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Solana ‘s network has seen a remarkable surge in recent days, leading to a record-breaking seven-day average of new addresses. This activity was triggered by an airdrop event on Jupiter, one of the leading platforms in the Solana ecosystem.
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This special airdrop offers popular meme coin WEN to users who meet certain criteria. Participants receive 643,652 WEN, each worth about $90. According to the latest data provided by CoinGecko, the value of WEN has increased by 37.5% in the past 24 hours.
However, this airdrop received less participation than expected. This has led to the emergence of tens of millions of dollars worth of unlaunched coins. The WEN team announced that coins that are not claimed during the airdrop will be burned.
On the other hand, according to TradingView data, Solana’s native token SOL also saw a daily increase of 1.68%, trading at $97.62 at the time of writing.
Jupiter users are also continuing to prepare for another airdrop that the platform will be hosting itself. According to data from November 2023, this upcoming airdrop event is expected to be attended by about 1 million users. This event could further increase activity on the Solana network and lead to a new revival in the cryptocurrency market.