This week’s market activity has been marked by significant movements in several cryptocurrencies. Ethena (ENA) experienced a notable price surge after being listed on a major exchange in South Korea. The token’s value jumped by 19.27%, rising from approximately $0.327 to $0.390 before stabilizing around $0.357. This listing on the exchange, which supports Ethereum-based deposits and trading pairs in KRW, BTC, and USDT, has injected new momentum into Ethena’s market presence. Despite over 210 million tokens set to unlock this month, Ethena’s price has remained robust, indicating that the market continues to see value in the token despite the supply increase.
Meanwhile, the PEPE price outlook has improved significantly, driven by a 17% price increase over the past day. This rally is attributed to Bitcoin’s surge to $116,000, a wedge breakout, and substantial whale activity. Technical indicators such as MACD and RSI have confirmed the bullish trend, while whales have accumulated more than 9 trillion PEPE off exchanges in just two weeks. This heavy buying has reduced the supply and added upward pressure on the price. Although charts indicate a near-term overbought zone, the PEPE price outlook remains strong, with traders eyeing $0.000014 as the next target.
In contrast, BlockDAG (BDAG) is taking a different approach. The project is offering buyers a limited-time opportunity to unlock 80% of their BDAG coins on launch day using the BEAT VESTING PASS. This offer, which is double the standard amount, is available for only two days. This early unlock feature is designed to provide more liquidity during the most active market periods, potentially offering buyers a strategic advantage. Additionally, BlockDAG has introduced a Wallet Change feature, allowing users to update their wallet addresses from their profiles, enhancing control and convenience before the global launch on August 11.
The project’s success is evident in its fundraising efforts, having raised over $338 million and sold 23.8 billion coins. BDAG’s price has surged by 2,660% since the first batch, and even with batch 29 priced at $0.0276, the token is still available at $0.0016 for a limited time. This has sparked a rush in activity as the launch date approaches. Some analysts have set long-term targets for BDAG as high as $10, driven by the project’s presale progress, time-limited pricing, and unique launch setup. As the August 11 deadline nears, BlockDAG is attracting significant attention, positioning itself as one of the top cryptocurrencies to invest in before this limited window closes.
Overall, the market is experiencing a shift in momentum. Ethena’s price has risen following its exchange listing, and the focus is now on whether this momentum can be sustained despite upcoming token unlocks. PEPE’s price outlook has been bolstered by Bitcoin’s rally and whale activity, but its next move will depend on broader market trends. BlockDAG, with its BEAT VESTING PASS offering 80% unlock at launch, is carving its own path, drawing more interest as the launch date approaches. The combination of its active presale, short-term pricing, and unique launch features makes BlockDAG a standout project in the current market landscape.
