In the latest roundup of exciting crypto news, we’ll look at how Jupiter, built on the Solana blockchain, is about to unveil a native token. We’ll also delve into the latest Dogecoin (DOGE) news and finish up by examining the exciting presale of Scorpion Casino ($SCORP) which is garnering attention and hype.
$SCORP Presale In Its Final Stages
New Solana-based JUP Token Debuting Amidst Excitement
Jupiter, a decentralized trading aggregator built on the Solana blockchain, is set to introduce its native token, JUP, via an airdrop scheduled for Wednesday at 10 a.m. EST. The initial maximum circulating supply of the token is now revised to 1.35 billion, down from the initially planned 1.7 billion, as stated by Moew, Jupiter’s pseudonymous founder, in a forum post on Tuesday.
This adjustment implies a potential market capitalization of approximately $700 million based on the current JUP-U.S. dollar perpetuals trading at 65 cents on Aevo. Of the initial circulating supply, 1 billion coins are allocated for airdrops, 50 million each for loans to market makers on centralized exchanges and liquidity pool requirements, and 250 million for a launch pool.
The airdrop concept involves the widespread distribution of free tokens by crypto projects to their communities to foster adoption. Airdrop Official data indicates that around 955,000 wallets interacting with Jupiter before November 2 are eligible for the JUP airdrop.
Dogecoin Network Sees Uptick In Activity
The Dogecoin network has experienced a notable uptick in both Daily Active Addresses and New Addresses. On January 29, the creation of new DOGE addresses reached an unprecedented high of 247,240, as reported by IntoTheBlock data.
Simultaneously, the price of DOGE surged to $0.8215 on Tuesday. According to insights from the on-chain intelligence tracker IntoTheBlock, there has been a remarkable 1,094% increase in New Addresses within the DOGE network over the past week. The record-setting 247,240 new DOGE addresses established on January 29 highlight the growing significance of DOGE among market participants, indicating a substantial rise in demand for the asset among traders. This surge in address activity aligns with a bullish outlook for DOGE’s price.
Scorpion Casino’s Presale Flaring With Life
Approaching the conclusion of its presale, Scorpion Casino has underlined its ambitions by exceeding $3.6m in its presale. It has created and sustained an impressive momentum, signaling the potential for a substantial impact upon its market launch.
Scorpion Casino has already secured an ambitious listing on BitMart and received endorsements from four distinguished ambassadors. With hype around the brand only further growing, it poses the question as to what has made Scorpion Casino such an attractive prospect for investors.
Its innovative staking scheme empowers users to generate substantial passive income, achieving an impressive daily total of 10,000 USDT. The hallmark of many successful cryptos are their capacity for generating passive income irrespective of fluctuating market conditions. For many crypto investors swayed by Scorpion Casino, this is likely to be one of the prevailing factors.
In addition to this, participants using the bonus code “SC20” can receive an additional 20% in $SCORP.
The Main Takeaway
Crypto investors will be watching the new JUP token launching on the Solana blockchain with interest. And with Dogecoin’s network witnessing an upsurge in activity, there’s a lot unfolding within the crypto industry. But arguably, the most interesting aspect so far to look at is the unfolding developments at Scorpion Casino. With its presale numbers, it has generated a lot of speculation as to what it can do upon going live.
Find out more about SCORP:
Presale: https://presale.scorpion.casino/
Twitter: https://twitter.com/ScorpionCasino
Telegram: https://t.me/scorpioncasino_official
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