$WEN Sheds More Than Half Its Value as $GFOX Hype Grows Stronger

$WEN Sheds More Than Half Its Value as $GFOX Hype Grows Stronger

As one of the top Solana-based meme coins, $WEN gained a lot of attention before its airdrop. The expectation drove the memecoins price to rise quickly after its launch. However, just as soon as its price rose, it plunged, losing more than half of its value in the process.

Meanwhile, Galaxy Fox ($GFOX), a new ICO crypto, has been gaining traction, raising more than $3.2 million in the last few weeks. Continue reading to learn why $GFOX has been listed as one of the best meme coins to buy in 2024.

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$WEN Token Plummets Despite Massive Token Burn

The $WEN currency was established in response to an influx of memecoins on the Solana network. In the last year, some of the best meme coins to buy have been launched on the Solana network, including BONK, dogwifhat ($WIF), and Myro.

As a result, there was a lot of excitement about the $WEN airdrop. The airdrop was open to over a million wallets, which fueled interest in the idea. Shortly after the airdrop, the $WEN token price increased by more than 35%.

However, on the weekly chart, the Wen tokens price has dropped by more than 50%. From its all-time high of $0.0001808, $WEN has fallen by more than 70%, trading in the $0.00004500 range.

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Galaxy Fox ($GFOX) Hype Grows As Launch Date Approaches

The brief rise and drop of $WEN have pushed crypto investors to projects with more utility, like Galaxy Fox ($GFOX). There has been a lot of hype around Galaxy Fox because the project was launched to address the problems that have limited the adoption of meme coins.

While meme coins are frequently accused for having no utility, Galaxy Fox has addressed this issue with a blockchain gaming environment. Operating in two top crypto sectors has made the ERC20 coin, $GFOX, one of the best meme coins to buy now. In this immersive, hyperrealistic P2E game, players will embark on adventurous journeys and fulfill missions across a variety of fascinating worlds.

This action-packed journey will begin with each players distinct fox NFT character. Galaxy Fox also has some of the coolest NFT collections. These NFTs are integrated directly into the game, serving as power boosters and giving characters strength.

Completing challenges and other objectives within the game will help players move up the intergalactic leaderboard. The Galaxy Fox ecosystem also contains a merchandise store, some of the best NFTs to buy, and an excellent tokenomics model. Dogecoin has a limitless supply, but Shiba Inu has over 589 trillion tokens in circulation.

There will only ever be 5 billion $GFOX coins.In addition to the limited supply, the Galaxy Fox team has included a deflationary concept in $GFOX. This indicates that when the quantity of $GFOX decreases, the price will rise. Already, $GFOX has increased by 200% in recent weeks, trading at $0.00198. However, as the project approaches launch, crypto experts expect a 25x increase, making it one of the best meme coin to buy.

Final Thoughts

The quick rise and decline of the $WEN token highlights why many crypto investors are moving to $GFOX. With a platform that has the potential to be the next big thing in the meme coin sector, now is the best time to stack $GFOX tokens before they become a blue-chip crypto project.