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<p>The post <a href="https://coinpedia.org/price-analysis/solanas-meme-coin-wen-skyrockets-trader-nets-1-6-million-gain-in-14-hours/">Is Solana’s Meme Coin WEN the New Shiba Inu? Traders Record Gains in Millions</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The cryptocurrency market is abuzz with the latest sensation – WEN, a meme coin thriving on the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana</a> platform. Boasting a remarkable 30% surge, WEN’s daily trade has witnessed a substantial 42.64% increase, outpacing even the famed Shiba Inu. This surge has propelled WEN’s price to $0.0001454, causing ripples in the meme coin universe.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> JUST IN: <a href="https://twitter.com/search?q=%24WEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WEN</a> (<a href="https://twitter.com/wenwencoin?ref_src=twsrc%5Etfw">@wenwencoin</a>) flips <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> in 24-hour trading volume. <a href="https://t.co/pZJmRkfgpZ">pic.twitter.com/pZJmRkfgpZ</a></p>— SolanaFloor | Powered by Step Finance (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1751800414981538135?ref_src=twsrc%5Etfw">January 29, 2024</a>
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<p>Here’s everything you need to know. </p> 
<h2 class="wp-block-heading" id="h-wen-s-impressive-rally">WEN’s Impressive Rally</h2> 
<p>While meme giants like Dogecoin dominate with an $11 billion market capitalization, others like Bonk and <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/">Shiba Inu</a> experience fluctuations. In an unexpected turn, WEN has defied odds, shooting up by an impressive 46.44% in a single day. This surge, capturing attention despite a 100% drop the previous week, is making waves in the crypto community.</p> 
<p>Community members came up with WEN as a salute to Weremeow and the common crypto question “when.” Most of the time, “wen” means excitement about the start of a cryptocurrency token or a new crypto feature.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/dogecoin-or-shiba-inu-which-memecoin-will-drop-a-zero-from-its-value-first/">Dogecoin or Shiba Inu: Which Memecoin Will Drop a Zero From Its Value First?</a></p> 
<h2 class="wp-block-heading" id="h-wen-s-airdrop-strategy">WEN’s Airdrop Strategy </h2> 
<p>Behind WEN’s surge lies a strategic airdrop within Solana’s ecosystem, targeting over a million wallets. As Solana’s decentralized exchange (DEX) Jupiter outperforms Ethereum-based Uniswap V3 in 24-hour trading volume, the airdrop strategy introduces volatility. </p> 
<p>Simultaneously, WEN’s performance reflects a strategic move to expand the Solana ecosystem, drawing interest from traders influenced by recent market activities and specific coin developments.</p> 
<h2 class="wp-block-heading" id="h-million-dollar-moves">Million-Dollar Moves</h2> 
<p>Blockchain investigator LookOnChain sheds light on a remarkable sequence of moves by a trader. The individual acquired 20 billion WEN tokens at launch for $125,500, promptly offloading 12.5 billion for $807,000, resulting in a substantial profit of $682,000 within a mere 14 hours. Despite this, the trader retains 7.6 billion WEN at an unrealized profit of $941,000. This financial feat aligns with WEN’s impressive 500% price increase within 24 hours, reaching a peak at $0.00013781 before retracing to $0.00009401.</p> 
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   <p lang="en" dir="ltr">In just 14 hours, this trader made over $1.6M trading <a href="https://twitter.com/hashtag/MEME?src=hash&amp;ref_src=twsrc%5Etfw">#MEME</a> coin <a href="https://twitter.com/search?q=%24WEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WEN</a>!<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f631.png" alt="😱" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>He spent 125.5K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> to buy 20B <a href="https://twitter.com/search?q=%24WEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WEN</a> when <a href="https://twitter.com/search?q=%24WEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WEN</a> opened trading, and sold 12.5B <a href="https://twitter.com/search?q=%24WEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WEN</a> for 807K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a>, realizing a profit of $682K.<br><br>And currently holds 7.6B <a href="https://twitter.com/search?q=%24WEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WEN</a>($941K), with an unrealized profit of $941K. <a href="https://t.co/0adU5BzGSv">pic.twitter.com/0adU5BzGSv</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1751076849843888565?ref_src=twsrc%5Etfw">January 27, 2024</a>
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<p>Solana’s meme coin trend, boosted by significant 2023 rallies, continues to attract attention. Coins like <a href="https://coinpedia.org/price-prediction/bonk-price-prediction/">BONK</a> within Solana’s ecosystem have seen notable surges. LookOnChain also reported that a trader reportedly made around $6.9 million on BONK, showcasing the profitability within Solana’s memecoin space. Hence, the increasing interest in Solana’s meme-coins comes after its remarkable performance in recent months.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/solana-sol-price-all-set-to-hit-new-ath-predicts-crypto-expert-raoul-pal/">Solana (SOL) Price All Set To Hit New ATH – Predicts Crypto Expert Raoul Pal</a></p>

Is Solana’s Meme Coin WEN the New Shiba Inu? Traders Record Gains in Millions

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