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Movement, Nexus Labs, and More This Week

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Crypto airdrops farmers have ten valuable opportunities to receive free cryptocurrency tokens from projects backed by renowned investors.

These airdrops distribute free tokens to attract new users and expand communities. For crypto enthusiasts, the following airdrops present a chance to earn new tokens and engage with emerging projects.

Movement Network

Movement secured $41.40 million in a funding round co-led by Polychain Capital, Borderless Capital, Blizzard Fund, and dao5, with additional participation from Binance Labs.

While the MOVE network currently has no active tasks, users can claim their MoveDrop by connecting their EVM wallet used during registration. This initiative highlights the growing trend of incentivized participation in decentralized ecosystems.

“Someone farmed 36 wallets for Movement & got 90,000+. MOVE airdrop currently worth around $66,000,” said Tobi, an airdrop farmer.

MOVE airdrop was launched earlier today, on December 9, on Binance’s airdrop portal. The token also secured listings on South Korean exchanges Upbit and Bithumb. 

Nexus Labs

Nexus Labs aims to create a “Verifiable Internet” by leveraging the computing power of connected devices. After raising $27.20 million in a funding round co-led by Pantera Capital, DragonFly Capital, and Lightspeed Ventures, the network launched its testnet on December 9, lasting only four days.

Participants simply need to keep a browser tab open to share their internet speed, making it an accessible yet time-sensitive opportunity.

Vana

Vana raised $25 million in a round co-led by Coinbase Ventures, Polychain Capital, and Paradigm. Users can participate in its confirmed airdrop by running a node on a test network. With system requirements of 1 CPU, 8GB RAM, and 10GB of storage, Vana is targeting tech-savvy participants.

The project also announced the closure of its Telegram app on December 9, urging users to connect their wallets to preserve earned points.

“On Monday, December 9, at 9:00 am Pacific, we’ll be launching a new Nexus network testnet. The goal is to enable the Verifiable Internet. Watch our latest video to learn more about what we are building,” Vana said.

SynFutures

SynFutures, a decentralized exchange (DEX) for derivatives, completed a $36 million funding round co-led by Polychain Capital, Pantera Capital, and HashKey Capital.

The launch of its governance token, F, on December 6 marked a significant milestone, offering fee discounts, rewards, and governance rights to holders. BeInCrypto also reported plans to list the token on Bybit and Gate.io.

“The SynFutures Foundation will oversee growth, manage proposals, and collaborate with partners,” the team stated in a recent announcement.

Wormhole

Wormhole, a cross-chain bridge protocol, secured $225 million in funding with participation from Coinbase Ventures and Multicoin Capital. The project’s confirmed airdrop reflects its commitment to decentralization and community engagement. Meanwhile, token holders are rewarded for staking their W holdings.

“A minimum of 50,000,000 W is allocated for Reward Period 1 of the Wormhole Staking Rewards Program (SRP), currently active for all W holders on Solana, Arbitrum, Base, Optimism, and Ethereum,” Wormhole said.

XION

XION raised $36 million in a fundraiser supported by HashKey Capital, The Spartan Group, and Multicoin Capital. The project’s airdrop targets early adopters and contributors who played a vital role in its community development. Through this initiative, XION emphasizes rewarding loyalty and ecosystem engagement.

“You may be deemed a believer for the XION airdrop if you: Played a key role in the XION community’s growth, believing in the project from the beginning. Believed in and actively engaged with apps on the XION testnet. Earned special recognition from official XION community activities. Believed in something, across a wide variety of ecosystem partners,” one community member shared.

Taiko

Taiko, a Layer 2 scaling solution for Ethereum, raised $37 million in a funding round co-led by Hashed Fund, Lightspeed Ventures, and Hongshan. With its airdrop confirmed on December 5, Taiko aims to enhance decentralization by distributing tokens to early users and contributors.

“Taiko, a Layer 2 scaling solution on Ethereum, is giving out free tokens through their airdrop,” an official medium post read.

The Taiko airdrop rewards early users, developers, and community members. By joining, you can get free tokens and be part of Taiko’s future. With the Taiko airdrop, the project shares its tokens with the community.

Magic Eden

Magic Eden, a leading NFT platform, raised $159.50 million in a round led by Paradigm, with Coinbase Ventures and Sequoia Capital participating. The ME token, central to its ecosystem, is set for its airdrop on December 10. Pre-market trading suggests a value of $3-$4 per token, making it a potentially lucrative opportunity for participants.

“The ME token is currently trading in pre-markets at $3-4 USD per ME. Pre-markets should always be treated with caution, but give an initial indication of where the value might be heading,” said Azuki researcher wale.moca.

