Ethereum Whales Accumulate as PEPE Drops 18% Amid Whale Sell-Off

In the dynamic world of cryptocurrency, the market is experiencing a notable shift as investors and traders pivot their focus towards projects that offer tangible engagement and long-term value. Ethereum, a leading cryptocurrency, has seen renewed interest from whales, with significant accumulation occurring as prices stabilize around $2,251. This accumulation suggests a long-term confidence in Ethereum despite the short-term volatility that has characterized the market.

Meanwhile, PEPE, a meme coin that gained significant traction in 2024, is facing a challenging period. Over the past week, PEPE has experienced an 18% drop, slipping below both its 50-day and 200-day moving averages. This decline was triggered by a single whale unloading 2.2 trillion tokens, which is approximately 0.5% of the total circulating supply. The move has amplified downside pressure in an already thin liquidity environment, leading to panic among traders. Technical indicators such as the MACD histogram turning negative and the RSI approaching oversold levels further contribute to the bearish sentiment surrounding PEPE. As a result, capital is rotating into stronger projects, raising questions about PEPE's staying power beyond the initial hype.

While Ethereum and PEPE navigate their respective challenges, BlockDAG is emerging as a strong contender in the cryptocurrency space. The project has launched a 100 million BDAG coin airdrop, structured across four categories: Testnet Quests, Presale Quests, Social Quests, and Referral Quests. This airdrop is designed to reward real engagement and drive adoption, rather than relying on hype. Participants are encouraged to test the live DAG network, deploy smart contracts, use the native wallet, and invite new users, all while earning BDAG in return. This approach not only strengthens the ecosystem but also helps BlockDAG collect valuable product feedback as it works towards its goal of reaching 10 million users.

BlockDAG's momentum is further bolstered by its presale, which has already raised over $325 million. The BDAG coin is currently priced at $0.0080 for a limited time, with the confirmed launch price set at $0.05. Additionally, the X1 mobile miner app has surpassed 2 million active users globally, and an upcoming U.S. sponsorship is poised to propel the project into the mainstream. As Ethereum whales quietly accumulate and meme tokens like PEPE lose steam, BlockDAG is building with clarity and execution, positioning itself as a leader in the Layer 1 race.