BlockDAG's No-Code Platform Drives 18.8B Coin Sales, $212M Raised

Generated by AI AgentCoin World
Sunday, Apr 6, 2025 1:16 pm ET2min read

BlockDAG has launched its beta testnet, showcasing its technological prowess with a no-code token and NFT creation wizard. This innovation allows anyone to create and launch Web3 projects without needing to write a single line of code, making it accessible to a broader audience. The platform's simplicity and utility are driving demand for its native coin, BDAG, as every token or NFT created through the wizard uses BDAG to function. This creates a chain reaction where more users mean more transactions, directly boosting the coin's value.

The beta testnet, which went live on March 28, includes several key features such as an upgraded blockchain explorer, faucet access, and a creator-friendly dashboard. Additionally, a $60,000 reward pool has been established, with $2,000 in BDAG allocated to the top 10 users based on wallet activity, mining performance, and balance. Over 110,000 users are already testing the network, contributing to its development before the mainnet launch. The presale of BDAG is currently in batch 27, with the coin priced at $0.0248. Over 18.8 billion coins have been sold, raising more than $212 million so far, indicating strong traction from both users and builders.

Meanwhile, the Shiba Inu (SHIB) price continues to drop despite the growth of the Shibarium network. SHIB is currently priced at $0.00001226, down 8.28% over the past week and nearly 55% year-over-year. Despite increased network use, 62% of holders are still sitting on losses. Burn rates have not significantly impacted the price, with only 37.6 million tokens burned in the past 24 hours, a 60% drop from the previous day. The trading volume is down 40% in 24 hours, and with large holders owning 74% of the supply, price swings remain unpredictable. Without stronger demand or consistent burns, the Shiba Inu (SHIB) price drop could continue, potentially adding another zero and pushing holders further into the red.

Cardano (ADA) has also seen significant whale action, with 120 million ADA sold off in just two days. This sell-off reduced the holdings of large wallets (1M–10M ADA range) from 5.84 billion to 5.71 billion. ADA's price slid to $0.61 before bouncing back to $0.66, but the weekly drop still stands at nearly 6%. Whale concentration has dipped to 8.48%, while retail holders now control 71.17% of the supply. Ownership trends show short-term traders are exiting fast, with a 16.36% drop in that group. Despite the sell pressure, institutional inflows remain strong. Cardano-focused ETPs saw $0.6 million in new inflows last week, pushing 2025 totals to $70 million. While Cardano (ADA) whale action has weighed on short-term performance, long-term interest from institutions is holding steady.

The Shiba Inu (SHIB) price drop and ongoing Cardano (ADA) whale action are putting pressure on both communities, with sell-offs, weak burns, and trading slowdowns adding to concerns. While holders wait for a turnaround, new builders are shifting focus toward platforms that offer more utility and ease of use. BlockDAG is stepping in with its no-code token and NFT creation wizard, opening the door for anyone to launch on Web3 without needing dev experience. Every action on the platform uses BDAG, so more creators directly mean more coin usage. For those looking at crypto coins to buy now, BlockDAG isn’t just hype—it’s delivering tools people are actually using. And with the presale hitting over $212 million, BDAG’s momentum keeps growing.

Quickly understand the history and background of various well-known coins

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet