BlockDAG Presale Hits $353M as Kaspa Soars 97% and PUMP Crashes 56%

The cryptocurrency market is experiencing divergent trends as three key projects—BlockDAG, Kaspa, and PUMP—show contrasting performances. BlockDAG’s presale has raised over $353 million, with 24.5 billion BDAG coins sold at $0.0016 per token, signaling a potential end to its fundraising phase [1]. Meanwhile, Kaspa (KAS) has surged, with bullish sentiment reaching 97% and prices nearing $0.094 after breaking through key resistance levels. Conversely, PUMP has collapsed by 56%, plunging to $0.0030 from its peak of $0.0067, driven by immediate sell-offs from early participants [2].

BlockDAG’s presale has attracted sustained attention due to its hybrid proof-of-work (PoW) and directed acyclic graph (DAG) infrastructure, real-world mining hardware deployment, and initiatives like “Buyer Battles” that foster community engagement [1]. Early buyers have seen a 2,660% increase in holdings since batch 1, reflecting strong demand. The project has confirmed listings on 20 exchanges and is now in its 29th batch, with the $0.0016 price point remaining significantly lower than projected public market levels. Analysts note that the presale’s closing phase marks a strategic pivot to broader market exposure [1].

Kaspa’s upward trajectory has been supported by technical indicators, including a sustained position above its 30-period EMA since July. The asset’s price has tested $0.095 and faces potential resistance at $0.10. Futures activity has also surged, indicating heightened participation across market tiers. However, analysts caution that a drop below $0.088 could trigger a retreat to the $0.07 range, threatening recent gains [2].

PUMP’s sharp decline underscores risks associated with unregulated presale liquidity. Two high-volume wallets transferred $160 million in tokens to exchanges immediately post-launch, overwhelming order books and pushing prices below the initial offering price of $0.004. Despite buyback efforts and delayed reward distributions, the project has struggled to stabilize its value, highlighting the volatility of projects lacking structured release mechanisms [2].

BlockDAG’s progress contrasts with the market turbulence affecting PUMP and Kaspa. With miner deliveries underway and a confirmed transition to public exchanges, the project’s focus on long-term infrastructure and gradual adoption sets it apart. The final presale batch is scheduled to close on August 11, creating urgency for investors seeking discounted entry points [1].

Source: [1] [title] [https://coinmarketcap.com/community/articles/6886e8d671ff7b03ac7cb4c9/]

[2] [title] [https://coinmarketcap.com/community/articles/6886e8d671ff7b03ac7cb4c9/]