Cryptocurrency

BONK Jumps 10% & Shiba Inu Burns 85.79M, Yet BlockDAG’s $379M Presale & 2.5M Miners Capture Focus

Written By : Market Trends

Two major moves are ruling this week’s crypto headlines, while BONK doubled in price movements and SHIBA INU set up for its massive burn. BONK pulled off one of its boldest daily gains in weeks, while suddenly squeezing SHIB dropping conversations all over social feeds. Meanwhile, the BlockDAG presale keeps steady, breaking the $379 million mark, with 2.5 million miners active already through its X1 app.

With BONK traders chasing a potential breakout, SHIB holders celebrating a supply shock, and BlockDAG (BDAG) participants watching the presale progress, competition for market attention is fierce. But unlike meme coin surges, BlockDAG’s momentum is tied to tangible adoption, exchange-ready tools, and gamified engagement, giving it strength that could extend well beyond the current hype cycle.

BONK’s 10% Rally Draws Focus

Between August 12 and 13, BONK jumped 10% from $0.000025 to $0.000027, marking one of its largest single-day moves in recent weeks. The push higher began after solid support formed at $0.000024, sparking renewed activity from both retail traders and bigger players. Volatility climbed to 13% and trading volumes surpassed the daily average of 956.8 billion tokens, a signal of larger involvement.

Momentum hit its peak early on August 13 before profit-taking triggered a 38-billion-token sell-off, cooling the price to $0.00002646. Yet, support at $0.000024 held firm, keeping the bullish outlook intact. The rally followed Nasdaq-listed Safety Shot’s $25 million commitment to BONK’s ecosystem via the Bonk.fun launchpad, which added weight to the story. Traders are now watching $0.000027 as the critical breakout line, with the possibility of a new surge if the level holds, while a slip under $0.000024 could pause the climb in the near term.

Shiba Inu Burn Sends Scarcity Signals

Shiba Inu’s burn rate exploded by 83,891% in a single day after an anonymous wallet burned 85.79 million SHIB, the largest since July 29. This spike drove the price 5% higher to $0.00001368 and contributed to a weekly burn rate jump of 637.92%, with a total of 101.62 million tokens destroyed over the week.

No other recent burn had crossed 20 million SHIB, making this event a clear standout. Within the same 24 hours, six separate transactions burned 88.03 million SHIB in total, signaling real scarcity despite its massive 589 trillion supply. 

The timing aligned with a broader rally led by Ethereum and Solana, boosting SHIB’s sentiment. The connection between high-profile burns and price shifts has the community eager to see if continued large-scale burns can turn this momentum into a lasting trend.

BlockDAG’s Miner Network & $379M Presale Command the Spotlight

While BONK and SHIB may make the short-term news, BlockDAG is laying the groundwork for enduring fame. Now in Batch 29 at $0.0276, it has seen $379 million plus raised and accordingly pushing toward the $0.05 launch target-price. There are three big movers for this growth. 

First, this is its X1 mobile miner network with 2.5 million participants, in which users earn BDAG coins on a Proof-of-Engagement basis without the user facing the cost of expensive hardware. This sets the foundation for an enormous, worldwide set of supporters for BlockDAG even before its coin faces any exchange. 

Secondly, Dashboard V4 has turned the presale experience into a live and interactive version of a trade. It comes with real-time price charts, order book visualizations, wallet data, referral data, and leaderboard rankings that provide a brief snapshot into an exchange-like environment for participants before the launch. 

And thirdly, Buyer Battles, a daily competition where the top buyer takes all unsold BDAG allocations, keep the presale action going high, encouraging repeated participation, and provide that competitive edge which keeps engagement alive through the presale.

With its miner network, advanced dashboard, and gamified buying model, BlockDAG’s presale is more than a funding phase, it has become an active ecosystem preparing for long-term strength. Its setup points to durability beyond short-lived hype cycles.

Final Thoughts

BONK’s price surge and SHIB’s extraordinary burn show how quickly headlines shift in crypto and how traders respond to sudden sparks. Still, meme coin moves often prove fleeting.

BlockDAG, by contrast, is building momentum through infrastructure, millions of active miners, and a gamified presale system that mirrors post-launch conditions even before listing. With the price still set at $0.0276 against a $0.05 target, its growth potential is tied to concrete progress rather than fleeting sentiment.

As the market balances rapid shifts against long-term growth, BlockDAG’s consistent climb suggests adoption-led expansion could outlast hype-driven rallies, making it a project to watch as launch day draws closer.

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