Wen (WEN), one of the first cat-themed meme cryptocurrencies in the Solana (SOL) ecosystem, brought several technological and economic improvements to the Solana (SOL) community.
https://x.com/wenwencoin/status/1750882795335958775?s=20
Solana (SOL) meme coin Wen (WEN) rocketing
Wen (WEN), a cat-themed Solana-based meme currency, has had its price rise from $0.0000897 to $0.000115 in the previous 24 hours, increasing its market capitalization by more than 30%. Following a brief jump, the price of the WEN/USDT pair on Orca DEX and BingX CEX retraced marginally.
Wen (WEN) was launched three weeks ago with the goal of immortalising the ancient cryptocurrency meme “Wen?” (“When?” in poor English). Crypto aficionados utilise this notion to emphasise the excitement of a product introduction, upgrade, or price increase: “Wen moon?” “Wen mainnet?” and so on.
The Wen Foundation backs the WEN token, which has a cat picture as its emblem. Prior to the sudden price increase, the Foundation claimed that it has locked up 5 billion BONK tokens in its treasury to produce profits.
https://x.com/wenwencoin/status/1758220973726196179?s=20
BONK is the native token for Bonk Inu, the largest and most popular meme currency on Solana (SOL). In December 2023, Solana’s meme coin fever began with BONK and WIF.
Despite its youth, Wen (WEN) has grown to become one of the seven most popular Solana (SOL) currencies in terms of holder count.
Beyond meme ethos: Wen (WEN) pioneered new NFT standard on Solana (SOL)
Furthermore, unlike other meme currencies, according to its team’s comments, Wen (WEN) offered a lot of technological innovations to Web3.
Wen (WEN) became the first cryptocurrency coin built on a fractional NFT. In addition, their team created the WNS 0.0 NFT standard.
Earlier this year, 70% of the entire token supply was freely dispersed to 1 million wallets on the Solana (SOL) network.
