Mantle Surges 60% as UR App Launch Nears and Whale Activity Boosts Shiba Inu

Mantle (MNT) has surged 60% over the past month, reaching a market capitalization of $3.13 billion, and now ranks as the largest Layer 2 (L2) network by market cap [1]. The token's rise is attributed to rising network activity and anticipation around the upcoming launch of the UR app, which offers Swiss bank account services and Mastercard debit cards with crypto self-custody [2]. The UR app is set to exit beta on August 8, reinforcing Mantle’s position as a bridge between traditional finance and blockchain [3].

Shiba Inu (SHIB) has also shown signs of renewed interest, with whale activity spiking by 600% in a 24-hour period. Major holders added 435.55 billion SHIB coins to their portfolios, suggesting optimism in the token’s future potential [4]. Although the price of SHIB has remained relatively flat compared to other altcoins, the sharp increase in whale accumulation could indicate a potential price breakout [5].

Meanwhile, BlockDAG (BDAG) is preparing for its much-anticipated GLOBAL LAUNCH, with the presale price of $0.0016 set to expire in just hours. Investors are rushing to secure tokens before the price rises to $0.0276 in batch 29. To date, BlockDAG has raised over $370 million in presale funds and attracted more than 2.5 million active users on its X1 Miner App [6]. Analysts have predicted that the token could reach $10 in the long term, offering an impressive potential return on investment for early buyers [7]. The project’s use of a Directed Acyclic Graph (DAG) structure aims to improve transaction speed and security, addressing scalability challenges faced by older blockchain networks [8].

As the market reacts to these developments, Mantle continues to solidify its position in the Ethereum scaling space, while SHIB’s whale activity signals growing interest despite its inherent volatility. BlockDAG, with its advanced technology and strong presale performance, is being positioned as a potential long-term investment opportunity [9].

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[1] https://coinmarketcap.com/community/articles/6899ea50c4a7cb3a2ce85a80/