This Week in Crypto Twitter: Turbulent Token for WEN and JUP, Plus Vitalik’s Retreat Launches

Crypto Twitter has been in classic form this week, with minor controversies, dramatic changes, and a splashy token announced by Ethereum co-founder Vitalik Buterin that he no longer wants to be part of the industry.

It all started late last week when WEN, Solana's meme coin launched through Decentralized Exchange (DEX) aggregator Jupiter, started a frenzy, with the token fluctuating in value on its first day.

At the time Variable air drop It was completed on Monday, the creators of the token finished Burn billions of WEN tokens. Eligible owners unclaimed – cumulatively, about 39% of the airdrop, costing more than $35 million.

That saga was just a prelude to the main event of the week: Jupiter's own much-anticipated airdrop. Solana Defi users have been eagerly awaiting the launch of the yuppie coin, which promises to enrich it. About a million Solana wallets with billions of free tokens.

However, on Wednesday, JUP finally kick offThey were the most vocal on Twitter against the token allocation structure, a 250 million JUP initial liquid pool created by Jupiter Group using tokens taken from the group's half of the 10 billion JUP supply.

Some Crypto Twitter users argued that because of such structures, Jupiter Airport was actually a hidden Initial Coin Offering (ICO) designed to enrich the Jupiter team.

It didn't take long for Jupiter's anonymous founder, Mew, to speak candidly. He defended them After dismissing Snowball's negative narrative as “FUUD” and emphasizing that any JUP holder can sell into the token's liquidity pool within seven days of launch – Meow says it's designed to benefit the JUP community.

Adding to the confusion, social media influencer, self-proclaimed missiologist, and human trafficker Andrew Tate soon decided he would coin his own meme if he received 50,000 retweets. last year.

Immediately, CryptoGenius jumped on the hypocrisy. Lamb Tate And the controversial internet personality was quick to delete the tweet within hours and post a new video attacking crypto as “complete rubbish” and insisting he would “never sell my soul to the god of geekdom”.

Perhaps this was the perfect week to announce Vitalik Buterin, perhaps the most famous icon for crypto. Blog post He wants to move on to a new phase of his life and no longer want to be considered a face of the ever-difficult industry.

“The end of my childhood,” Ethereum co-founder Tweeted.

Edited by Ryan Ozawa.