Ethereum News Today: BONK Dips 6% Amid Nasdaq Investment as BlockDAG Surpasses $374.5M in Presale

This week’s crypto market action has been marked by sharp price movements, technical turning points, and strategic new developments that are drawing attention across short- and long-term trader circles. BONK, Ethereum, and BlockDAG have each taken center stage for different reasons, with the latter gaining momentum through a highly competitive presale and innovative buyer incentives [1].

BONK has faced significant volatility, dropping nearly 6% over the past 24 hours as it fell from $0.00002606 to $0.00002436 following repeated rejections at $0.000027 on August 11. The sell-off brought a sharp increase in trading volume, surpassing 1.13 trillion tokens and well above the average of 708 billion. While the price briefly stabilized at $0.000024 on August 12, it rebounded 3% to $0.000025, signaling some short-term resilience. This comes as news of a $25 million investment by Nasdaq-listed Safety Shot via the Bonk.fun launchpad adds a layer of credibility to the coin’s growth narrative [1].

Meanwhile, Ethereum has drawn attention for a rare confluence of bullish technical indicators, according to Kevin of Kev Capital. Since May, ETH has surged over 150%, outpacing the broader market and lifting altcoins like Chainlink and Uniswap in the process. The rally has been supported by a strong monthly demand candle at a key support level, a V-shaped reversal in the Stock RSI, and a pending monthly MACD cross. These signals, combined with rising ETH dominance, suggest a prolonged period of outperformance. Traders are now watching the $4,850 level, which represents an all-time high for Ethereum. A breakout on high timeframes could trigger open-ended price discovery, though further retracements near resistance may be expected before a full commitment from the market [1].

BlockDAG, however, is drawing attention for a fundamentally different kind of appeal. The project has raised over $374.5 million through its presale, with Batch 29 currently priced at $0.0276 and a confirmed post-launch price of $0.05. The project’s success is underpinned by three key features: daily “Buyer Battles,” which reward the largest daily investor with unsold tokens at no extra cost; the X1 mobile miner app, which has attracted over 2.5 million users and allows low-cost, accessible mining; and a broad exchange listing strategy that includes MEXC, BitMart, Coinstore, and LBank, ensuring liquidity from day one. This strategic approach positions BlockDAG as a highly competitive entry in the market, with an ecosystem that is already gaining traction before the token’s official launch [1].

The contrast between BONK’s short-term volatility and Ethereum’s technical strength highlights the diverse forces shaping the current market. However, BlockDAG represents a more structured and scalable approach, combining competitive mechanics, global accessibility, and immediate post-launch liquidity. For investors seeking long-term value beyond speculative swings, BlockDAG’s model offers a compelling case.

Source: [1] From BONK Price Drop to Ethereum Price Signal: Here’s Why BlockDAG’s $374.5M Presale & Buyer Battles Are Stealing the Show (https://coinmarketcap.com/community/articles/68a091c5a1518f6829174b50/)