Bitcoin News Today: BlockDAG Presale Hits $363M With 10 BTC Auction Driving Momentum

August’s cryptocurrency market is marked by a convergence of potential breakout candidates and a unique presale-driven opportunity. Sui (SUI) is consolidating within a $2.79 to $2.63 range, where analysts see building momentum and potential for a rally. Institutional support, including a $450 million Treasury Strategy allocation, has added weight to its long-term narrative [1]. Chainlink (LINK) is also showing signs of upward pressure near $16.45, forming a wedge pattern that could lead to a move toward $30 if it holds key support levels [2].

However, it is BlockDAG (BDAG) that has captured growing attention, particularly with the launch of its 10 BTC Auction Pool. The project has already raised $363 million, selling over 24.7 billion BDAG coins. The auction operates on a proportional reward model, where larger purchases increase chances of claiming a share of the 10 BTC prize—currently valued at over $1.1 million—and winners will be selected on August 15 [3]. The fixed price of $0.0016 for BDAG remains in place until August 11, after which the price will begin rising toward the projected $0.05 launch price, representing a potential 3,025% return for early buyers [4].

The project’s ecosystem is also showing strong engagement, with over 19,000 miners sold for more than $7.6 million, 2.5 million mobile app users, and 200,000 holders. A live trading dashboard and active miner sales have demonstrated tangible progress, distinguishing BlockDAG from projects still in theoretical development [5].

While SUI and LINK remain in consolidation phases, BlockDAG is already delivering measurable activity. The 10 BTC Auction is turning the final days of its presale into a competitive sprint, offering not only early access but also immediate incentives. This contrasts with the speculative nature of other projects and highlights BlockDAG’s structured approach to growth and engagement [6].

The market is now closely watching whether these dynamics will translate into sustained price movement. SUI’s potential breakout from its key support zone and LINK’s wedge pattern remain under scrutiny, but BlockDAG’s combination of presale success, auction incentives, and growing user base makes it the most active story as the August 11 deadline approaches [7].

Source:

[1] https://coinmarketcap.com/community/articles/6892042c305a424e52fc54f4/

[2] https://coindoo.com/solana-faces-technical-resistance-sui-builds-quantum-safe-architecture-while-blockdags-0-0016-entry-closes-august-11/

[3] https://crypto-economy.com/blockdags-10-btc-auction-eths-etf-surge-and-spxs-record-highs-why-bdag-is-the-top-crypto-to-buy-before-august-11/

[4] https://coindoo.com/blockdags-363m-presale-accelerates-as-10-btc-auction-and-1-bdag-targets-drive-buying-rush/

[5] https://techbullion.com/blockdag-raises-361m-and-launches-live-dashboard-as-eth-hits-3787-and-sui-targets-8/

[6] https://coindoo.com/blockdags-10-btc-auction-eths-etf-surge-and-spxs-record-highs-why-bdag-is-the-top-crypto-to-buy-before-august-11/

[7] https://xt.com/en/blog/community-news/2025-08-05T13:40:28.000Z