Jupiter

Jupiter announced a confirmed $860 million airdrop following a $137.50 million fundraiser. Known as “Jupuary,” this initiative will reward protocol users while filtering out opportunistic participants. Eligibility checks begin this month, with the airdrop scheduled for January.

“Jupuary is on. Jupiter DAO Passes Massive $860M ‘Jupuary’ Airdrop Vote. A snapshot of eligibility was taken in November. A link to check eligibility will be available later in the month, while the actual airdrop is scheduled for the following month,” said Marty Party, a popular user on X.

StarkNet

StarkNet, a Layer 2 solution on Ethereum, raised $282.50 million in a funding round co-led by Pantera Capital, Paradigm, and Sequoia Capital. While the project has not confirmed an airdrop date, ecosystem updates and integrations suggest exciting developments on the horizon.

“More integrations, better accessibility, and an ecosystem that never stops shipping… Another great week on Starknet, packed with tons of updates (and a new airdrop to claim,” said Brother Staknet Digger.

Overall, these crypto airdrops reflect significant developments within the blockchain space fueled by capital injections and community-driven incentives. From confirmed airdrops to novel testnets, these projects highlight the potential for a decentralized future of finance, computing, and internet connectivity.

As these projects progress, early adopters have the opportunity to shape and benefit from this growing ecosystem actively.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Solana (SOL) Price Risks Dip Below $110 as Bears Gain Control

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Solana (SOL) has dropped over 6% in the past seven days and has been trading below $150 since March 6. The current trend shows clear bearish signals across multiple indicators.

From a death cross to a rising ADX and a red Ichimoku Cloud, technicals suggest growing downside pressure. With SOL nearing key support, the next few days could be critical for its price direction.

SOL Ichimoku Cloud Paints A Bearish Picture

The Ichimoku Cloud chart for Solana shows a clear bearish structure, with price action trading below both the Kijun-sen (red line) and Tenkan-sen (blue line).

The Lagging Span (green line) is also positioned below the price candles and the cloud, reinforcing the negative outlook. The Kumo ahead is red and descending, suggesting that resistance remains strong in the near term.

SOL Ichimoku Cloud.
SOL Ichimoku Cloud. Source: TradingView.

Solana has struggled to break above short-term resistance levels and remains stuck in a downward channel. The thin nature of the current cloud suggests weak support, making the price vulnerable to further downside if bearish momentum continues.

For a reversal, Solana would need to break above the Kijun-sen and push decisively toward the cloud, but for now, the trend remains tilted to the downside.

Solana DMI Shows Sellers Are In Control

Solana’s DMI chart shows a sharp rise in the ADX, now at 40.87—up from 19.74 just three days ago.

The ADX (Average Directional Index) measures the strength of a trend, with values above 25 indicating a strong trend and values above 40 signaling a very strong one.

This surge confirms that the current downtrend in SOL is gaining momentum.

SOL DMI. Source: TradingView.

At the same time, the +DI has dropped from 17.32 to 8.82, while the -DI has climbed to 31.09, where it has held steady for the past two days.

This setup suggests that the sellers are firmly in control, and the downtrend is strong and also strengthening.

As long as the -DI remains dominant and ADX stays elevated, SOL is likely to remain under pressure in the short term.

Can Solana Drop Below $110 Soon?

Solana recently formed a death cross, a bearish signal where short-term moving averages cross below long-term ones.

It’s now approaching key support at $120—if that level breaks, Solana price could drop to $112, and possibly below $110 for the first time since February 2024.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

If bulls step in and buying pressure returns, SOL could rebound toward resistance at $136.

A breakout above that level may lead to a push toward $147, which acted as strong resistance just five days ago.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Top 3 Made in USA Coins to Watch This Week

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Made in USA coins are showing mixed signals as April begins, with XRP, SUI, and Pi Network (PI) standing out. XRP leads in market cap but also posted the biggest drop among the top 10, down 10.6% this week.

SUI is the only major gainer, up 3.8%, showing some strength despite broader weakness. Meanwhile, PI has been the worst performer, plunging over 23% and staying below $1 all week.

XRP

XRP is the largest Made in USA crypto by market cap, but it’s also down 10.6% over the last 7 days—the biggest drop among the top 10. This sharp correction could present an opportunity, especially with Trump’s “Liberation Day” event coming up on April 2.

If XRP builds an uptrend, it could push to test resistance at $2.22. A breakout there may lead to moves toward $2.47 and even $2.59 if momentum grows.

