XRP News Today: SHIB Absorbs 200T Whale Dump XRP Faces Utility Criticism BlockDAG Presale Hits $363M

The cryptocurrency market is experiencing heightened volatility as investor sentiment shifts across major tokens. Shiba Inu (SHIB) absorbed a significant whale dump of approximately 200 trillion SHIB over three days, yet the price remained relatively stable around $0.00001400. This resilience was attributed to increased buying from retail investors who offset the large-scale sell-off [1]. Despite the pressure, SHIB continues to trade above its 20, 50, and 100-day exponential moving averages, with a Relative Strength Index (RSI) at 54, suggesting a neutral to bullish outlook [1].

In contrast, XRP has faced sharp criticism from Wall Street, particularly from former Salomon Brothers executive Fred Krueger, who dismissed the token as lacking real-world utility. Krueger cited a 2020 study indicating that 96% of XRP transactions lacked economic value, challenging Ripple’s claims of practical use cases in cross-border payments and NFTs [1]. While XRP supporters highlighted ongoing real-world activity, the negative commentary has sparked concerns over the token’s long-term sustainability and credibility. The ongoing debate underscores the broader challenge XRP faces in proving its utility beyond speculative trading [1].

Meanwhile, BlockDAG is emerging as a strong contender with a presale that has already raised over $363 million, making it one of the largest in crypto history [1]. The project is currently offering its tokens at a limited-time price of $0.0016, a price set to rise to $0.0276 after August 11, creating a potential 17x price advantage for early buyers [1]. With confirmed listings on major exchanges including MEXC, BitMart, and CoinStore, BlockDAG is demonstrating tangible traction through live tools such as Dashboard V4, real-time charts, and the X1 mining app [1].

Unlike SHIB and XRP, which remain heavily influenced by market sentiment and speculative behavior, BlockDAG appears to be building value through actual product development and real-time user engagement. The project has also introduced a 10 BTC Auction, rewarding users for early participation [1]. This approach sets BlockDAG apart from more speculative assets, offering a clear roadmap and immediate returns for investors.

While SHIB's price held firm following the whale dump and XRP faces ongoing utility skepticism, BlockDAG is showing stronger fundamentals. The project’s presale success, combined with live features and exchange support, positions it as a unique opportunity in the current market [1].

Source: [1] SHIB Absorbs 200T Whale Dump, XRP Faces Wall Street Criticism, BlockDAG’s $0.016 Offer Enters Final Days, Presale Hits $363M! (https://coinmarketcap.com/community/articles/68936ca097a6d14cbbcf5810/)