The crypto market has been volatile this week, with sentiment shifting across several major assets. XRP has drawn renewed criticism from market commentators, while Shiba Inu (SHIB) absorbed a large change in whale activity without an immediate breakdown. Separately, BlockDAG has continued to publish updates about its fundraising and product roadmap.
According to the project’s own materials, BlockDAG has a token-sale pricing tier listed at $0.0016 for a limited period and reports that it has raised more than $363 million to date.
As traders assess risk and long-term narratives across different crypto categories, this article reviews current discussion around XRP and SHIB and summarizes BlockDAG’s project-reported updates.
XRP (XRP) Price Under Pressure: Speculation vs Utility
XRP is once again at the center of debate—this time sparked by veteran Wall Street analyst Fred Krueger, who dismissed the token by claiming “not one actual human being” uses it. The comment circulated widely, in part due to Krueger’s background at firms like Salomon Brothers and Greenwich Capital and his public positioning as a Bitcoin maximalist.
Krueger argued that even holding XRP does not count as “usage,” which prompted responses from parts of the XRP community. Former Ripple developer Matt Hamilton and other supporters pointed to activity they view as evidence of usage, including cross-border payments and NFT trades on the XRP Ledger. Krueger, however, cited comparatively weak adoption versus Bitcoin and referenced a 2020 study claiming that 96% of XRP transactions carried no economic value.
The episode reflects an ongoing dispute over how to measure “utility” for a token versus speculative demand. That tension can contribute to uncertainty around near-term price action, particularly when social narratives dominate attention.
Shiba Inu (SHIB) Whale Moves: Volatile But Resilient
Shiba Inu (SHIB) also saw notable on-chain changes, including a reported 352% drop in whale netflows. Between July 24–26, large holders were reported to have moved nearly 200 trillion SHIB tokens, reversing the previous week’s accumulation.
SHIB’s price held around $0.00001400, slightly below a recent high near $0.00001550, based on the figures cited in the source material. The interpretation offered is that smaller holders absorbed some of the supply. From a technical-analysis perspective, the article cites the 20-, 50-, and 100-day EMAs as support levels and an RSI near 54, which is typically described as neutral.
As with many meme-linked assets, SHIB can remain sensitive to shifts in large-holder behavior and broader sentiment, which can increase volatility compared with more established networks.
BlockDAG: Project-Reported Token-Sale Pricing and Product Updates
BlockDAG is being marketed by its team as an early-stage network with active tooling. The project states that its $0.0016 “Global Launch” token-sale price is scheduled to run until August 11, after which the listed price changes to a higher tier (the project’s materials cite $0.0276 as “Batch 29”). Pricing schedules in token sales can change, and any future market price is uncertain.
In updates shared by the project, BlockDAG says it has raised more than $363 million. It also says its “Dashboard V4” is live with charting and simulated trading features, and that its X1 mobile mining app has surpassed 2 million users, using what it describes as a Proof-of-Engagement model. The team has also stated that exchange listings are planned or “confirmed” with MEXC, BitMart, CoinStore, XT.com, and LBank; listing timelines and trading availability can vary by venue.
The project has also promoted a “10 BTC Auction” as a marketing incentive tied to purchases made before August 11. Details and eligibility requirements are described by the project and should be reviewed carefully by readers who are evaluating participation.
Compared with the XRP and SHIB discussions above—which focus largely on adoption debates and on-chain flow metrics—BlockDAG’s current narrative is centered on project-reported product releases, planned listings, and its token-sale structure.
Final Note
XRP continues to face ongoing disputes over how to assess real-world usage and adoption. SHIB, meanwhile, showed that a sharp shift in whale netflows did not immediately translate into a large price move, though it remains a high-volatility asset.
BlockDAG’s updates focus on a token-sale timetable and project-reported milestones such as tooling releases and claimed user counts. Readers should treat all early-stage token-sale information as high risk and verify details independently.
This article is for informational purposes only and does not constitute financial or investment advice.
This outlet is not affiliated with the project mentioned.
Project links (for reference):
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
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