Ethena Drops 40%, Filecoin Struggles Near $1.66, While BlockDAG Raises $425M Targeting $600M Before Genesis Day

Ethena (ENA) dropped nearly 40% after its stablecoin faced liquidity stress, reigniting debate over the “Ethena (ENA) price drop.” Filecoin (FIL), meanwhile, rose 5% today, with “Filecoin (FIL) price today” still hovering around $1.66 but unable to break past resistance. Ethena and  Filecoin reflect a volatile crypto environment defined by fragile recovery and cautious sentiment.

BlockDAG, however, stands in a different league. With over $425 million raised and Batch 31 priced at $0.0015, it’s officially the most funded Layer-1 before launch. Supported by 3.5 million X1 users, 20,000+ miners, and 312,000+ holders, BlockDAG’s traction is driven by measurable adoption and strong liquidity growth. Its momentum signals structured progress toward a $600 million goal.

ENA Crashes 40% After USDe Depeg

Ethena’s stablecoin, USDe, briefly dropped around 35% amid a major crypto liquidation event before quickly regaining stability. The drop was caused by a liquidity shortage rather than a collateral issue, exposing how synthetic stablecoins behave under pressure. While most trading platforms corrected fast, the scare sparked debate about liquidity depth and market coordination across exchanges.

ENA, Ethena’s governance coin, fell nearly 40% before recovering some losses. At about $0.33, it remains down over 25% in 24 hours. Analysts suggest that this sharp fall could be a temporary panic move rather than a sign of structural weakness. The correction might present an entry point, but only for those ready to manage volatility in unpredictable markets.

Filecoin Rises 5% Amid Volatile Trade?

FIL rose about 5.4% to $1.66 today, closing near its session high despite remaining below key moving averages of $2.15, $2.29, and $2.52, indicating that the broader trend remains weak. Technical signals show the market is oversold, which could fuel short-term bounces before the larger downtrend reasserts itself.

Expect FIL to trade between $1.62 and $1.64 in the next day or two. The chance of a sustained upside move is low unless it can overcome resistance at $1.67. On the flip side, a break below $1.62 would invite further losses. If holders believe FIL’s fundamentals or recovery narrative still hold weight, buying in this tight range might offer value.

BlockDAG Nears $425M; The Most Funded Layer-1 Before Launch

BlockDAG is rewriting crypto history, becoming the most funded Layer-1 before launch with over $425+ million raised. The project’s presale is in Batch 31, with its special price locked at $0.0015 for only a few days. This milestone cements BlockDAG’s position as a record-breaking phenomenon, showing the kind of demand and traction rarely seen before a network even goes live.

BDAG’s momentum stems from verifiable growth, backed by its active user base and developer traction. BlockDAG’s ecosystem, backed by its Awakening Testnet and real-world adoption, has attracted 312,000+ holders, 3.5+ million X1 users, and 20,000+ miners. The numbers prove scale and confidence, two elements that signal lasting strength beyond early speculation.

As Batch 31 nears completion, analysts say the presale could surge past $600 million soon. With the TGE code active, early buyers are rushing to secure their positions before prices climb further. At $0.0015, BlockDAG isn’t just another crypto opportunity; it’s a countdown to one of the biggest Layer-1 launches in recent memory. The next price move could turn this opportunity into hindsight.

Final Thoughts

Ethena (ENA)’s fall and Filecoin (FIL)’s mild rebound show the limits of short-term trading cycles. BlockDAG, by contrast, has built steady upward momentum backed by verifiable progress. The presale price of $0.0015 offers a rare final entry before Genesis Day, with the TGE code now live for priority access.

The network’s rising adoption, global partnerships, and rapid funding growth confirm it’s more than a presale; it’s a functioning ecosystem in motion. With over $425 million raised and over 3.5M+ X1 users, BlockDAG’s consistent development pace and expanding testnet participation highlight genuine progress. As the countdown to Genesis Day continues, market analysts view this stage as the turning point that could define BDAG’s rise toward the next major Layer-1 valuation.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer:
This press release is for informational purposes only and does not constitute financial advice, investment solicitation, or an offer of securities. Cryptocurrency investments are volatile and carry risk, including total loss of capital. Readers should conduct independent research and consult licensed financial advisors before making any investment decisions. References to specific token prices or presales are provided for informational context only and do not imply endorsement or guaranteed performance.