The Grand Finale of the WEN Token Airdrop
The innovative airdrop event for the Solana-based WEN token has officially concluded, leaving a significant impact on its supply and price. In an unexpected turn of events, a substantial quarter of the WEN tokens were destroyed following the closure of the airdrop, as these were not claimed by the participants.
A Token Tied to Fractional NFTs
WEN token’s inception was inspired by the crypto community’s curiosity around new token launches. The token’s unique aspect was its connection to fractionalized NFTs. A poetic creation by the user @weremeow was converted into an NFT and further split into one trillion parts, setting the stage for WEN to become the first-ever community coin based on a fractional NFT.
Jupiter’s Involvement and Expansion Strategy
The airdrop was orchestrated using the Jupiter platform, a decentralized exchange aggregator. Jupiter tested its launchpad capabilities through this airdrop and plans to use the same mechanism for its upcoming JUP token release. The WEN airdrop aimed at an expansive audience, targeting over a million Solana wallet users, including those active on Jupiter, collectors of various popular NFTs, and owners of Solana Saga smartphones.
Market Response to the Token Burn
Following the burn of the unclaimed WEN tokens, the market reacted with a significant price shift. Initially, the price plummeted to $0.00012748 but then made a recovery to a more stable price of $0.0001362, as per the latest figures from CoinGecko. The 24-hour trading window saw the token’s price oscillating between a low of $0.000124 and a high of $0.0001808. With each wallet eligible for 645,652 tokens from the airdrop, the potential value for claimants hovers around $92 at the current price.
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