Competition among major crypto assets has intensified, and recent price action highlights three separate developments. Astar (ASTR) has come under pressure following reports of a $12 million token transfer and a large unlock event that coincided with a drop toward the $1.50 area. XRP (XRP), meanwhile, has rebounded after a sharp sell-off and is trading below the $3 resistance zone referenced by some market watchers.
BlockDAG (BDAG) has also drawn attention in recent weeks. The project says it has raised $430 million in a token sale, with BDAG priced at $0.0015 at the time of writing. Project materials also cite a collaboration with the BWT Alpine Formula 1® Team, security audits, and a newly launched “TGE code,” though these claims are not independently verified here.
$12M Transfer and Unlock Add Pressure on Astar
Astar (ASTR) has fallen nearly 30% from its recent peak of $2.30 and was last seen trading around the mid-$1 range. Some traders are watching the $1.50 level as a potential support area; if that level fails, additional downside could follow, though outcomes remain uncertain.
Market attention increased after DeFiLlama removed Astar’s perpetual data following unusual trading activity linked by some observers to Binance. Separately, a $12 million transfer reportedly tied to Galaxy Digital raised additional questions. Adding to the backdrop, about 320 million unlocked tokens—around 4% of the reported total supply—entered circulation without a lock-up, which can increase potential selling pressure.
In the near term, Astar’s direction may depend on whether it can hold above the levels currently being watched by market participants. A bounce could signal a short-term stabilization, while further weakness may indicate that the correction is continuing.
XRP Gains Strength as $3 Target Comes Into Focus
XRP (XRP) has rebounded after a flash crash that pushed prices from about $2.77 down to around $1.64. The asset has since recovered to the mid-$2 range, roughly 40% above the low. Elevated trading activity and reported institutional interest have been cited as factors behind the move. Some technical analyses point to the $2.47 area as support and the low-$3 range as a key resistance zone; a break above resistance would not guarantee further gains.
Ripple has also introduced RLUSD, a stablecoin the company says is designed for institutional use cases. How—and whether—that product affects XRP liquidity or network usage will depend on adoption and broader market conditions.
Why the Market Is Focused on BlockDAG Before the Price Climbs
BlockDAG has increased its public visibility, including through a partnership page on BWT Alpine Formula 1®. The project reports it has raised $430 million, sold more than 27 billion coins, and shipped more than 20,000 miners ahead of its official launch. These figures are based on project statements and have not been independently verified in this article.
According to BlockDAG’s materials, the network is intended to be EVM-compatible, which could make it easier for developers to port Ethereum-based applications. The project has also emphasized broader marketing efforts across sports and entertainment to reach new audiences.
BlockDAG also describes a staged fundraising structure with multiple “batches,” where pricing may change between stages. Any future listing prices or performance expectations remain speculative and are not assured.
Wrapping Up
Recent moves in Astar and XRP reflect how token supply changes, liquidity events, and shifting sentiment can affect prices quickly. Astar’s decline has been discussed in the context of token unlocks and reported transfers, while XRP’s rebound has been linked by some observers to renewed demand and Ripple’s product announcements.
BlockDAG, meanwhile, is being followed largely due to its fundraising claims, marketing partnerships, and its stated technology roadmap. The project has referred to “Genesis Day” on November 26 as a milestone, but timelines and deliverables can change.
Project website (for reference): https://blockdag.network
Telegram (for reference): https://t.me/blockDAGnetworkOfficial
This article discusses a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. This article is for informational purposes only and does not constitute financial or investment advice.
