According to onchain data provided by cryptocurrency analytics firm Lookonchain, a crypto whale recently received a large airdrop but unlike many other whales, did not sell the relevant altcoin. Onchain data revealed that the crypto whale who owned the $3.52 million PENGU airdrop spent another $1 million worth of SOL today to buy 34.42 million more PENGU. The giant crypto whale has not made any sales to date and at the time of writing, he owns 151.12 million PENGU tokens, equivalent to a total of $5.08 million. Related News: Developers on Solana Revealed the Altcoins Developers Are Most Focused on - Here`s the List PENGU tokens, which were launched quite recently, are attracting attention with their popularity. A significant portion of the total supply of the memecoin-based altcoin was airdropped to owners of the NFT collection Pudgy Penguins. However, the token’s price is trading 37% lower than its all-time high price level at the time of writing. *This is not investment advice. Continue Reading: Giant Crypto Whale Had A Huge Airdrop Of This Altcoin: Instead of Selling It, He Bought More
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Donald Saves Crypto (DONALCRY) Solana Memecoin Will Surge 18,000% Before Exchange Listing, As PEPE and SHIB Underperform
Donald Saves Crypto could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Donald Saves Crypto (DONALCRY), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because DONALCRY is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Donald Saves Crypto can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Donald Saves Crypto could become the next viral memecoin. Donald Saves Crypto launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Donald Saves Crypto on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Saves Crypto by entering its contract address – Gyy3ss5Yj2ioZWuz6BNbDPGUGUxhwoCskRuU2cGo9k2Q – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONALCRY. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. BitcoinSistemi
Ripple will unlock 1 billion XRP on January 1 2025 – What to expect?
On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system using the XRP Ledger . On January 1 (Wednesday), the company will unlock over $2 billion worth of tokens in three transactions of 200 million, 300 million, and 500 million XRP. Interestingly, January 2025’s unlock accounts for 1.74% of the current 57.25 billion circulating supply. Moreover, accrues for 2.63% of the remaining 38 billion XRP tokens locked in escrows under Ripple’s control. Three escrows will reach finality in the last minutes of December 31, held by two known wallet addresses Ripple owns. In particular, ‘ Ripple (24) ’ will unlock 200 and 300 million XRP, previously locked in December 2020 and January 2021. Second, ‘ Ripple (25) ’ will unlock 500 million tokens, previously locked in January 2021. These will be the last unlocks from ‘Ripple (24) and (25)’, but there are more escrows in other Ripple-controlled addresses. rw2hzLZgiQ9q62KCuaTWuFHWfiX7JWg3wY and rDqGA2GfveHypDguQ1KXrJzYymFZmKxEsF accounts. Source: XRP Scan / Finbold This is what Ripple did to the 1 billion XRP unlock in December We can look at previous monthly events as a reference to better understand what is next following this unlock. Notably, the escrow system unlocked 1 billion XRP on December 1 . Later, Ripple re-locked 800 million of the total in escrows that will end by February 2028 in two accounts. Meanwhile, the remaining 200 million was reserved at ‘ Ripple (1) ‘ for further distribution. The company then proceeded to sell the $500 million stash all at once, moving the amounts to other known and unknown accounts and selling more of the reserved XRP from ‘ Ripple (50) ‘ and Ripple (29)—all going unannounced. Interestingly, the previous month, November, marked Ripple’s largest dump in seven years, selling 470 million XRP from the 1 billion unlocked from escrows. For that, the company sent 470 million XRP to ‘Ripple (1)’. These reserved tokens were later split and sent to ‘Ripple (50)’ and rP4X2h(…) , as Finbold reported . Ripple’s XRP unlock in November 2024, by November 8. Source: Finbold So far, in 2024, Ripple has sold 3.246 billion XRP from the ‘Ripple (1)’ reserve account alone, not counting movements from other accounts – as seen occasionally from ‘Ripple (50), (29)’, and more. With XRP trading above the $2 mark, these sales represent more than $6.5 billion of selling pressure year-to-date. In comparison, the Ethereum Foundation has a yearly budget of $100 million for Ethereum (ETH) sales, which wasn’t reached. As things develop, Ripple’s aggressive strategies impose a challenge for XRP’s growth, requiring a proportional demand increase for sustainability. According to Ripple’s Q3 2024 report , the company is using an On-Demand Liquidity (ODL) model, selling at market price to willing customers, which diminishes the economic effects of gigantic potential sell walls. Featured image from Shutterstock. The post Ripple will unlock 1 billion XRP on January 1 2025 – What to expect? appeared first on Finbold . BitcoinSistemi