WEN Token Novice

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...

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