BlockDAG Surges Toward $600M Ahead of Genesis Day While Ethena Drops 40% & Filecoin Slips Near $1.66

Ethena (ENA) witnessed a steep 40% decline after its stablecoin faced liquidity strain, reigniting talks surrounding the “Ethena (ENA) price drop.” On the other hand, Filecoin (FIL) moved slightly upward by 5%, trading close to $1.66 but failing to surpass key resistance points. The mixed trends in Ethena and Filecoin reveal a market filled with uncertainty, where brief recoveries coexist with broader caution and unpredictable swings.

Unlike these short-term fluctuations, BlockDAG (BDAG) continues to gain solid traction. Having raised $430 million in funding and currently offering BDAG coins at $0.0015 for a limited time, it stands as the most well-funded Layer-1 project before its official launch. Supported by over 27 billion coins sold, 3.5 million+ X1 users, 20,000+ miners, and over 312,000+ holders, BlockDAG’s progress reflects growing participation and financial strength. With its presale targeting $600 million, the project shows structured expansion backed by active engagement and real adoption.

Ethena (ENA) Falls 40% After USDe Loses Peg

Ethena’s stablecoin, USDe, experienced a brief 35% dip due to market-wide liquidations but quickly regained balance. The decline stemmed from liquidity issues rather than poor collateralization, highlighting the instability synthetic stablecoins can face during high-stress trading moments. While major exchanges swiftly stabilized prices, the event raised concerns about liquidity coordination across platforms.

The governance coin, ENA, dropped nearly 40% and now trades around $0.33, down roughly 25% over 24 hours. Experts believe this fall may be more of a panic reaction than a long-term structural problem. For those willing to handle volatility, this correction could serve as a possible re-entry window, though risks remain elevated.

Filecoin Climbs Slightly Despite Bearish Pressure

Filecoin (FIL) rose about 5.4% today, ending near $1.66. However, it continues to trade below its major moving averages of $2.15, $2.29, and $2.52, suggesting a weak overall setup. Technical charts indicate oversold conditions, which might lead to minor rebounds before the broader downtrend resumes.

In the short term, FIL is expected to fluctuate between $1.62 and $1.64. Its next resistance sits near $1.67, while a fall below $1.62 could lead to another dip. For those confident in Filecoin’s long-term fundamentals, buying at this range could present modest short-term value.

BlockDAG Nears $600M Milestone, Redefining Presale Success

BlockDAG continues to rewrite crypto history, reaching an unmatched $430 million in presale funding and positioning itself as the highest-funded Layer-1 before its mainnet debut. Currently in Batch 31, BDAG coins are offered at a limited-time price of $0.0015 while the batch price is $0.0304. This phase demonstrates overwhelming demand and confidence in its vision as the project moves closer to its $600 million presale target.

The project’s success stems from measurable adoption and solid technology, backed by the Awakening Testnet. With over 312,000 holders, 3.5 million X1 app users, and 20,000+ hardware miners worldwide, BlockDAG’s ecosystem proves scalability and global participation. These achievements show how the platform’s foundation is built on sustainable traction rather than short-lived hype.

As Batch 31 nears its close, experts predict the presale could soon exceed $600 million. The active TGE code is fueling rapid community participation, as early contributors secure their allocations before price adjustments. With such momentum, BlockDAG’s rise toward Genesis Day could become one of the most defining Layer-1 launches of this decade, reshaping the narrative around early blockchain funding success.

Final Thoughts

The contrasting moves of Ethena (ENA) and Filecoin (FIL) highlight the uncertainty within short-term trading cycles. BlockDAG, meanwhile, stands out with its sustained progress, clear roadmap, and verified ecosystem growth. Its presale price of $0.0015 provides a closing window to join before Genesis Day, with the TGE code still active for early participation.

Rising adoption, expanding partnerships, and a consistent funding pace prove that BlockDAG is more than a presale; it’s a functional ecosystem under construction. With $430 million raised, 3.5M+ X1 miners, and over 27 billion coins sold, its trajectory reflects both scale and substance. As the countdown to Genesis Day advances, analysts view BlockDAG’s approach as a turning point that could elevate BDAG into one of the best-performing Layer-1 projects in recent years.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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