XRP Price Analysis.
XRP Price Analysis. Source: TradingView.

If the downtrend continues, XRP could revisit support at $2.06. A breakdown below that level might drag it further down to $1.90.

With volatility rising and a possible narrative shift on the horizon, XRP could be a key coin to watch this week.

SUI

SUI is the only among major Made in USA cryptos showing gains over the past week, up 3.8%, even though it’s still down 13% over the last 30 days. This resilience sets it apart from the rest of the pack.

In the last 24 hours, trading volume has dropped 15% to $767 million. The coin’s current market cap is $7.43 billion.

SUI Price Analysis.
SUI Price Analysis. Source: TradingView.

SUI’s EMA lines recently formed a death cross, hinting at a possible downtrend. If confirmed, the price could drop to $2.23, with further downside to $2.11 and $1.96.

If SUI manages to reverse the trend, it could climb toward $2.50. A breakout there would open the door to $2.83, nearly 20% higher from current levels.

Pi Network (PI)

Pi Network (PI) is the biggest loser among Made in USA cryptos this week, with its price down over 23% in the last seven days.

It has been trading below $1 throughout the entire week.

PI Price Analysis. Source: TradingView.

If sentiment shifts, PI could rebound toward resistance at $1.05. A breakout there might lead to a push-up to $1.23.

But if bearish pressure continues, PI could fall to test support at $0.718. A drop below that would send it to $0.62—its lowest level since February 21.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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3 Token Unlocks for April: Parcl, deBridge, Scroll

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Three major token unlocks involving PRCL, DBR, and SCR are set to take place in April. Parcl will unlock 161.7 million PRCL on April 16, followed by deBridge unlocking 1.11 billion DBR on April 17 and Scroll releasing 40 million SCR on April 22.

These events could significantly impact each token’s supply dynamics and short-term price action. With large allocations set aside for contributors, partners, and airdrops, these unlocks are worth watching closely.

Parcl (PRCL)

Unlock Date: April 16

Number of Tokens to be Unlocked: 161.7 million PRCL (16.2% of Total Supply)

Current Circulating Supply: 270.8 million PRCL

Total supply: 1 Billion PRCL

Parcl is a decentralized exchange that lets users trade real estate price movements without owning property. The ecosystem—made up of Parcl, Parcl Labs, and Parcl Limited—governs the Parcl Protocol, which offers synthetic exposure to real-world real estate markets. It allows users to go long or short on property prices across different regions.

On April 16, 161.7 million PRCL tokens, worth roughly $15.56 million, will be unlocked. This could increase the token supply and lead to short-term market volatility.

The unlock includes 92.4 million tokens for early supporters and advisors, and 69.3 million for core contributors. PRCL price is down 33% in the last 30 days and trading below $0.1 since yesterday.

Parcl Token Unlock.
Parcl Token Unlock. Source: Cryptorank.

deBridge (DBR)

Unlock Date: April 17

Number of Tokens to be Unlocked: 1.11 billion DBR (11.1% of Total Supply)

Current Circulating Supply: 1.16 billion

Total supply: 10 Billion DBR

deBridge is a cross-chain protocol that allows users to transfer assets and data between different blockchains. It aims to simplify interoperability and make decentralized applications more connected and efficient.

On April 17, 1.11 billion BDR tokens, worth around $32.19 million, will be unlocked. This unlock will nearly double the current circulating supply, adding roughly 95% more tokens to the market.

The allocation includes 400 million for core contributors, 340 million for strategic partners, and 176.93 million for the ecosystem. The rest goes to the community, foundation, and validators. Despite the upcoming unlock, deBridge has gained nearly 38% in the past month, with its market cap now nearing $34 million.

deBridge Token Unlock.
deBridge Token Unlock. Source: Cryptorank.

Unlock Date: April 22

Number of Tokens to be Unlocked: 40 million SCR (4% of Total Supply)

Current Circulating Supply: 190 million

Total supply: 1 Billion SCR

Scroll is a Layer 2 solution built to improve Ethereum’s scalability and efficiency. It uses zkRollup technology to lower transaction costs and increase throughput, helping ease issues like high gas fees and congestion.

On April 22, 40 million SCR tokens, valued at about $11.52 million, will be unlocked. This unlock could introduce added liquidity to the market and maybe renewed interest in Scroll. Its price is down roughly 46% in the last 30 days, with its market cap at $55 million, down from its peak of $265 in October 2024.

All 40 million tokens are allocated for airdrops.

Scroll Token Unlock.
Scroll Token Unlock. Source: Cryptorank.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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