{"id":202398,"date":"2023-11-29T00:03:26","date_gmt":"2023-11-28T18:33:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=202398"},"modified":"2023-11-29T00:03:26","modified_gmt":"2023-11-28T18:33:26","slug":"solana-token-pyth-pumps-following-77-million-airdrop-for-defi-users-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/solana-token-pyth-pumps-following-77-million-airdrop-for-defi-users-crypto-news\/","title":{"rendered":"Solana Token Pyth Pumps Following $77 Million Airdrop for DeFi Users – Crypto News"},"content":{"rendered":"
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The native token of DeFi oracle network Pyth has surged in price and is one of today’s leaders in the altcoin rally.<\/p>\n

The Solana-based Pyth (PYTH) token is up more than 10% in the past day and 35% over the week. It’s currently trading hands for $0.42, according to CoinGecko.<\/p>\n

The anticipated Pyth airdrop happened<\/a> last week, offering up about 250 million of its Solana-based tokens to early users. The airdrop was valued at roughly $77 million at the time. The same amount would be worth $105 million today.<\/p>\n

If you aren’t sure if you qualify for the airdrop<\/a>, you can follow the instructions provided by the Pyth team, as Decrypt<\/i> previously reported<\/a>. Sorry U.S. users, you’re out of luck\u2014the United States was among the jurisdictions excluded from the airdrop, presumably over regulatory concerns.<\/p>\n

Meanwhile, another airdropped token, Celestia’s TIA, is up nearly 13% today, trading at a price of $6.18\u2014making it the best-performing cryptocurrency right now.<\/p>\n

Elsewhere, Solana (SOL), the seventh biggest digital asset by market cap, is up nearly 4%, trading hands for $56 per coin. The asset exploded in price<\/a> throughout November as big investors showed interest in the asset; over the past month, it’s up over 70%.<\/p>\n

And of the other top 20 biggest coins and tokens, Dogecoin (DOGE) is also up significantly: over the past 24 hours it’s up nearly 4%\u2014trading hands for $0.08.<\/p>\n

Bitcoin, the biggest digital asset by market cap, is up nearly 3% over the past day and is trading for just over
$38,000. Interest in the crypto space from institutional investors continues to bring with it cash<\/a>\u2014with a focus on Bitcoin.<\/p>\n

\u00a0<\/span><\/p>\n

This is because there is optimism that the U.S. Securities and Exchange Commission will soon approve a spot Bitcoin ETF product after the best part of a decade, allowing traditional investors to gain exposure to the digital coin without buying or holding BTC directly.<\/p>\n

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Disclaimer<\/p>\n

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.<\/p>\n<\/div>\n

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<\/p>\n

Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The native token of DeFi oracle network Pyth has surged in price and is one of today’s leaders in the altcoin rally. The Solana-based Pyth (PYTH) token is up more than 10% in the past day and 35% over the week. It’s currently trading hands for $0.42, according to CoinGecko. The anticipated Pyth airdrop happened […]<\/p>\n","protected":false},"author":2,"featured_media":202399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-202398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=202398"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202398\/revisions"}],"predecessor-version":[{"id":202405,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202398\/revisions\/202405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/202399"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=202398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=202398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=202398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}