Solana's WEN Token Rollercoaster: Burn, Plunge, and Airdrop Surge
The launch of Solana’s WEN meme coin saw a wild ride as hundreds of billions of unclaimed tokens were burned, significantly reducing the WEN supply. This led to a sharp drop in the token's price as holders began dumping them en masse after the claim ended. The project creators burned over 271 billion tokens, worth $35 million, representing over 27% of the total token supply. Despite the price fluctuations, WEN is now flat on the day at $0.0001398, down 23% from its all-time high. Meanwhile, Solana's SOL price is up nearly 8% amid the WEN frenzy and a rise in DeFi trading volume ahead of an upcoming token airdrop.
