The cryptocurrency market is abuzz with the most recent sensation – WEN, a meme coin thriving on the Solana platform. Boasting a outstanding 30% surge, WEN’s every day commerce has witnessed a considerable 42.64% improve, outpacing even the famed Shiba Inu. This surge has propelled WEN’s value to $0.0001454, inflicting ripples within the meme coin universe.
Right here’s all the things you could know.
WEN’s Spectacular Rally
Whereas meme giants like Dogecoin dominate with an $11 billion market capitalization, others like Bonk and Shiba Inu expertise fluctuations. In an surprising flip, WEN has defied odds, capturing up by a powerful 46.44% in a single day. This surge, capturing consideration regardless of a 100% drop the earlier week, is making waves within the crypto group.
Neighborhood members got here up with WEN as a salute to Weremeow and the frequent crypto query “when.” More often than not, “wen” means pleasure concerning the begin of a cryptocurrency token or a brand new crypto characteristic.
Learn Extra: Dogecoin or Shiba Inu: Which Memecoin Will Drop Zero From Its Worth First?
WEN’s Airdrop Technique
Behind WEN’s surge lies a strategic airdrop inside Solana’s ecosystem, concentrating on over one million wallets. As Solana’s decentralized change (DEX) Jupiter outperforms Ethereum-based Uniswap V3 in 24-hour buying and selling quantity, the airdrop technique introduces volatility.
Concurrently, WEN’s efficiency displays a strategic transfer to develop the Solana ecosystem, drawing curiosity from merchants influenced by latest market actions and particular coin developments.
Million-Greenback Strikes
Blockchain investigator LookOnChain sheds mild on a outstanding sequence of strikes by a dealer. The person acquired 20 billion WEN tokens at launch for $125,500, promptly offloading 12.5 billion for $807,000, leading to a considerable revenue of $682,000 inside a mere 14 hours. Regardless of this, the dealer retains 7.6 billion WEN at an unrealized revenue of $941,000. This monetary feat aligns with WEN’s spectacular 500% value improve inside 24 hours, reaching a peak at $0.00013781 earlier than retracing to $0.00009401.
Solana’s meme coin development, boosted by vital 2023 rallies, continues to draw consideration. Cash like BONK inside Solana’s ecosystem have seen notable surges. LookOnChain additionally reported {that a} dealer reportedly made round $6.9 million on BONK, showcasing the profitability inside Solana’s memecoin area. Therefore, the rising curiosity in Solana’s meme-coins comes after its outstanding efficiency in latest months.
Additionally Learn: Solana (SOL) Value All Set To Hit New ATH – Predicts Crypto Skilled Raoul Pal