Crypto whales are accumulating CYCLE, CLANKER, and CANDLE ahead of the TRUMP gala dinner set for May 22. CYCLE saw whale holdings surge 276% in the last 24 hours, driven by its automated on-chain burn mechanism.

CLANKER, the native token of Tokenbot on the Base chain, recorded a 30.85% jump in whale accumulation as Base continues to dominate DEX activity. Meanwhile, CANDLE—part of the growing Solana launchpad wave—posted a 47.83% increase in whale holdings.

CYCLE

Cycle is an on-chain token burn mechanism powered by PumpSwap transaction fees. Every CYCLE transaction triggers a portion of the token supply to be permanently burned, reducing circulation over time.

Since launch, more than 11% of the total 1 billion CYCLE supply has been burned, with over 60 SOL spent toward these automated, immutable burns.

Users can also vote on burn events if they hold at least 100,000 tokens, giving the community partial control over the process. Additional tools allow for the burning of any SPL token or NFT on-chain.

Launched just seven days ago, CYCLE has reached a market cap of $4.6 million.

Whale accumulation is accelerating quickly, with the amount of CYCLE held by large wallets rising 276% in the last 24 hours alone—from