OKB Jumps 129% on Supply Burn and Upgrade SUI Eyes $6.90 as BlockDAG Presale Hits $374M

Generated by AI AgentCoin World
Saturday, Aug 16, 2025 9:17 pm ET1min read
SUI
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Aime RobotAime Summary

- OKB surged 129.9% due to 52% supply reduction and X Layer upgrade, hitting $6.43B market cap.

- SUI broke out to $3.30 with bullish EMAs, supported by Grayscale trusts and Swiss institutional custody services.

- BlockDAG raised $374M in presale, secured 20 exchange listings, and demonstrated mobile/hardware mining integration.

- Combining blockchain-DAG tech (2,000-15,000 TPS), BlockDAG targets long-term leadership via sports NFT partnerships and scalable infrastructure.

OKB surged by 129.9% in a single trading session, reaching a peak of $139.76 before retreating to around $107.30. This rally was driven by a major supply reduction, with 65.26M OKB tokens burned, reducing circulating supply by over 52%, and a blockchain upgrade to X Layer, boosting transaction throughput to 5,000 TPS and reducing fees. The token’s market cap climbed to $6.43B, with trading volume surging 15,764% to $1.41B. However, technical indicators show signs of overbought conditions, with an RSI reading of 78 and key resistance at $117.26, suggesting potential for both pullbacks and further upward movement [1].

Meanwhile,

SUI
has broken out of a long-term technical pattern, surging toward $3.30 as support, with a projected move toward $6.90 by October. The token’s 50-3D EMA remains bullish, and volume has stabilized post-breakout. Institutional support is also growing, with Grayscale introducing Sui-focused trusts, and Swiss institutions like Sygnum and Amina offering custody and trading services.
Mill City Ventures
has also added $450M in SUI to its treasury, reinforcing market confidence [1].

In contrast to the short-term hype surrounding OKB and SUI, BlockDAG is building a long-term foundation. The project has raised $374 million in its presale, with Batch 29 priced at $0.0276 and a launch price target of $0.05. It has secured listings on 20 major exchanges, including MEXC, BitMart, Coinstore, and LBank, ensuring robust liquidity from launch. Adoption is accelerating through its mobile and hardware mining platforms, with over 2.5M X1 mobile miners generating daily returns and X10 miners producing up to 200 BDAG per day. A live demo on July 23 demonstrated seamless integration between mobile and hardware mining, highlighting the project’s operational readiness [1].

BlockDAG’s technical model combines blockchain and DAG, supporting TPS between 2,000 and 15,000, offering scalability for dApps and cross-chain use. The project also expanded into mainstream sports through partnerships with the Seattle Orcas and Seattle Seawolves, leveraging NFTs and digital engagement tools to build brand awareness [1].

Looking ahead, OKB and SUI’s performances are closely tied to market sentiment and recent catalysts, while BlockDAG offers a more structured approach with presale capital, broad exchange access, and a scalable infrastructure. As the market continues to evolve, BlockDAG appears to be positioning itself not just for visibility, but for long-term leadership in the crypto space [1].

Source: [1] OKB Jumps 129%, SUI Climbs Toward $6.90, and BlockDAG’s Presale Hits $374M as 20 Listings Plan Drives Market Confidence! (https://coinmarketcap.com/community/articles/68a12a9008803477d187ae56/)