One of the first cat-themed meme cryptocurrencies in the Solana (SOL) ecosystem, Wen (WEN), introduced a number of technical and economic innovations to the Solana (SOL) community.
One of the first cat-themed meme cryptocurrencies in the Solana (SOL) ecosystem, Wen (WEN), introduced a number of technical and economic innovations to the Solana (SOL) community.
Solana (SOL) Wen (WEN) meme coin soars
In the last 24 hours, the price of Wen (WEN), a cat-themed Solana-based meme coin, jumped from $0.0000897 to $0.000115, adding more than 30% to its market cap. After the brief rise, the price of the WEN/USDT pair on Orca DEX and BingX CEX fell slightly.
Launched three weeks ago, Wen (WEN) is designed to immortalize the old crypto meme “Wen?” (“When?” in broken English). Cryptocurrency enthusiasts use this concept to highlight the anticipation of a product launch, upgrade, or price increase: “Wen moon?” “Wen the main network?” etc.
Backed by the Wen Foundation, the WEN token uses the image of a cat as its logo. Before the rapid price rise, it announced that the Foundation locked 5 billion BONK tokens in the treasury to generate returns.
BONK is the native token of Bonk Inu, the largest and most popular Solana (SOL) meme coin. In December 2023, the Solana meme coin mania began with BONK and WIF.
Despite being in its infancy, Wen (WEN) managed to become one of the seven most popular Solana (SOL) coins in terms of number of holders.
Beyond the spirit of memes: Wen (WEN) pioneered the new NFT standard on Solana (SOL)
Furthermore, unlike other meme coins, according to the statements of its team, Wen (WEN) introduced a series of technological innovations in Web3.
Wen (WEN) became the first cryptocurrency coin based on a fractional NFT. Additionally, his team pioneered the WNS 0.0 NFT standard.
A total of 70% of the aggregate token supply was distributed for free to 1 million wallets on the Solana (SOL) blockchain earlier this year.
