Nexchain hits Stage 24 in its crypto presale as PENGU eyes recovery and a Shiba Inu whale moves 40B tokens to Binance in one transaction.
The crypto market is active as presale projects and established tokens draw attention. Nexchain (NEX) has advanced to Stage 24 of its presale, Pudgy Penguins (PENGU) is attempting a short-term recovery, and Shiba Inu (SHIB) is back in focus after a large whale transaction.
Nexchain Moves to Stage 24 With Strong Presale Activity
Nexchain raised $8 million this week, moving its presale to Stage 24. The team confirmed its website issues are resolved and that the ongoing airdrop program is active. Current pricing for the NEX presale coin is $0.096, with a planned listing price of $0.30.
Source: Nexchain
The project is gaining traction in the web3 crypto presale market. Nexchain is building an AI-powered blockchain designed for high transaction speeds and cross-chain connections. Its smart contracts are designed to work across different blockchains while maintaining security and efficiency. The public testnet is scheduled to launch on August 8, 2025.
Nexchain is also targeting real-world use cases. It integrates AI for automation across sectors such as finance, healthcare, logistics, and public services. Token holders in this presale crypto stage can earn daily rewards, and a $5 million airdrop is ongoing, offering weekly prizes to community participants.
PENGU Trades Near $0.036 Amid Short-Term Recovery
PENGU trades at $0.036 with 24-hour volume over $635 million. The token is up 4% in the last day but remains down 17% for the week. Despite a short-term bounce, the broader pullback has not fully reversed.
The 4-hour Supertrend indicator sits at $0.03838 and acts as near-term resistance. A clear move above this level could suggest the start of a stronger recovery. The Relative Strength Index is at 53, showing improving buying activity without approaching overbought conditions.
Source: TradingView
Traders are watching for a potential breakout or continued sideways action. Market activity remains concentrated around this narrow range as buyers test momentum against nearby resistance levels.
Shiba Inu Whale Sends 40 Billion Tokens to Binance
Shiba Inu saw renewed whale activity after months of silence. Data from Arkham Intelligence shows that a wallet ending in F75a moved 39.99 billion SHIB to Binance, valued at about $491,590 at the time.
Blockchain records indicate this wallet originally received 60 billion SHIB from Binance hot wallets about eight months ago. It has made multiple large transfers since then, including two earlier deposits of 20 billion tokens each. SHIB has dropped more than 65% since February, and the whale appears to be continuing a steady distribution strategy.
Market Outlook for 2025
Nexchain remains one of the most active new crypto presale projects, with $8 million raised and its testnet launch approaching. Its combination of AI integration, daily token rewards, and cross-chain capability positions it as a presale coin with growing attention.
PENGU is seeing renewed activity as traders monitor resistance levels, while Shiba Inu’s whale movement keeps market participants alert. Together, these developments reflect a market where presale crypto tokens and established coins remain key areas of focus for 2025.
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Source: https://coindoo.com/crypto-bulls-bet-on-nexchain-will-it-beat-pengu-shib-in-2025/