New Solana Meme Coin ‘WEN’ Airdropped to 1 Million Wallets – Here’s How to Check Eligibility

cryptonews.com:

WEN, a new Solana meme coin, has gained significant traction after being airdropped to over a million wallets.

The airdrop, which took place on Friday morning, was facilitated through the decentralized exchange (DEX) aggregator Jupiter, as part of a large-scale test of its new launchpad.

Jupiter will continue its airdrop spree next week with its own token, JUP, which is eagerly anticipated by nearly a million eligible wallets.

However, the WEN airdrop had an even wider reach, extending eligibility to over a million Solana wallets.

This included active Jupiter users from the past six months, holders of various popular NFT projects on the platform, and even owners of the Solana Saga smartphone.

Each wallet that met the eligibility criteria could claim an airdrop of 643,652 WEN tokens.

At the current price of $0.00009095, this translates to a value of over $58, according to CoinGecko. Since the airdrop, WEN has experienced a price increase of approximately 483%.

Different data sources reported temporary price spikes, with CoinMarketCap noting a peak at $2,915 and Birdeye recording a peak at $4,836.

However, both platforms currently show a significant drop in value from those peaks, with WEN now trading at a fraction of a penny.

While these price fluctuations may have caught some traders off guard, it is important to remember that token prices can be highly volatile, particularly during and immediately after an airdrop.

Meme coins, in particular, are known for their wild price swings.

Despite the initial chaos, there is a history of Solana meme coins experiencing significant price surges, leading some WEN recipients to hold onto their tokens in the hope of a similar jump.

Specifically, some have speculated that the meme coin may follow