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Jakarta, Pintu News – Crypto whales are accumulating CYCLE, CLANKER, and CANDLE tokens ahead of TRUMP’s gala dinner event scheduled on May 22.
In the last 24 hours (20/5), the whales’ ownership of CYCLE surged by 276%, driven by the on-chain auto-burn mechanism.
CLANKER, the native token of Tokenbot on the Base network, recorded an increase in accumulation by whales of 30.85% as Base dominated DEX activity.
Meanwhile, CANDLE-which was included in the wave of new token launches on the Solana (SOL) platform-recorded a 47.83% surge in whale holdings.
CYCLE is a token with an automated burn mechanism that takes place directly on the blockchain, supported by transaction fees from PumpSwap.
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Each CYCLE transaction triggers the permanent burning of a portion of the total token supply, so the number of tokens in circulation will continue to decrease over time.
Since its launch, more than 11% of CYCLE’s total supply of 1 billion tokens has been burned, with over 60 SOL used to fund this irreversible auto-burn process.

Token holders can also vote for the burning event if they own a minimum of 100,000 tokens, giving the community some control over the process. Additionally, additional tools are available to burn other SPL or NFT tokens on-chain.
Launched just seven days ago, CYCLE has now reached a market capitalization of $4.6 million.
Accumulation by whales is increasing rapidly, with the amount of CYCLE held by large wallets rising 276% in just the last 24 hours-from 11.19 million to 49.63 million tokens.
Tokenbot is a coin launchpad platform operating on the Base blockchain, designed to make it easy to create and launch new tokens.
The platform’s native token, CLANKER, saw its price increase by 11.4% in the last 24 hours (5/20).

Blockchain Base itself currently ranks fourth in terms of DEX (decentralized exchange) trading volume over the past week, trailing only BNB (BNB), Solana, and Ethereum (ETH).
In the last seven days, its trading volume reached $8.12 billion, with $1.28 billion of that occurring in the last 24 hours.
In the last 24-hour period (5/20), CLANKER holdings by crypto whales increased sharply by 30.85%, rising from 9,313 to 12,070 tokens.
Candle.tv is a Solana-based launchpad and live streaming platform that combines the world of crypto with creator-driven culture.
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Different from the usual meme coins, CANDLE carries the concept of “culture coins”-tokens born from the original memes of the crypto community, not trends adopted from outside.
The platform has one exclusive, invite-based channel that airs curated content, with the aim of creating viral and meme-filled moments.

The creators get 50% of the token trading fees launched during their broadcast. Meanwhile, token design and promotion are handled by experienced community members, creating a win-win collaboration model.
Along with the increasing trend of token launch platforms on the Solana network-driven by projects like LetsBonk and Believe App-Candle is looking to position itself as a serious player in this space, competing directly with big names like PumpFun.
In the last 24 hours (5/20), the crypto whale’s holdings of CANDLE tokens jumped 47.83%, from 100.86 million to 149.1 million tokens.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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