Solana’s WEN Meme Coin Challenges Dogecoin & Shiba Inu’s Dominance

WEN (WEN), a Solana meme coin, has recorded a phenomenal price surge today. This comes after the Jupiter Exchange announced additional WEN airdrop rewards. The move was taken to celebrate the listing of the Jupiter Perpetual Contract on Aevo. Thereafter, the WEN crypto price soared 35%, giving stiff competition to major meme coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB).

About WEN & JUP Airdrop On Jupiter Exchange

Phase 1 of the WEN crypto airdrop came to an end on Monday, January 29 at 10 a.m. ET. However, Jupiter responded to Aevo’s post on X and announced that the airdrop would be live for 12 more hours. In the post, Aevo quoted a news outlet’s tweet of the JUP perp on the platform and encouraged investment in the same by writing, “Jupuary. Trade $JUP on Aevo.”

The WEN airdrop initiative serves as a large-scale test for Jupiter’s innovative launchpad, slated for further use in an upcoming airdrop for its native token, JUP, this week. A staggering number of nearly one million wallets are eligible to partake in the long-awaited JUP airdrop.

Whilst, WEN crypto airdrop’s outreach extends to over a million eligible Solana wallets. Moreover, it encompasses active Jupiter users from the last six months and holders of various prominent NFT projects on the platform. In addition, even proprietors of the Solana Saga smartphone can take part in the airdrop.

According to airdrop regulations, each eligible wallet is entitled to claim 645,652 tokens, which ensures a significant reward for each winner. However, despite the widespread airdrop, 41% of WEN tokens remain unclaimed as the conclusion of the cat-themed crypto’s airdrop approaches. Out of the total supply of 1 trillion tokens, 700 billion tokens were set to be distributed via airdrop.

Also Read: Solana DEX Jupiter Unveils More JUP Airdrops Amid WEN Meme Coin Hype

WEN Crypto Pits Against Dogecoin & Shiba Inu

The WEN crypto price surged past 35% in the trading session today. Whilst, its biggest rivals, DOGE and SHIB struggled to even sustain in the ‘green’. At press time, the WEN price soared by a huge 26.81% to $0.0001647 on Monday, January 29. Moreover, it boasted a market valuation of 165.35 million while the trade volume spiked 96.64% to $146.19 million.

On the other hand, Dogecoin price noted a slight gain after recording massive losses. As of writing, the Dogecoin price was up by 1.15% to $0.08066 with a market cap of $11.51 billion. In addition, the DOGE trade volume jumped by 70.74% to $422.48 million. However, considering WEN’s exceptional performance after its debut, DOGE’s upswing isn’t very significant.

Meanwhile, the Shiba Inu price lost a notable value. The SHIB price dropped 1.37% to $0.000008981 at the time of writing today. The dog-faced meme crypto displayed a market capitalization of $5.29 billion. On the contrary, SHIB witnessed a 14.21% hike in its 24-hour trade volume, settling at $88.81 million.

Also Read: Shiba Inu Burn Rate Skyrockets 1557% as SHIB Price Stabilizes