Because the airdrop interval for the Solana-based WEN token ended, 1 / 4 of its provide was burned as a result of unclaimed tokens.
The WEN token, a homage to the cryptocurrency group’s frequent inquiries about new token mintings, was a part of a novel experiment involving fractionalized NFTs.
In easier phrases, a poem by @weremeow was remodeled into an NFT after which divided into one trillion components, every half representing a WEN token. This strategy led the creators to explain WEN as the primary group coin primarily based on fractional NFTs.
This airdrop was carried out by way of Jupiter, a decentralized trade aggregator, as a large-scale check for its new launchpad. Jupiter’s platform was set to be utilized once more to launch its personal token, JUP, concentrating on almost 1,000,000 wallets.
WEN’s airdrop technique was expansive, concentrating on over 1,000,000 eligible Solana wallets. This included lively Jupiter customers from the previous six months, holders of assorted well-liked NFT initiatives on the platform, and Solana Saga smartphone homeowners.
As of Monday at 10 a.m. EST, the value of WEN had dropped to $0.00012748, a pointy decline post-token burn earlier than climbing again as much as its present value of $0.0001362, in response to up to date CoinGecko information.
The 24-hour vary of the token fluctuated between $0.000124 and $0.0001808. This pricing meant that claiming the airdrop, with every pockets entitled to 645,652 tokens, may web customers roughly $92, primarily based on the most recent value.