Bitcoin News Today: BlockDAG Aims for 3025% Return as August 11 Launch Looms With 10 BTC Auction

BlockDAG is building momentum ahead of its August 11 GLOBAL LAUNCH release and the conclusion of its 10 BTC Auction, creating a time-sensitive opportunity for investors. The project has raised $360 million and sold 24.46 billion coins across 29 presale batches, with the current Batch 29 price at $0.0276, representing a 2,660% return for early buyers. A final discounted price of $0.0016 is still available until the deadline, which could offer a 3,025% return if the token reaches its expected $0.05 listing price. The auction mechanism adds an additional incentive, with participants’ purchase volume directly influencing their share of the 10 BTC prize pool, effectively combining speculative investment with a chance for Bitcoin-based rewards [1].

Meanwhile, the broader crypto market shows diverging signals. Arbitrum’s ARB token is perched near the key $0.44 support level, where a successful hold could pave the way for a potential rise to $0.51 or even $0.55–$0.60. On-chain liquidity is concentrated near $0.30, making a breakdown a plausible downside risk. A confirmed close above resistance would be necessary for a bullish reversal [1].

BONK is gaining traction following a breakout from a six-week falling wedge pattern, a technical setup often associated with upward trend reversals. The price has reclaimed support near $0.00001450 and surged past that level, with a 38% rise in trading volume and growing open interest indicating renewed momentum. If this consolidation continues, the next resistance levels at $0.000018, $0.000022, and possibly $0.000026 could be within reach. On-chain flow metrics and derivatives activity also suggest ongoing accumulation and reduced selling pressure [1].

BlockDAG’s upcoming August 11 deadline creates a defined window for action. After this date, the special purchase price of $0.0016 and access to the 10 BTC auction will no longer be available. The calendar-driven structure of the presale and auction is a key differentiator, driving urgency among investors. Participation has been strong from the beginning, with early buyers already realizing substantial returns [1].

August is proving to be a pivotal month for crypto, with both bullish and bearish signals emerging across major tokens. While ARB faces a critical support test and BONK shows breakout momentum, BlockDAG is operating within a structured timeline, offering a rare combination of price upside and direct Bitcoin incentives. The market’s attention is firmly fixed on August 11, where the final phase of the presale and auction will conclude [1].

Source: [1] BlockDAG Ignites August 11 With GLOBAL LAUNCH Release And 10 BTC Prize As ARB Stabilizes And BONK Surges (https://coinmarketcap.com/community/articles/688ff921c2ab4f6a22e6a802/)