The crypto market often highlights a gap between projects announcing milestones and the market’s response to them. Pi Network says it has migrated 12 million users to Mainnet, while its token price has declined amid supply-related concerns. Toncoin (TON) has also fallen sharply over the past year, with sentiment remaining cautious. Meanwhile, BlockDAG (BDAG) has reported fundraising and product updates.
According to the project, BlockDAG has raised more than $407 million in its token sale. The team also lists a token price of $0.0013 for “Batch 30” and states a launch price of $0.05. These figures are project-reported and may change.
BlockDAG also claims a hybrid Layer-1 DAG architecture, 20 exchange listings, and the release of Dashboard V4.
Pi Network Rolls Out Mainnet as Token Drops 45%
Pi Network says it has migrated more than 12 million users to its Mainnet. The project also reports that more than 65 million users have completed KYC verification and that it is building toward a more compliant DeFi ecosystem. Pi’s Protocol 23 upgrade, scheduled for September 2025, is described as a transition of nodes from custom builds to Linux-based systems, with the goal of improving scalability and enabling decentralized KYC.
However, the token’s market performance has been weak. PI is described as down 17% in the last 30 days and 45% over 90 days, trading near $0.374 at the time referenced in this article. Supply-related concerns are also cited, with an 8.04 billion PI circulating supply. The article also notes competition from other projects, including Remittix ($RTX), which promotes remittance-focused features.
Market commentary referenced in this piece claims large holders accumulated 331 million PI (about $114 million at the time cited), though such figures can be difficult to verify and do not indicate future price direction. Technical resistance at the 200-day EMA of $0.71 is also cited as a key level. With more than 20,000 apps said to be in development, Pi’s longer-term trajectory is likely to depend on ecosystem adoption rather than migration milestones alone.
TON Seeks Reversal After 40% Yearly Drop
Toncoin (TON) has fallen more than 40% year-on-year and more than 62% from its June 2024 peak of $8.25. According to CoinGecko data cited in this article, TON is down 0.7% daily, 1.1% weekly, 2.4% over two weeks, and 7.8% monthly, reflecting weak momentum. Investor interest is also described as having cooled in recent months.
Some forecasters still anticipate the possibility of a rebound. For example, analysts at CoinCodex have projected that TON could reach $17.39 by November 21, 2025. Such projections are speculative and depend on multiple variables, including broader market conditions and macroeconomic factors such as potential U.S. Federal Reserve rate moves.
For now, Toncoin remains sensitive to market risk appetite, and any reversal would depend on sustained demand rather than a single catalyst.
20 Exchange Listings and DAG Tech Put BlockDAG Ahead
BlockDAG (BDAG) is being promoted by its team as a Layer-1 project pairing fundraising progress with technical milestones. The project reports raising more than $407 million through a token sale and cites a $0.0013 price for “Batch 30,” alongside a stated launch price of $0.05. These terms and prices are set by the project and do not indicate future market performance.
According to project materials, BlockDAG uses a hybrid Layer-1 design that combines a multi-parent Directed Acyclic Graph (DAG) structure with Proof-of-Work (PoW) and Proof-of-Engagement (PoE). The team claims throughput of up to 15,000 transactions per second. Such performance figures are typically measured under specific test conditions and may not reflect real-world usage.
BlockDAG also states it has arranged 20 centralized exchange listings. The project has also announced Dashboard V4, described as a user interface with charts, simulated order books, and community engagement features. As with any early-stage crypto project, independent verification of claims may be limited until products and integrations are broadly available.
If the project’s roadmap and listed integrations proceed as described, the next key signals for market participants would be evidence of sustained usage, developer activity, and verifiable liquidity after launch.
Looking Ahead
These updates reflect different challenges across the market. Pi Network has reported a large Mainnet migration milestone but still faces questions related to token supply and ecosystem adoption. Toncoin has struggled over the past year, even as some analysts point to scenarios that could support a recovery.
BlockDAG, meanwhile, is presenting a narrative centered on token-sale fundraising, planned exchange availability, and claimed technical throughput. As with any token sale and early-stage network, independent verification and post-launch execution will ultimately matter more than announced targets.
Project website (for reference): https://blockdag.network
Telegram (for reference): https://t.me/blockDAGnetworkOfficial
This article contains information about 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.
