- Crypto liquidations close to $1B as XRP, DOGE plunge; Ethereum leads with $200M in lengthy positions worn out in 24 hours.
- WeWake launches new crypto presale at $0.0100, providing walletless, gasless Web3 entry with social login assist.
- WeWake roadmap targets Testnet by Q1 2026 and Mainnet by Q2, with WAKE token utilities together with staking and governance.
Crypto liquidations have surged to just about $1 billion within the final 24 hours, pushed by sharp value drops in main altcoins. As XRP and Dogecoin plunged by 10%, merchants holding lengthy positions misplaced a whole bunch of thousands and thousands. Amid this, WeWake, a brand new participant, has entered the market launching its new crypto presale at simply $0.0100 per token, providing a wallet-free and gasless Web3 onboarding expertise.
Crypto Liquidations Soar Amid Altcoin Promote-Off
The digital asset market skilled widespread liquidations after altcoins dropped sharply. In line with CoinGlass, over $967 million in derivatives positions have been liquidated in simply someday. A big portion of those losses got here from lengthy positions, which accounted for $829 million.
Supply: Coinglass
Ethereum led with $200 million in liquidations, adopted by XRP at $115 million and Bitcoin at $84 million, regardless of comparatively secure value motion. Dogecoin and Solana additionally noticed main losses, every contributing over $50 million. Knowledge additionally exhibits a pointy improve in open curiosity amongst altcoins, rising from $26 billion to $44 billion in July alone. This spike in leverage possible triggered the sudden wave of pressured liquidations.
WeWake Launches Crypto Presale with Walletless Entry
As market volatility rises, WeWake has launched its crypto presale with a singular answer aimed toward easing person entry into Web3. The presale is at present in Stage 2, and the token is priced at $0.0115, whereas the anticipated itemizing value is $0.15. WeWake removes the necessity for crypto wallets, seed phrases, or gasoline charges. Customers can entry dApps by logging in with Google or Telegram.
The WeWake ecosystem makes use of ERC-4337 good contract wallets created throughout login. It additionally features a built-in Paymaster system that sponsors gasoline charges, permitting customers to make transactions with out holding ETH. With OAuth and MPC authentication, the platform ensures safe and quick entry. Builders can use WeWake’s SDK to combine walletless onboarding into DeFi apps, NFT tasks, or social platforms.
The presale helps fund the event of WeWake’s zk-rollup Layer 2 chain, aiming to enhance scalability and cost-efficiency for decentralized apps. The challenge plans to serve a variety of sectors, together with Telegram bots, Web2 platforms, e-commerce, and public providers.
Roadmap and Tokenomics Behind WeWake’s New Crypto Presale
WeWake has set an in depth roadmap, beginning with core growth in This fall 2025, together with its zk-rollup infrastructure, ERC-4337 integration, and Paymaster design. A public Testnet is scheduled for Q1 2026, providing builders a sandbox to check gasless, walletless dApps. The Mainnet launch is anticipated in Q2 2026, adopted by broader ecosystem development in Q3 2026.
Tokenomics for the WAKE token are structured to assist community operations and neighborhood development. The full provide is 308,726,951 tokens. The allocation consists of:
- 32% for presale
- 14% for ecosystem incentives
- 12% for treasury and governance
- Different parts are reserved for staking, advertising, liquidity, and reserves
WAKE token holders will have the ability to take part in governance, earn staking rewards, and entry reductions or rewards by dApp utilization. Early consumers acquire precedence in integrations and staking packages.
The crew additionally plans to launch a Telegram Mini App for immediate pockets creation and swapping. Builders are inspired to use for SDK entry or take part within the Developer Grant Program.
WeWake’s new crypto presale is reside and providing early entry to its walletless, gasless Layer 2 answer. As crypto markets face volatility and large-scale liquidations, WeWake is specializing in accessibility and ease of use, making it simpler for each builders and customers to enter Web3.
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