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Nairaland Forum / Nairaland / General / Investment / Still Holding WEN ... What's The Next Big Moves? (92 Views)
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Still Holding WEN ... What's The Next Big Moves? by CoinMegaTrend: 11:34am On Mar 07 |
The launch of Solana's WEN meme coin caused a stir in the cryptocurrency community, with the airdrop wrapping up in January following the burning of numerous unclaimed tokens, effectively reducing the WEN supply. After the airdrop concluded, token holders who had either claimed their tokens or acquired them through exchanges started selling their holdings in large quantities, resulting in a notable price decrease following a period of substantial growth. While the decrease in token supply is generally seen as a positive development for prices due to limiting the available tokens for trading, recent fluctuations in WEN's price suggest that prominent investors may be capitalizing on market unpredictability. Despite the price swings, various exchanges are expressing interest in listing the WEN token, with platforms like Bitget organizing trade and earn events featuring appealing APY rates. Moreover, there is speculation within the project's community that Binance might consider listing WEN in the near future. There are also suggestions within the community that the recent price decline could be a deliberate tactic to shake out less resilient investors before a potential price surge. The unfolding of this situation in the upcoming days remains uncertain. What are your opinions on this matter? |
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