"ADA Enthusiasts Dump 330M Coins; PEPE Bulls Eye 55% Gain; BlockDAG Presale Surges 350%"
Crypto markets are abuzz with significant developments, as investors and traders make strategic moves that could shape the future of digital assets. One of the most notable events is the sell-off of 330 million ADA by Cardano (ADA) enthusiasts, which has sparked debates about the coin's prospects. Meanwhile, PEPE traders are holding strong at a critical level, hoping for a potential 55% rise if the momentum continues. However, the most vigorous purchasing action is at BlockDAG's presale, where a 350% bonus is drawing both large and small buyers eager for a strong growth chance before it hits the exchanges.
Cardano (ADA) has seen a significant sell-off of over 330 million ADA, leading to a 9.8% drop in a day and a 19.1% decrease over the week. This considerable selling pressure has raised concerns about the coin's stability. Despite the sell-off, on-chain data indicate a 4.79% rise in new wallet creations and a nearly 12% increase in active engagement, showing sustained interest in the network. However, the lack of re-engagement from large holders suggests a careful strategy by big holders, restraining the chances for a quick rebound. If purchasing pressure doesn’t resume shortly, ADA’s downward trend might continue, with smaller traders watching cautiously for signs of a comeback.
PEPE traders are upholding an important support level near $0.00000996, with a $14 million outflow of PEPE hinting at accumulation by major buyers. This indicates a belief in an upcoming breakout if the momentum keeps up. Currently, long positions worth $1.90 million show bullish sentiment, while short sellers seem overstretched at $0.00001044. Analysts believe that if PEPE keeps support above $0.00000905, it could climb by up to 55% to $0.00001625. However, the meme coin market remains highly unpredictable, and this price action will be key in setting the next trend. If momentum shifts against the bulls, downside risks could grow, leading to further pullbacks.
BlockDAG’s presale has skyrocketed with a 350% bonus, offering 350 
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