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Cryptocurrency News Articles

Is Coinbase Ready to Jump into the $WEN Hype Train?

Mar 26, 2024 at 11:11 pm

Is Coinbase Ready to Jump into the $WEN Hype Train?

Is Coinbase Poised to Embark on the $WEN Adventure?

The recent listing of the Solana-based meme token $WEN on Crypto.com has generated a flurry of speculation, fueling whispers that Coinbase might follow suit. The exchange has yet to comment officially, but industry observers point to Coinbase's earlier embrace of Solana meme coins like BONK, hinting at a potential path forward.

What's the Buzz Behind $WEN?

$WEN, a feline-inspired meme coin, holds a unique position in the Solana ecosystem. It debuted as a fractionalized non-fungible token (NFT) based on a poem penned by Meow, the mastermind behind Jupiter. Its launch on the Jupiter decentralized exchange (DEX) in late January sparked a storm of interest.

Explosive Growth and Demand

$WEN's adoption skyrocketed in its early days, with 50% of its airdrop claimed by a staggering 529,000 wallets within 48 hours. The coin has maintained its momentum, attracting growing demand and garnering wider recognition.

Crypto.com's Embrace

The listing of $WEN on Crypto.com provides users with a convenient avenue to acquire the token using various fiat currencies, including USD, EUR, GBP, and over 20 others. This move underscores the growing prominence of $WEN and the demand for reputable trading platforms to accommodate its trajectory.

Bybit's Interest and Binance's Speculations

Bybit, another prominent exchange, has expressed interest in listing $WEN on March 27, 2024, alongside deposit and withdrawal capabilities via the Solana blockchain. Rumors abound that Binance, the leading crypto exchange, may also join the $WEN bandwagon, following its recent listing of Dogwifhat (WIF), another Solana-based meme coin, which witnessed an 18% surge.

$WEN's Resounding Surge

The listing on Crypto.com has catapulted $WEN's value by over 19% in the past 24 hours, reaching $0.0003956 as of press time. The meme coin's momentum underscores the growing demand for Solana-based meme tokens on established trading platforms.

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Other articles published on Nov 03, 2024