Posted 1/26/2024, 10:19:21 PM
Meme Coin Airdrop Briefly Overwhelms Solana Network
- New meme coin WEN airdropped to over 1 million Solana wallets on Friday, sparking a price frenzy
- WEN price spiked as high as $4,836 briefly before dropping to around $0.00009095 per token
- Airdrop was done via Jupiter DEX as a test of its launchpad ahead of its own JUP token drop
- Solana network maintained 100% uptime despite nearly 118K wallets trying to connect at once
- Phantom wallet reported performance issues during frenzy but aims to smooth out next week's JUP drop