Cardano's ADA Token Plummets 3.46% Amid $200K Liquidations, Apeing Presale Burns 600M Tokens
Cardano's ADA token plummeted 3.46% in just one hour to $0.2458 on September 30, with $200,000 in liquidations occurring across Binance, Bybit, and OKX. The sudden move pushed the ADA price lower, with the token currently trading near $0.2485, down 1.62% over 24 hours. This sharp decline in ADA's price has sparked increased trading activity, with the token's 24-hour trading volume climbing 12.77% to $535.74 million.
In contrast, Apeing, a community-driven meme coin, is taking a different route as it progresses through its 33-stage presale. The project has already completed three successful burn events, with 600 million $APEING tokens burned across these stages. Apeing's presale is structured around clear milestones, with each stage carrying a defined allocation and changing price. Unsold tokens are subject to burning through a smart contract, which can help reduce the token supply and make the token's ecosystem more defined.
Apeing's staking structure offers different APYs for larger purchase tiers, with the Giga Ape tier offering an 85% APY and a claim period of just one day after listing. The project also has a referral program in place, which rewards holders for referring new buyers with 10% additional tokens. Apeing's presale is attracting attention, with over $113,000 raised and 449+ holders already participating.