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BlockDAG Presale Raises $376 Million, But Legitimacy Questioned by Investors

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by Giorgi Kostiuk

2 hours ago


BlockDAG Presale has emerged as one of the most talked-about events in the crypto space this year, but not for positive reasons. Despite raising over $376 million, many investors suspect it might be a scam.

Uncertain End Date for BlockDAG Presale

Since its launch, BlockDAG Presale has garnered considerable attention. The team had previously stated that the presale would end on August 11, coinciding with the listing. However, as of today, August 19, the presale is still ongoing on the project's website, leading to distrust within the community.

Missing Exchange Listing Updates

On its official site, the project lists five exchanges, including MEXC, LBank, Coinstore, BitMart, and XT for the token listing, but 15 others remain unnamed, adding to skepticism. Proponents argue that exchange deals take time, but critics emphasize the need for clear updates from the team.

Growing Concerns Over Potential Scam

As the presale prolongs, criticism becomes more pronounced. Many traders are beginning to believe this could turn into one of the largest scams of 2025 if the project does not list. While some investors remain hopeful, the lack of proper communications combined with continuous fundraising raises significant concerns.

BlockDAG Presale has reached impressive figures but its legitimacy is under serious scrutiny. Without the announcement of a BDAG listing date and clarity regarding exchanges, the project's future remains uncertain.

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