WEN airdrop concludes with unclaimed supply burned, price sees significant movement

As the airdrop period for the Solana-based WEN token ended, a quarter of its supply was burned due to unclaimed tokens.

The WEN token, a homage to the cryptocurrency community’s frequent inquiries about new token mintings, was part of a novel experiment involving fractionalized NFTs.

In simpler terms, a poem by @weremeow was transformed into an $NFT and then divided into one trillion parts, each part representing a WEN token. This approach led the creators to describe WEN as the first community coin based on fractional NFTs.

This airdrop was conducted through Jupiter, a decentralized exchange aggregator, as a large-scale test for its new launchpad. Jupiter’s platform was set to be utilized again to launch its own token, JUP, targeting nearly a million wallets.

WEN’s airdrop strategy was expansive, targeting over a million eligible Solana wallets. This included active Jupiter users from the past six months, holders of various popular $NFT projects on the platform, and Solana Saga smartphone owners.

As of Monday at 10 a.m. EST, the price of WEN had dropped to $0.00012748, a sharp decline post-token burn before climbing back up to its current price of $0.0001362, according to updated CoinGecko data.

The 24-hour range of the token fluctuated between $0.000124 and $0.0001808. This pricing meant that claiming the airdrop, with each wallet entitled to 645,652 tokens, could net users approximately $92, based on the latest price.