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Solana-based WEN plummets despite 27% supply burn | CoinDesk JAPAN

| ourbitcoinnews.com

WEN, a meme coin issued on the Solana blockchain, plummeted on the 29th. This comes as traders weigh the value of news that 27% of the airdropped token supply will be burned. Wen’s plunge was caused by whale sellers who exited their positions just...

Solanas WEN Token Plummets Despite Burning 27% of Supply

| www.coindesk.com

The burn turned out to be a "sell the news event" as traders had already accounted for the purge – and then some.

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