BlockDAG Presale Hits $336 Million, Coin Price Soars 2,660% Shiba Inu Burn Rate Surges 10,800%, Price Jumps 3.66% Solana Faces Downward Pressure, Trades Near $147

BlockDAG, a blockchain project, has made significant strides with its presale reaching $336 million and selling 23.8 billion coins. This achievement is coupled with strategic partnerships with the Seattle Seawolves and Seattle Orcas, bringing blockchain technology into real-world sports experiences. The project offers digital collectibles, behind-the-scenes access, and interactive NFTs, enhancing fan engagement and showcasing the practical applications of Web3 technology. The presale, which started at $0.001 in Batch 1, has seen the coin price climb to $0.0276 in Batch 29, marking a 2,660% increase. The final launch price is set at $0.05, with a limited-time offer of $0.0016 available until August 11 as part of the GLOBAL LAUNCH release. This offer presents a 3,025% return opportunity at launch, making BlockDAG one of the most promising crypto picks for 2025.

Meanwhile, Shiba Inu (SHIB) experienced a sudden 10,800% spike in its burn rate, briefly lifting its price by 3.66%. This burn rate increase involved more than 9.5 million SHIB coins being sent to inactive wallets, reducing overall circulation and boosting buyers’ confidence. The Relative Strength Index (RSI) has moved above oversold levels, indicating a potential upward move. However, trading volume remains low, suggesting caution among traders as they await further momentum. The community's continued support for these burns could sustain SHIB's upward trajectory in the coming days.

Solana (SOL) is currently trading near the $147 mark, with traders closely monitoring the market as bulls and bears face off. The current trend shows a descending broadening wedge, which could lead to a bigger drop. Analysts predict that if selling pressure continues, prices could fall to the $120 to $125 range. Short positions in SOL have risen sharply, reaching $78.42 million, much higher than long positions, indicating that many are betting on a price fall. Trading volume has dropped by nearly 50%, signaling market hesitation. A key support level is at $141, and if SOL falls below this point, it might accelerate the downward move. On the other hand, the next resistance is at $160, and if SOL can break above that, it might help the price recover. However, the current pressure is heavy on the downside, and traders are exercising caution.