The cryptocurrency market exhibits activity, drawing attention to new projects and established tokens. Nexchain advances to Stage 24 of its presale, Pudgy Penguins attempts to gain ground, and Shiba Inu resurfaced amid significant whale movements.
Nexchain Moves to Stage 24 With Strong Presale Activity
This week, Nexchain raised $8 million, moving to Stage 24 of its presale. The team confirmed that issues with their website have been resolved, and their airdrop program is active. The current pricing for the NEX presale coin is $0.096, with a planned listing price of $0.30.
The project is gaining traction in the web3 crypto presale market. Nexchain is building an AI-powered blockchain designed for high transaction speeds and cross-chain connections. Its smart contracts are designed to work across different blockchains while maintaining security and efficiency. The public testnet is scheduled to launch on August 8, 2025.
Pudgy Penguins Trades Near $0.036 Amid Short-Term Recovery
Pudgy Penguins (PENGU) trades at $0.036, with a 24-hour volume exceeding $635 million. The token is up 4% in the last day but remains down 17% for the week. Despite a short-term bounce, the broader pullback has not fully reversed.
The 4-hour Supertrend indicator sits at $0.03838 and acts as near-term resistance. A clear move above this level could suggest the start of a stronger recovery. The Relative Strength Index is at 53, indicating improving buying activity without approaching overbought conditions.
Shiba Inu Whale Sends 40 Billion Tokens to Binance
Shiba Inu has seen renewed whale activity after months of silence. Data from Arkham Intelligence indicates that a wallet ending in F75a moved 39.99 billion SHIB to Binance, valued at approximately $491,590 at the time.
Blockchain records show this wallet originally received 60 billion SHIB from Binance hot wallets about eight months ago. It has made multiple large transfers since then, including two earlier deposits of 20 billion tokens each. SHIB has dropped more than 65% since February, and the whale appears to be continuing a steady distribution strategy.
Today's events in the cryptocurrency market highlight activity in both new projects and established tokens. Nexchain's presale and testnet launch, Pudgy Penguins' recovery efforts, and the renewed activity surrounding Shiba Inu suggest potential shifts in 2025.
