Solana’s WEN token airdrop is nearing its end, with 41% still unclaimed out of the one trillion fractionalized NFT-backed tokens, as per Dune Analytics data.
WEN, built on fractionalized NFTs, offers a unique approach, with each token representing a piece of an NFT poem. As a large-scale test for Jupiter’s launchpad, WEN targeted over a million Solana wallets, reaching a price of $0.0001826.
Each eligible wallet can claim 645,652 tokens, currently valued at $109. However, despite a 35.3% increase in the last 24 hours, WEN’s weekly chart shows a 100% decline.
As the three-day airdrop concludes, on-chain data suggests at least 17% of WEN’s 1 trillion tokens may remain unclaimed. Creators plan to burn unclaimed tokens by January 29, impacting WEN’s supply and price.
The airdrop aligns with Solana’s wealth distribution initiatives, extending eligibility to 1 million wallets holding NFTs or engaging in crypto trading. WEN’s success serves as a test for Jupiter’s upcoming JUP token airdrop, showcasing airdrop technologies through the LFG Launchpad.
Despite an initial surge, claims are slowing down, potentially leaving many WEN tokens for burning.
Also Read: Solana’s WEN Memecoin Surges, Nearing $100M Market Cap
