Four days ago, anyone involved with the Solana blockchain for quite a while received the When token distribution. $WEN is a meme coin launched on Jupyter launchpad as a stress test for the coming JUP token launch on January 31st. Every account received a fixed amount of 643,652.00 which was approximately equivalent to $72. The claiming period ended just three days after launch and tokens not claimed were burned.
WEN is the coin of Jupyter's founder, a Solana DEFI platform that keeps growing in TVL providing economic health to the financial ecosystem. Swaps, order book with market and limit orders, DCA, and perpetuals are some of the services you can use right now but they plan to add a stablecoin similar to DAI in Ethereum.
You can see WEN token dashboard as well as some information about it such as price evolution in this link and you can test the token launch simulator Jupyter offers together with a deep description of how the launchpad works.
I love how Solana is evolving globally and how Jupyter is helping grow that ecosystem. The chain is fast and very user-friendly with NFTs being also a big part of that growth. WEN token can be staked and there are several strategies you can read about to try to get the most out of it, but you can just swap it and enjoy the present without getting involved in the token at all. Whatever you do, it is Jupiter founder's new toy and he has expressed he will keep engaged in it for the long run which seeing how well they have done is a clear sign of an interesting future, Who knows we may be in front of another BONK case.
Whatever the future holds, social media is already full of the new meme coin.
