Jupiter's upcoming airdrop, scheduled for January 31, 2024, has generated significant anticipation within the community, given the DEX's solid reputation on Solana and across the DeFi landscape. After more than a month of anticipation, the Airdrop is set to introduce a new Solana NFT Standard.

This memecoin leverages Solana's latest token extensions and has been launched through the LFG launchpad on Jupiter. Over one million wallets, including those of Genesis Saga phone holders, NFL collection holders, and Jupiter users, will receive WEN tokens, propelling its valuation to over $100 million for 1 trillion WEN tokens.

The launch of WEN has allowed Jupiter to thoroughly test its infrastructure, including bot migration measures and overall network performance. Positioned as a stress test, the launch aims to provide insights into the platform's long-term viability, with outcomes expected post-January 31.

WEN serves as a Proof of Concept (PoC) for the WEN New Standard (WNS), a lightweight token standard for non-fungible tokens created on Solana by LFG. Speculation within the community suggests the potential introduction of additional NFT standards in the future, with WNS being the first to utilize thirteen new token extensions deployed on the blockchain last week.

Despite its initial surge, the value of WEN has declined significantly, with a 36.16% decrease in the last 24 hours and a 100% decline over the past week, according to CoinMarketCap.

Solana's activity is on the rise, with an increase in active wallets and new token deployments surpassing December levels. In other news, Michael Bentley, CEO of Euler, has successfully recovered governance tokens previously lost, amounting to approximately $3.8 million, representing 4.4% of the total supply of 1.2 million EUL tokens.

EUL tokens currently trade at $3.96, showing a 3.63% increase in the last 24 hours and an 11.05% increase over the past week, with a minor decrease in the 24-hour volume.