BlockDAG Presale Surges as XRP Utility Debated and SHIB Absorbs Whale Sell-Off

The cryptocurrency market continues to experience significant movement across various projects, with BlockDAG capturing attention through its presale momentum while established tokens face their own challenges. XRP encounters criticism regarding its real-world utility, and Shiba Inu demonstrates resilience despite major whale activity, but BlockDAG’s fundraising success tells a different story entirely.

BlockDAG has secured over $363 million in its presale at the current price of $0.0016, with this rate ending on August 11. After that date, the price jumps to $0.0276, representing a 17x increase that’s driving urgency among potential investors looking for early entry opportunities.

XRP Faces Utility Questions From Wall Street

Ripple’s XRP finds itself defending its value proposition after pointed criticism from Fred Krueger, a Wall Street veteran with experience at Salomon Brothers and Greenwich Capital. Krueger made the bold claim that “not one actual human being” uses XRP, arguing that simply holding the token doesn’t constitute real usage.

$XRP whales aren’t scared. They’re feeding. 🐋

XRP volume is exploding:
✅ Binance: $9.1B
✅ Upbit: $8.1B

Billions more on Coinbase, OKX, Bybit.

Every dip? They’re loading.
Retail panics. Institutions accumulate.

Are you positioned for the breakout? 👇 pic.twitter.com/eaAQGX7plK

— X Finance Bull (@Xfinancebull) July 24, 2025

The XRP community responded through voices like former Ripple developer Matt Hamilton, who highlighted payment applications and NFT activity on the XRP Ledger. However, Krueger referenced a 2020 report suggesting that 96% of XRP transactions carried no economic value, maintaining his position despite community pushback.

This ongoing debate highlights XRP’s fundamental challenge of establishing clear utility beyond speculative trading. The token remains caught between its role as a trading asset and its intended function as a utility token for cross-border payments.

Shiba Inu Withstands Major Whale Selling Pressure

Shiba Inu recently weathered significant selling pressure when whales dumped nearly 200 trillion tokens between July 24 and 26. This massive sell-off caused a 352% drop in netflows, shifting from heavy accumulation to substantial outflows within just a few days.

Despite the whale activity, SHIB’s price remained relatively stable around $0.00001400, only slightly down from its recent peak of $0.00001550. Retail investors appeared to absorb much of the selling pressure, preventing a more dramatic price decline.

Technical indicators continue to support SHIB’s position, with the 20, 50, and 100-day exponential moving averages providing foundational support. The RSI reading of 54 suggests the token maintains room for either upward movement or sideways consolidation.

BlockDAG Delivers Active Infrastructure and User Growth

Unlike projects still working to establish utility, BlockDAG already operates live systems that demonstrate real-world application. The project’s Dashboard V4 provides users with real-time trading simulations, balance tracking, and comprehensive charts for portfolio management.

The X1 mining application has attracted over 2 million users through its Proof-of-Engagement model, which encourages daily participation and user retention. This mobile-first approach has helped build an active community around the BlockDAG ecosystem.

Exchange support is already confirmed with MEXC, BitMart, CoinStore, XT.com, and LBank committed to listing the token. Additionally, BlockDAG is conducting a 10 BTC giveaway for presale participants before the August 11 deadline, with larger contributions earning higher chances in the distribution.

The project targets a $600 million presale total, but the current $0.0016 pricing tier ends permanently on August 11. After that date, new participants will enter at the significantly higher $0.0276 rate, eliminating the current price advantage.

Market Sentiment Analysis

The contrasting trajectories of these three projects reflect different stages of cryptocurrency adoption and utility development. While established tokens navigate criticism and volatility, newer projects with demonstrable infrastructure continue attracting investor attention in the current market environment.