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REGULATION
by
1 year ago

WEN meme coin burned 27% of its supply

2024-01-30

REGULATION
by
1 year ago


WEN token is a meme coin on Solana. It was launched on Jan 26, 2024 by Solana DeFi aggregator Jupiter via its launchpad.

 

WEN has a total supply of 1 trillion tokens.

 

WEN token allocation

-70% allocate to airdrop.

-20% allocate to liquidity pool.

-10% allocate to treasury.

 

$WEN on X: "Claiming for $WEN has officially finished. Now, there are no more emissions and over 1/4 of the total supply will be burned forever.

 

WEN team burned 27.16% of token supply (271,673,868,955.15 WEN).

 

solscan.io


Therefore, WEN should have a circulating supply of about 728,326,131,045 WEN tokens.

 

WEN team airdropped the tokens to over a million addresses. Each eligible wallet could claim about 643,652 WEN tokens.

 

WEN airdropped 70% of the tokens to eligible Jupiter users who had a minimum of $5 trading volume between July 2023 and January 2024. All unclaimed WEN will be burned.

 

After the airdrop period ended on Jan 29, WEN team burned about 27% of total supply. Token burn increases the value for token holders.

 

 

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