- Crypto liquidations near $1B as XRP, DOGE plunge; Ethereum leads with $200M in long positions wiped out in 24 hours.
- WeWake launches new crypto presale at $0.0100, offering walletless, gasless Web3 access with social login support.
- WeWake roadmap targets Testnet by Q1 2026 and Mainnet by Q2, with WAKE token utilities including staking and governance.
Crypto liquidations have surged to nearly $1 billion in the last 24 hours, driven by sharp price drops in major altcoins. As XRP and Dogecoin plunged by 10%, traders holding long positions lost hundreds of millions. Amid this, WeWake, a new player, has entered the market launching its new crypto presale at just $0.0100 per token, offering a wallet-free and gasless Web3 onboarding experience.
Crypto Liquidations Soar Amid Altcoin Sell-Off
The digital asset market experienced widespread liquidations after altcoins dropped sharply. According to CoinGlass, over $967 million in derivatives positions were liquidated in just one day. A large portion of these losses came from long positions, which accounted for $829 million.
Source: Coinglass
Ethereum led with $200 million in liquidations, followed by XRP at $115 million and Bitcoin at $84 million, despite relatively stable price movement. Dogecoin and Solana also saw major losses, each contributing over $50 million. Data also shows a sharp increase in open interest among altcoins, rising from $26 billion to $44 billion in July alone. This spike in leverage likely triggered the sudden wave of forced liquidations.
WeWake Launches Crypto Presale with Walletless Access
As market volatility rises, WeWake has launched its crypto presale with a unique solution aimed at easing user entry into Web3. The presale is currently in Stage 2, and the token is priced at $0.0115, while the expected listing price is $0.15. WeWake removes the need for crypto wallets, seed phrases, or gas fees. Users can access dApps by logging in with Google or Telegram.
The WeWake ecosystem uses ERC-4337 smart contract wallets created during login. It also includes a built-in Paymaster system that sponsors gas fees, allowing users to make transactions without holding ETH. With OAuth and MPC authentication, the platform ensures secure and fast access. Developers can use WeWake’s SDK to integrate walletless onboarding into DeFi apps, NFT projects, or social platforms.
The presale helps fund the development of WeWake’s zk-rollup Layer 2 chain, aiming to improve scalability and cost-efficiency for decentralized apps. The project plans to serve a wide range of sectors, including Telegram bots, Web2 platforms, e-commerce, and public services.
Roadmap and Tokenomics Behind WeWake’s New Crypto Presale
WeWake has set a detailed roadmap, starting with core development in Q4 2025, including its zk-rollup infrastructure, ERC-4337 integration, and Paymaster design. A public Testnet is scheduled for Q1 2026, offering developers a sandbox to test gasless, walletless dApps. The Mainnet launch is expected in Q2 2026, followed by broader ecosystem growth in Q3 2026.
Tokenomics for the WAKE token are structured to support network operations and community growth. The total supply is 308,726,951 tokens. The allocation includes:
- 32% for presale
- 14% for ecosystem incentives
- 12% for treasury and governance
- Other portions are reserved for staking, marketing, liquidity, and reserves
WAKE token holders will be able to participate in governance, earn staking rewards, and access discounts or rewards through dApp usage. Early buyers gain priority in integrations and staking programs.
The team also plans to launch a Telegram Mini App for instant wallet creation and swapping. Developers are encouraged to apply for SDK access or participate in the Developer Grant Program.
WeWake’s new crypto presale is live and offering early access to its walletless, gasless Layer 2 solution. As crypto markets face volatility and large-scale liquidations, WeWake is focusing on accessibility and ease of use, making it easier for both developers and users to enter Web3.
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