The crypto market is seeing mixed signals in 2025. Stellar (XLM), despite recent price weakness, has drawn attention due to reported accumulation by large holders. Sui (SUI) has also been in focus after its total value locked (TVL) was reported at $2.16 billion alongside developments related to an ETF filing.
Another project mentioned in market discussions is BlockDAG (BDAG), which says it is working with Dr. Maurice Herlihy, an academic known for work in distributed systems. Project materials also reference fundraising and token-sale details; these claims have not been independently verified.
Stellar Whales Move 240M XLM: Exchange Outflows in Focus
While Stellar’s (XLM) market price has seen a short-term decline, on-chain trackers have pointed to increased activity by large holders. According to publicly observable on-chain data cited by market participants, more than 240 million XLM tokens were withdrawn from Binance in recent months, alongside an estimated 20–25% reduction in exchange balances.
Such withdrawals can indicate a shift from exchange wallets to self-custody, although the motivation and future market impact are uncertain and can vary widely.
Stellar continues to be used in cross-border payment contexts, and the broader ecosystem has discussed tokenized-asset integrations. However, exchange outflows alone do not determine price direction, and any inference about recovery remains speculative.
Sui’s ETF Filing Sparks Attention as TVL Tops $2.16B
Sui (SUI) has drawn attention after 21Shares updated a U.S. SEC ETF filing that includes a discussion of staking. The filing lists Coinbase as custodian, BNY Mellon for cash management, and Nasdaq as the proposed trading venue, as described in the documents.
Separately, the network’s total value locked (TVL) was reported at $2.16 billion following an 11% increase, with decentralized exchanges such as Momentum and Bluefin cited as contributors to liquidity. Monthly trading volume was also reported to have exceeded $20 billion.
ETF-related headlines and DeFi metrics can influence sentiment, but outcomes depend on regulatory decisions and broader market conditions.
MIT’s Dr. Maurice Herlihy Is Linked to BlockDAG, From Research to Blockchain
BlockDAG says Dr. Maurice Herlihy is involved with the project. Dr. Herlihy is widely known in academia for work in distributed systems and parallel computing, areas relevant to how distributed networks coordinate and reach agreement.
According to the project, his expertise is being applied to a hybrid Proof-of-Work and Directed Acyclic Graph (DAG) design. The project has also made performance-related claims; these technical assertions were not independently verified for this article.
The project has also published token-sale and user-adoption figures (including a fundraising total and app-user counts). As with many early-stage crypto projects, these figures should be treated cautiously unless corroborated through independent sources.
Context: Different Narratives Across XLM, SUI, and BlockDAG
Taken together, the three narratives highlight different parts of the market: exchange-flow data around XLM, DeFi activity and filing-related developments for Sui, and a project-led credibility pitch for BlockDAG that references academic involvement and published technical plans.
Readers should consider that these assets and projects differ in maturity, scale, and risk profile, and that headline metrics do not provide a complete view of market or technology risk.
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.
