"Solana Whales HODL Despite Price Drop; BNB Burns $1.16B, BlockDAG X1 Surpasses 500K Users"

The crypto market is abuzz with excitement as major projects unveil significant updates. Solana (SOL) whale activity remains robust, with addresses holding 10,000+ SOL reaching 5,137, signaling optimism among large investors despite a 22.93% pullback in the token's price. Meanwhile, the BNB token has made headlines with a $1.16 billion token burn, further solidifying its deflationary approach and sparking interest among traders.

The BlockDAG (BDAG) X1 App has reached a significant milestone, surpassing 500,000 active users. The app's popularity can be attributed to its user-friendly mining solution, allowing users to earn up to 20 BDAG coins daily. This has led many to dub it the best crypto to mine on mobile.

Solana whale activity has caught the attention of the crypto community, particularly after the token's price dropped from its all-time high of $294.33 to $227. Analysts note that the number of addresses holding 10,000+ SOL has remained stable, with 5,137 addresses before slightly retreating to 5,128. This uptick in Solana whale activity suggests that larger investors remain bullish on the project's future prospects.

The BNB token has taken another step towards reducing its overall supply with the 30th quarterly token burn worth $1.16 billion. This event permanently removed 1,634,200.95 tokens from circulation, including 110,000 BNB token units lost during the recent BNB Chain Fusion. Analysts believe this deflationary model could amplify demand by maintaining scarcity.

The BlockDAG X1 App's success is a testament to the growing demand for accessible mining solutions. The app's ability to let users earn up to 20 BDAG coins daily has led many to call it the best crypto to mine on mobile. The app's straightforward interface, complete with a leaderboard and daily engagement features, keeps miners involved and informed, lowering barriers to entry for those seeking a reliable platform to mine and trade digital assets.

The crypto market's latest developments highlight the ongoing opportunities for traders and miners. Solana whale activity continues to demonstrate the confidence of large investors, even as the price pulls