Ethena Surges 13% as Coin Unlock Looms BlockDAG Hits 2,660% Growth Pepe Price Falls Toward Critical Support

Ethena (ENA) has surged by 13%, reaching $0.622 ahead of a significant coin unlock scheduled for August 6, involving 171.85 million coins. The rally has been accompanied by a 28% rise in trading volume and a 17.47% increase in Open Interest, indicating stronger market confidence. Exchange outflows and a Buy-Sell Delta of $4.63 million suggest accumulation is underway, with prices potentially moving toward $0.68–$0.70 despite upcoming supply pressure [1].

Meanwhile, Pepe (PEPE) continues to face downward pressure, with its price dropping to $0.00001042 and approaching the critical support level of $0.00001000. The asset has been forming lower highs, signaling a bearish trend. Resistance remains strong between $0.00001300 and $0.00001500, and without a strong reversal, further declines may follow [1].

BlockDAG (BDAG) has emerged as a strong contender in the 2025 crypto landscape, particularly with its innovative 10 BTC auction pool. Every BDAG purchase made before August 11 enters the buyer into the auction, with winners to be announced on August 15. The presale has already raised over $365.5 million, with 24.7 billion BDAG coins sold. The latest GLOBAL LAUNCH release offers a limited price of $0.0016 per coin, available only until August 11, representing a 3,025% potential return compared to the original launch price of $0.05 [1].

The auction and presale model have drawn significant miner participation, with $7.7 million collected through 19,000 mining units and over 2.5 million users engaging with the X1 app. BlockDAG’s price has increased by 2,660% from Batch 1 to Batch 29, reflecting robust growth and demand [1].

Among top crypto picks for 2025, Ethena, Pepe, and BlockDAG present contrasting dynamics. Ethena’s price rally, backed by rising volume and Open Interest, suggests continued upward momentum despite the large unlock. Pepe, however, faces ongoing downward pressure with weak buying interest and fading bullish momentum. BlockDAG, with its auction pool, presale success, and strong utility, stands out as a results-driven model, showing significant upside potential for early buyers [1].

Source: [1] BlockDAG 10 BTC Auction Fires Up as PEPE Drops and ENA Surges (https://coinmarketcap.com/community/articles/6896829355ec7778c0d49303/)