The Solana network restarted after another outage, and Ethereum developers activated the Dencun upgrade on the Holesky testnet. These, along with the upcoming Bitcoin halving, are among the trending cryptocurrency news this week.
However, one of the hottest topics today is the airdrop announcement by Pyth Network. Memeinator, which also offers a massive opportunity with a $250k Virgin Galactic giveaway and $100k token airdrop, is also making waves across the presale market.
Here are the details.
Pyth Network unveils retrospective airdrop phase 2
The first phase of Pyth Network’s retrospective airdrop saw more than 90,000 eligible wallets. The snapshot for the massive 255 million PYTH airdrop targeted early users across 27 blockchains, including Ethereum, Polygon, Solana and Arbitrum. Users began the claims process on November 20.
Today, with more than 163 million PYTH tokens claimed so far, the first-party oracle network is embarking on the second phase of its airdrop. According to the project, more than 160 dApps are eligible for the 100 PYTH airdrop.
Decentralized applications that have tapped into Pyth’s price data across their various network activities, including on-chain settlements, transactions and asset valuation, are eligible to take part, Pyth Network said.
Synthetix, Helium, Mango Markets, Bonfida, and PancakeSwap are some of the platforms set to benefit from the airdrop. Pyth Network has left it to individual platforms and dApps to work out what to do with their allocations.
PYTH token’s value was poised near $0.46 at the time of writing, up 104% since touching lows of $0.22 in early January. Binance’s recent listing saw PYTH price jump more than 25% and analysts predict that the token could breakout to above $1 in coming months.
PYTH traded to an all-time high above $0.54 on November 24. While it presents a tantalizing prospect for investors, most people who missed the first phase of the retrospective airdrop can look to other potential gems in the market.
Could the Memeinator (MMTR) be worth looking at?
What is Memeinator?
Memeinator is a meme coin project on a mission. Inspired by the Terminator action/Sci-fi movie, the Memeinator is a resistance leader returned to the bleak world of meme coins with one objective – rid the crypto space of low quality, speculative or hype-driven meme tokens. The mission brief has identified these projects as copycats or clones that have littered the market with worthless tokens.
Armed with real utility, including via the Meme Warfare game, the Memeinator has its eyes set on dominance. The $1 billion market cap is the first target when the MMTR token that’s currently in presale officially launches in the market.
So while a number of meme coin projects leverage AI, none has the clear mission of targeting subpar offerings in the space with a solid value proposition. With staking live and the Red Apple Technologies partnership heralding yet another global recognition, the Memeinator is strengthening its claim to be the meme that eventually rules them all.
Per its whitepaper, 62.5% of the total supply of 1 billion MMTR is available in presale to early birds. Currently, this phase of the project has reached stage 14, with MMTR priced at $0.0208 and more than $4.3 million raised so far.
Memeinator’s airdrop: Win $10k in MMTR
Memeinator tokenomics features a token burn mechanism and competition pool allocation, the latter of which offers exciting giveaways and airdrops.
In one of the biggest giveaways ever, the Memeinator has set aside $250k for a lucky winner. The prize will see a MMTR holder secure a once-in-a-lifetime trip to space aboard Virgin Galactic. Also huge is the $100k token airdrop that will see 10 individuals win $10,000 in MMTR each.
Details on theairdrop page shows participation is scheduled to conclude on March 13. There’s more about this project on the official website.
