Jupiter's upcoming airdrop is set for January 31, 2024, sparking anticipation within the community due to DEX's solid reputation on Solana and other DeFi platforms. After a month-long wait, the airdrop is finally arriving, introducing a new Solana NFT Standard alongside it.

The memecoin, WEN, leverages Solana's new token extensions and is launched through the LFG launchpad on Jupiter. Over a million wallets, including those of Genesis Saga phone holders, NFL collection holders, and Jupiter users, have received the WEN airdrop, propelling its value to over $100 million with 1 trillion tokens in circulation.

WEN serves as a Proof of Concept (PoC) for WNS, the WEN New Standard, a lightweight token standard for non-fungible tokens (NFTs) developed on Solana by LFG. This marks the introduction of the first NFT standard using thirteen new token extensions deployed on the blockchain recently.

Despite an initial decline in value, WEN is traded at $0.00008019 according to CoinMarketCap, reflecting a significant drop in the last 24 hours and a complete decline in the last week. Solana's activity is increasing, with a rise in active wallets and token deployments surpassing December's levels.

In other news, Michael Bentley, CEO of Euler, has recovered governance tokens previously lost due to a misplaced private key. The recovered tokens are valued at approximately $3.8 million, representing 4.4% of the total token supply.

EUL token's exchange value is currently at $3.96, showing slight fluctuations in the last 24 hours and a modest increase over the past week. Despite a stable market cap, there's a minor decrease in the 24-hour trading volume at the time of writing.