Several significant events have occurred in the cryptocurrency market this week. A major PEPE token holder facilitated a large sale, while Cosmos (ATOM) continues to demonstrate positive outcomes. Furthermore, the beta testnet of BlockDAG has launched with a chance to earn prizes.
Market Condition
The cryptocurrency market surprised many this week. Token prices are shifting, with Cosmos (ATOM) marking a gain of over 5% in the last month. Conversely, the PEPE sale has led to discussions regarding potential market stability changes.
PEPE Whale Token Sale
Recently, a large PEPE token holder sold 196.1 billion tokens, amounting to approximately $1.3 million. While such a sale may lead to short-term fluctuations, the holder retains a balance of 2.6 trillion tokens, indicating ongoing confidence in PEPE's future.
BlockDAG Beta Testnet Launch
The launch of BlockDAG Beta Testnet V1 signifies a shift towards faster network performance, featuring an updated no-code tool for creating tokens and NFTs. Early participants are eligible for a total of $60,000 in rewards. The presale has raised $214 million since launch, against a total target of $600 million.
Predictions for Cosmos remain optimistic in light of recent successes, while the PEPE token sales prompt questions about short-term stability. The BlockDAG beta testnet presents an opportunity for users to experiment with the network.
