB struggled to maintain positive momentum. At present, WEN is priced at $0.0001647 with a market valuation of $165.35 million and a trade volume of $146.19 million. In contrast, Dogecoin saw a modest increase of 1.15% with a market cap of $11.51 billion and a trade volume of $422.48 million. Shiba Inu, on the other hand, experienced a decrease in price by 1.37% with a market cap of $5.29 billion and a trade volume of $88.81 million.
Hot Take: WEN Challenges Dominance of Dogecoin & Shiba Inu
The recent surge in the price of WEN crypto following the Jupiter Exchange airdrop has put it in direct competition with popular meme coins like Dogecoin and Shiba Inu. With its significant price increase and strong market performance, WEN has shown that it has the potential to challenge the dominance of these established meme coins. As more investors and traders take notice of WEN’s impressive performance, it will be interesting to see how this competition unfolds in the crypto market.
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