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 <p class="is-style-lead">Following other Solana <a rel="noopener noreferrer nofollow" title="memecoin" href="https://thebittimes.com/tag/memecoin.html">memecoin</a>s, WEN aims to immortalize a popular part of a crypto culture centered on timelines and milestones.</p>
 <p>The WEN token skyrocketed over 4,000% from launch on Jan. 26, racing above a $50 million market capitalization less than 12 hours after its debut on Solana’s ecosystem. WEN was airdropped to users of the decentralized exchange Jupiter.</p>
 <p>To claim the free tokens, Jupiter users must have traded at least $5 in volume between July 2023 and January. The six-month qualification period ended at midnight UTC on Jan. 19 when a snapshot was taken.&nbsp;According to WEN’s launch page, tokens unclaimed by Jan. 29 will be burned.</p>
 <p>WEN is inspired by a fractionalized NFT poem written by pseudonymous developer Weremeow, one of the minds behind Jupiter exchange and other Solana-native dapps like Meteora. The Ovals team manages the cryptocurrency and was <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a>ed via Jupiter’s <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a>pad platform dubbed LFG.&nbsp;</p>
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    <p lang="en" dir="ltr">A Love Letter To Wen Bros ️ pic.twitter.com/amTNSLcQ3f</p>— meow (@weremeow) December 23, 2023
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 <p>Of WEN’s one trillion supply, 70% was airdropped to eligible users who can earn trading fees by providing liquidity. Per the project’s page, the idea is a community-backed salute to Weremeow and the common crypto question of when.&nbsp;</p>
 <p>The term often refers to inquiries regarding when a token might launch, or a new feature might be shipped. &nbsp;</p>
 <p>WEN’s <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> comes ahead of a Jupiter airdrop likely slated for month’s end and <a rel="noopener noreferrer nofollow" title="follow" href="https://thebittimes.com/tag/follow.html">follow</a>s a frenzy of Solana <a rel="noopener noreferrer nofollow" title="memecoin" href="https://thebittimes.com/tag/memecoin.html">memecoin</a>s toward the end of last year. Cryptos like BONK and dogwifhat were said to turn speculators into overnight millionaires.&nbsp;</p>
 <p>Users bought in with small-sized capitals, sometimes turning a few bucks into thousands of dollars in profits.&nbsp;</p>
 <p>Memecoin mania is synonymous with each crypto cycle, usually leading into a bull run. However, caution is advised when dealing with altcoins dependent on community speculation rather than proven utility.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Dogecoin’s yearly gains take a hit as rival memecoins gain popularity
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-s-wen-memecoin-nears-100m-market-cap-following-launch-tbt77898.html">https://thebittimes.com/solana-s-wen-memecoin-nears-100m-market-cap-following-launch-tbt77898.html</a></p>

Solana’s WEN memecoin nears $100m market cap following launch

TheBitTimes

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