The crypto market is undergoing changes. While PEPE faces a sharp decline, Ethereum is showing signs of stability, and BlockDAG announces a significant airdrop.
PEPE Takes a Hit
PEPE has dropped 18% in the past week, raising concerns about further losses. The decline began after a whale sold 2.2 trillion tokens, about 0.5% of the total supply. Market conditions are worsening, and technical indicators suggest a lack of optimism. Participating traders express hope for a short-term bounce, but the overall picture indicates that demand is missing.
Ethereum Stabilizes at $2251
Ethereum shows early signs of stabilization, trading around $2251. A notable whale has purchased 17,070 ETH worth $39 million, increasing their holdings to over 132,000 ETH. Analysts point to the necessity of breaking the $2350 level to confirm a recovery. If Ethereum fails to break this level, a fall back to $1870 is possible.
BlockDAG's Airdrop and Its Impact
BlockDAG has officially launched its 100 million token airdrop, which is not merely a giveaway but a growth model. The campaign includes eight different tasks that require participants to actively engage with the project. By completing these tasks, participants help the project grow and provide valuable feedback. Currently, BlockDAG has over 2 million active users of the X1 app, indicating real interest in the project.
Despite PEPE's decline and growing ETH holdings, market attention is shifting toward utility-based projects like BlockDAG. This project is taking significant steps to enhance its ecosystem, which could lead to further success.
