Large cryptocurrency holders are accumulating CYCLE, CLANKER, and CANDLE in anticipation of the TRUMP gala dinner scheduled for May 22. Within the past day, whale holdings for CYCLE spiked by 276% due to its automated on-chain burn feature.

CLANKER, associated with Tokenbot on the Base chain, experienced a 30.85% increase in whale accumulation as Base continues to dominate decentralized exchange (DEX) activities. Additionally, CANDLE, a token in the emerging Solana launchpad sector, saw a rise of 47.83% in whale holdings.

CYCLE operates on an on-chain token burn system powered by PumpSwap fees. Each CYCLE transaction triggers a fraction of the token supply to be permanently burned, reducing circulation gradually. Over 11% of the total 1 billion CYCLE supply has been burned since its launch, with automated burns costing over 60 SOL.

Users holding at least 100,000 tokens can vote on burn events, giving the community some control over the process. Moreover, additional features allow for the burning of any SPL token or non-fungible token (NFT) on-chain. Despite being introduced just a week ago, CYCLE has achieved a market capitalization of $4.6 million.

Whale accumulation for CYCLE is rapidly increasing, with holdings by large wallets soaring by 276% within the past 24 hours alone, rising from 11.19 million to 49.63 million tokens.

Tokenbot, known for operating as a coin launchpad on the Base blockchain, has seen its native token, CLANKER, grow by 11.4% in the last day due to Base's significant position in DEX trading activity. Base ranks as the fourth-largest chain in DEX trading volume, following BNB, Solana, and Ethereum.

Over the past day, whale holdings of CLANKER have surged by 30.85%, from 9,313 to 12,070 tokens.

Candle.tv functions as a Solana-based launchpad and live streaming platform with a unique focus on creator-driven culture within the crypto world. Unlike typical meme coins, Candle emphasizes the creation of "culture coins” originating from crypto-native memes rather than borrowed trends.

Creators on Candle.tv earn 50% of trading fees from tokens launched during their streams, while token creation and promotion are managed by experienced community members, fostering a collaborative environment. In line with the growing trend of Solana launchpads, Candle aims to establish itself as a strong player in the industry to compete with established platforms like PumpFun.

In the last 24 hours, whale holdings of CANDLE have surged by 47.83%, climbing from 100.86 million to 149.1 million tokens.