BlockDAG Hits 2.5M Miners and $359M Presale as BONK Rises 6% and PENGU Dips on $66M Sell-Off

BlockDAG’s X1 Miner App has reached 2.5 million users, making it one of the fastest-growing decentralized mining platforms in the crypto space. The app allows users to mine BDAG tokens directly from their smartphones without requiring specialized hardware or technical expertise. This user-friendly approach has driven rapid adoption, with more than $359 million raised through its ongoing presale, which is currently in Batch 29 at a price of $0.0016 [1]. Users can mine approximately 20 BDAG coins daily via the app, and those combining it with the X10 physical miner can increase output to 200 coins per day. The growing user base, coupled with the project’s early returns—some investors seeing over 2,660% returns—has positioned BlockDAG as a potential top crypto gainer for 2024 [1].

Meanwhile, Solana-based BONK has seen a 6% price increase, driven by strong on-chain volume and increased NFT activity. On July 28, BONK traded nearly 3.8 trillion tokens in a single hour, with a subsequent surge pushing per-minute volume beyond 115 billion tokens. This kind of high-intensity volume is often indicative of institutional interest or large-scale buying activity. Analysts suggest that BONK is forming strong support levels, which may help it stabilize and potentially push higher in the coming weeks [1].

In contrast, Pudgy Penguins (PENGU) has faced a $66 million sell-off from key insiders, causing its price to drop from a high of $0.45 to $0.42. The sell-off has triggered significant outflows and bearish momentum, with technical indicators like RSI showing signs of exhaustion. Despite a surge in retail demand from South Korean traders, particularly on the Upbit exchange, the token has struggled to maintain positive momentum. This kind of insider selling is often seen as a bearish signal, as it suggests a potential lack of confidence among core stakeholders [1].

The contrasting performances of BONK, PENGU, and BlockDAG reflect the highly volatile nature of the crypto market. While BONK and PENGU are both subject to rapid shifts in sentiment and liquidity, BlockDAG is building value through real-world adoption and user engagement. With over 2.5 million active users and a growing presale, the project is demonstrating the appeal of accessible, community-driven mining. However, as with all crypto projects, long-term success will depend on continued innovation, transparent governance, and real-world use cases.

Source: [1] TheCoinrise.com (https://thecoinrise.com/blockdag-hits-2-5m-miners-and-358m-raised-as-bonk-rebounds-6-and-pengu-faces-66m-sell-off-pressure-from-deployers/)