Bitcoin News Today: Shiba Inu Whale Liquidates 15.28 Trillion SHIB for $109 Million Gain

SHIB and DOGE have both shown signs of waning momentum in recent trading activity, with market behavior indicating a shift in focus toward newer projects offering more tangible utility and active engagement. Shiba Inu, once a breakout meme coin, has entered a quieter phase, with whale activity declining and price volatility subsiding. One prominent whale, however, continues to draw attention by strategically liquidating portions of a 15.28 trillion SHIB position, which has now generated $109 million in realized gains while retaining a 2.15 trillion SHIB stake valued at $52 million [1]. Despite this, SHIB remains far removed from its 2021 peak, with traders largely sidelined as new opportunities gain traction [2].

Dogecoin is also experiencing a period of consolidation, hovering near the critical $0.19 support level following a 30% correction from July’s local high. Short-term technical indicators suggest a potential rebound, with the 4-hour RSI flashing signs of a recovery that could mirror its June performance. On-chain futures data reveals that long positions are outpacing short positions by more than 3 to 1 across major exchanges, signaling growing bullish sentiment [3]. If DOGE regains momentum, the $0.34 resistance level becomes the next key target, potentially re-establishing its status as a top meme coin in the eyes of traders [4].

Meanwhile, BlockDAG (BDAG) has emerged as a standout in the current crypto landscape with its innovative approach to presale engagement. The project has launched a live trading dashboard ahead of any formal exchange listing, offering participants real-time buy and sell access, price charts, and wallet balance tracking. This level of interactivity is uncommon in the presale phase, where most projects restrict trading until post-listing. BlockDAG is also running a 10 BTC auction to incentivize active participation, rewarding users based on their pre-August 11 purchase volume [5].

The project has already raised $365.5 million and sold 24.8 billion tokens, with the current price for Batch 29 at $0.00276. However, a special $0.0016 price remains active for a limited window, creating a rare opportunity for early buyers [6]. Analysts are projecting potential early listing targets at $1 and long-term goals beyond $10, though these are speculative and should be viewed as forecasts rather than guarantees [7].

As SHIB and DOGE struggle to regain their earlier traction, the market appears to be shifting toward projects that offer real-time engagement and utility. BlockDAG’s live trading features and 10 BTC auction represent a novel strategy to maintain momentum before launch, setting it apart in a crowded space. The urgency of the August 11 deadline is intensifying activity, with both traders and investors closely watching the unfolding developments [8].

Sources:

[1] SHIB Cools, DOGE Hovers at $0.19, BlockDAG Opens Live Trading With 10 BTC Auction (https://coinmarketcap.com/community/articles/68964b7dd931b103e61657b0/)