Ethereum News Today: Whale Bonanza and 2,900% Gains Power BlockDAG’s Presale Surge

BlockDAG, a high-profile cryptocurrency presale project, has captured significant attention in the crypto market, having raised nearly $400 million in presale funds and selling over 25.7 billion coins. At the current price of $0.0013 per token, early investors who participated in earlier batches are experiencing substantial returns, with some realizing gains of up to 2,900%. The project has expanded its reach, with over 3 million mobile miners and 19,594 hardware units shipped, generating $7.8 million in sales. Additionally, BlockDAG is developing an extensive ecosystem, including 300+ decentralized applications (dApps) and 4,500 developers engaged, with confirmed listings on major exchanges such as MEXC, BitMart, and LBank. The project is also in discussions with Coinbase and Gemini, indicating growing institutional interest [1].

Among the notable developments, two whales recently invested $4.4 million and $4.3 million in BlockDAG, surpassing the previous $3.8 million record. These investments are seen as a vote of confidence in the project's infrastructure and progress. BlockDAG's strategic focus on delivering functional products before launch has been a key factor in attracting capital. The project has introduced the TRADEBDAG module and Dashboard V4, while the X1 Miner App has surpassed 3 million global users. These advancements have been accompanied by the announcement of a BDAG Deployment Event in Singapore, with expectations of a 38x upside as the token approaches its launch price of $0.05. The growing capital inflows and whale activity are reinforcing BlockDAG's position as a leading presale project with strong fundamentals [2].

Meanwhile, Ethereum (ETH) has shown mixed performance. In August 2025, Ethereum's network revenue dropped by 44%, despite ETH reaching an all-time high of $4,957 on August 24. The decline in revenue and network fees has sparked debate about Ethereum's financial sustainability, with critics questioning the long-term viability of its layer-1 model. The monthly revenue for Ethereum was $14.1 million, significantly lower than the previous month's $25.6 million. Network fees also declined by 20%, totaling $39.7 million in August. This decline has been attributed to the Dencun upgrade in March 2024, which reduced transaction fees for layer-2 scaling solutions. While Ethereum's market cap remains robust at $521.74 billion, the drop in fees and revenue has raised concerns about its financial fundamentals and the impact on its ecosystem [3].

Despite the revenue challenges, Ethereum has seen increased institutional interest, with public treasuries and companies investing in ETH. The Ethereum network has attracted institutional capital, with firms exploring staking Ethereum to generate yields. Matt Hougan of Bitwise highlighted that staking Ethereum can provide earnings for investors, making it attractive to traditional financial investors. Additionally, Ethereum ETFs have seen substantial inflows, surpassing Bitcoin ETFs with $1.6 billion in inflows in a recent week. These developments indicate growing institutional adoption and confidence in Ethereum's long-term potential [3].

In contrast to Ethereum's mixed performance, Bitcoin Cash (BCH) has emerged as a top performer in the crypto market, with its price consolidating above $602 and posting 10% gains on the weekly range. The rally has been driven by traders seeking Bitcoin-adjacent upside as Bitcoin (BTC) stalled below its record highs. BCH's market cap is now near $11.98 billion, supported by $326 million in 24-hour trading volume. The outperformance of BCH highlights how market dynamics and regulatory signals are influencing short-term capital rotation within the crypto ecosystem. While Ethereum and Chainlink (LINK) faced selling pressure and declines, BCH has attracted speculative flows due to its perceived upside potential [5].

The performance of these projects underscores the dynamic nature of the crypto market, where institutional adoption, technological advancements, and market sentiment play crucial roles in shaping price movements. BlockDAG's significant presale success and Ethereum's institutional traction demonstrate the diverse factors influencing crypto assets. As the market continues to evolve, projects that can deliver tangible infrastructure, attract capital, and navigate regulatory landscapes effectively are likely to see sustained growth and investor interest.

Source:

[1] title1 (https://www.cryptoninjas.net/news/blockdag-nears-400m-presale-compared-with-snorter-pepenode-and-best-wallet/)

[2] title2 (https://blockchainreporter.net/best-crypto-for-beginners-in-2025-heres-why-blockdag-outshines-ada-doge-pepe-with-nearly-400m-raised/)

[3] title3 (https://cointelegraph.com/news/ethereum-revenue-drops-44-percent-august-all-time-high)

[4] title4 (https://www.coinbase.com/price/ethereum)

[5] title5 (https://finance.yahoo.com/news/bitcoin-cash-bch-emerges-top-213243634.html)