Solana sees 25% Price Drop after Stake inquires Drake mentioning WYNN

Jan 16, 2024 By: Nisha Kumari Image credit: The New York Times

WYNN’s startling twist

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How did this start?

[{"selector":"#anim-814b6c7b-b04b-4c50-80fb-18e405d16857","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-909b63a5-efe0-47d5-9f9f-00c983d506be","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d9d0ac9c-f6ca-47ac-a34c-36aa70155a03","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ec5ccb55-9f1a-46e0-ad34-957b0c18632b","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2db5fd20-862f-4e08-9bab-59ad911b0b45","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f63b422d-7b8d-4a47-a0c4-2407a86e63e9","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The meme token, adorned with a cartoon girl wearing glasses in its logo, originated from a playful incident after Drake's popular streams in late December 2023. Image credit: BNN Breaking

Drake’s humor on his alter ego

[{"selector":"#anim-9cc4bd0f-c015-4f32-aa30-f0eee4f64db4","keyframes":{"transform":["translate3d(-118.95425%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3dee0845-369c-4ba6-9cb6-0404c4af699b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-99d4e93a-5cf7-49f5-a43a-c8b25c251d41","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-1b0961f9-3162-4b21-b9ba-7d8727e635b8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-78c73323-fb68-4c6d-b031-c4d7d17ebcac","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6b35e377-86d4-4fa3-8e46-1f9bcb7ae6bd","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4d28c6a0-ee9b-4e5c-a1a6-26ab68bdfa1d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d0cef933-c2ab-4a4a-9a98-78865804724c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The rapper exhibited a cap featuring the character Anita Max Wynn , playfully proclaiming her as his alter ego. Image credit: Architectural Digest

Stale’s role

[{"selector":"#anim-ca5f76f1-0d3b-4153-bb84-2e31d93e102b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-42.96428561822771%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a14b2088-35ab-493f-ae74-497a9405479c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-42864150-fec1-4a35-a527-e3a7354b58eb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c4e9c40-acc8-4273-969e-db62f9e938b9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5120d87-3b1e-4eb6-8fab-5ebbbb2afe82","keyframes":{"transform":["translate3d(-97.42269%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3802e857-e540-462e-9012-f509c2709e51","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9c3ab971-da19-4287-804e-597352e294a6","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Drake's partner, Stake's X account investigated him, mentioning WYNN. Remarkably, after this announcement, WYNN faced a sell-off, leading to a more than 25% price drop. Image credit: Forekast News

WYNN’s recent surge

[{"selector":"#anim-2bef3614-8b99-4f34-81b9-ffe207303d96","keyframes":{"transform":["translate3d(-119.83472%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-84f708a7-91f1-4e1d-a12d-67d031f9160b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b7b880d9-af1a-485a-b322-80123b655c60","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-77761fc1-cc47-4778-8e6f-d090b9e1b486","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1eaf5c8d-9bfc-4561-9ab7-14d42288531c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-85934c3e-46b7-4599-96b2-687c49915edc","keyframes":{"transform":["translate3d(-96.64948%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ed5f119-bc24-4e97-82fd-aa5721dd138e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-48e64cff-11a6-4feb-9e08-ab78e33a1236","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] In its latest surge, Anita Max Wynn experienced a staggering 350% increase, reaching a price of $0.056. Image credit: Decrypt

Suspicious insider trading

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Future challenges

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