Crypto whales have accumulated cycles, crankers and candles ahead of the Trump Gala dinner, set on May 22nd. In the cycle, whale holdings have skyrocketed by 276% in the last 24 hours driven by automated chain burning mechanisms.
Clanker, the native token of tokenbots on the base chain, recorded a 30.85% jump in whale accumulation as the base continues to dominate DEX activity. Meanwhile, candles, part of the waves of the growing Solana Launchpad, have seen a 47.83% increase in whale holdings.
cycle
Cycle is a chain token burn mechanism with PumpSWAP transaction fees. All cycle transactions trigger part of the token power supply to burn forever, reducing circulation over time.
Since its launch, over 11% of its total supply of 1 billion cycles has been burned, with over 60 SOLs being spent on these automated, constant burns.
Cycles through whale analysis. Source: Nansen.
Users can also vote for burn events if they have at least 100,000 tokens, giving the community partial control of the process. Additional tools allow for the combustion of SPL tokens or NFT on-chains.
The cycle, launched just seven days ago, reached a market capitalization of $4.6 million.
Whale accumulation has accelerated rapidly, with the amount of cycles held by large wallets rising 276% over the last 24 hours alone, ranging from 11.9 million to 49.63 million tokens.
Token Bot (Clanker)
Tokenbot is a coin launchpad that runs on a base blockchain designed to facilitate the creation and deployment of new tokens.
Its native token, Clanker, has scored 11.4% in the last 24 hours.
Analysis of Clanker Whale. Source: Nansen.
Base itself ranks as the fourth-largest chain in Dex's trading volume over the past week, tracking only BNB, Solana, and Ethereum. With a volume of $8.12 billion over the past seven days and $1.28 billion over the past 24 hours, Base is the fourth-largest chain of DEX trading volume.
Over the past 24 hours, Crypto Chholes' Clanker holdings have increased significantly, up 30.85% from 9,313 to 12,070 tokens.
Candle TV (Candle)
Candle.tv is a Solana-based Launchpad and live streaming platform that combines cryptography with a creator-driven culture. Unlike typical meme coins, candles focus on “cultural coins.”
The platform hosts a single invitation-only channel that streams curated content, aiming to generate viral meme moments.
Creators earn 50% of the transaction fee from tokens released during the stream, and token design and promotion are handled by experienced community members to create mutually beneficial models.
Candle whale analysis. Source: Nansen.
With the story of Solana Launchpads gaining momentum driven by projects like Letsbonk and Belove App, Candle is trying to position himself as a serious candidate for the space, aiming to challenge an incumbent like Pumpfun.
In the last 24 hours, Crypto Chhales' candle holdings have skyrocketed at 47.83%, rising from 10.86 million to 149.1 million tokens.
