Solana memecoin WEN experienced a rally of over 17% within the past 24 hours, driven by a surge in trading activity and investor confidence. According to CoinGecko, the token’s recent price move is part of its 40% gain over the past seven days, reaching a high of $0.0000508. Its total market cap is roughly $37 million, with a 24-hour trading volume of $21.5 million.
What is Fueling the WEN Surge?
The primary catalyst behind WEN’s recent rally is its partnership with Elevate Pictures, a transmedia studio that launches iconic intellectual properties (IPs), including Teenage Mutant Ninja Turtles. Together, the teams plan to extend the memecoin’s mascot, dubbed the “internet’s cutest cat,” into multiple media formats, including animation, comics, and consumer products.
The initiative aims to leverage community-driven storytelling to foster fan engagement and expand WEN’s reach beyond crypto audiences. Caitlin Burns, a former lead developer on franchises such as Disney Descendants and Halo, leads the move.
Elevate and Adventurverse Studios also claim to utilize machine learning and game engine technology in piloting the memecoin’s animations and comics by late 2025. The teams believe the initiative will offer a modernized, decentralized path to content creation. Interestingly, the move comes amid a growing demand for tokenized IP, where fans will be active stakeholders.
WEN was most compared to BONK last week!
🚀 If $WEN(@wenwencoin) reaches $BONK‘s current market cap, its price would be $0.0036. That makes 70x!
🔗 https://t.co/URCkBJmRZO. pic.twitter.com/v7lgHzN0xw
— CompareMarketCap (@comparemcap) July 20, 2025
Following the announcement, the WEN community anticipates that the move could help the token transform from a niche memecoin into a globally recognized brand. They are now comparing the cat-themed meme token with BONK with the idea that the token will reach its rival’s market cap. If the speculation is actualized, WEN would have gained over 7,000%, thus fueling the rally more.
Other Altcoins Surge
Other altcoins are not left out, mainly due to institutional interest and pro-crypto regulatory moves during the Crypto Week. Ether, for instance, has outperformed Bitcoin, climbing over 3.5% today. Inflows into spot ETH ETFs have increased investor sentiment regarding the asset. Additionally, firms such as SharpLink and Bit Digital are investing in Ether for long-term yield.
Another Solana-based memecoin, Pudgy Penguins (PENGU), has also seen a surge driven by its recent removal from Binance’s “seed tag.” The token has increased by over 600% in the past three months, fueled by speculation in a PENGU ETF. On the other hand, its associated NFT is now the world’s second-largest NFT collection by market cap.
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