ENA Price Drops 4% Amid $10 Million Unlock Event TON Price Stalls at $2.79 Amid Bearish Pressure BlockDAG Distributes 50 Million Coins Daily Ahead of Launch

The Ethena (ENA) price trend has been under pressure as a $10 million unlock event approaches. The recent release of 40 million ENA tokens, valued at approximately $10.34 million, has caused the price to drop by 4% to $0.2546. The Ethena price trend is currently cautious, stuck below the resistance level of $0.265. Technical indicators, such as the Relative Strength Index (RSI) at 41.4, suggest weak momentum. If the price remains above $0.25 and volume improves, the trend may stabilize. However, a drop below $0.245 could lead to further losses. The market's handling of the unlock will be crucial in determining short-term movements.

The Toncoin (TON) price chart has been in a tight range around $2.79, with no significant movements. The price has not broken above $2.80, keeping bulls and bears in a state of equilibrium. A push above this level with sufficient volume could lead to a move towards $3.00 to $3.40. Conversely, a drop below $2.70 could result in a slide to $2.20 or $2.00. The RSI is around 39, indicating ongoing bearish pressure, but there is still potential for a bounce. Until the price clearly moves above $2.80 or below $2.70, it remains in a wait-and-see zone.

While many in the Web3 space are watching from the sidelines, BlockDAG is actively distributing 50 million BDAG coins daily through its Buyer Battles feature. This initiative not only provides access to BDAG but also offers a strategic way to grow holdings. Coins that are not purchased within the 24-hour period are awarded to the top buyer of the day, creating an opportunity to increase holdings without additional spending. With a fixed price of $0.0016 until August 11, participants can lower their average price per coin and gain more coins at no added cost. This approach encourages active participation and strategic buying, rather than passive market watching.

BlockDAG’s presale has already raised $334 million, with 23.7 billion coins sold. The GLOBAL LAUNCH is scheduled for August 11, but until then, the daily price remains fixed, and Buyer Battles continue to offer ongoing opportunities to build positions. This active engagement contrasts with other Web3 projects that are currently holding back, waiting for the next market move. BlockDAG’s strategy of rewarding activity and consistency is already showing results, with participants focused on building size ahead of the launch.