The crypto space in 2025 is filled with projects makinAdd Postg headlines, yet each one brings a very different weight. Ethena’s progress has been highlighted after Mega Matrix submitted a $2 billion shelf registration, aiming to assemble a treasury around ENA, linking conventional finance with decentralized governance.
At the same time, Toncoin (TON) shows technical signals of volatility. The symmetrical triangle structure on its charts suggests a 50% price movement, with targets stretching either upward toward $4.70 or downward near $1.60, depending on the breakout.
However, the strongest contrast comes from BlockDAG (BDAG). With nearly $410 million already raised, 3 million mobile miners active daily, over 312,000 holders, and a limited-time entry price of $0.0013 despite Batch 30 being valued at $0.03, it marks itself as the crypto to watch in 2025.
Mega Matrix Files $2B Shelf to Support Ethena Treasury
Mega Matrix, listed on the NYSE, has filed for a $2 billion shelf registration with the SEC to build a digital treasury based around Ethena’s governance coin, ENA. Approval would let the firm issue securities in the future to accumulate ENA, linking its treasury directly to governance and potential revenue sharing of Ethena’s USDe stablecoin.
The announcement initially caused a 6% dip in Mega Matrix shares, showing market caution, but the concept of aligning a corporate treasury with a stablecoin-native governance coin remains unusual.
This move highlights how some parts of traditional finance are testing direct exposure to on-chain governance. For Ethena, this could signal a stronger position in governance discussions, making it a noteworthy case to track in the months ahead.
Toncoin’s Technical Pattern Points to 50% Potential Swing
Toncoin’s chart is edging toward the conclusion of a symmetrical triangle, a formation known for strong price moves. Analysts highlight the possibility of a 50% swing either upward to the $4.50–$4.70 range or downward toward $1.60–$1.70. The upcoming breakout direction will determine the short-term future of TON.
Traders should carefully watch $3.00 support, as a breakdown there could trigger sharper losses. On the other side, clearing the $3.44–$3.50 resistance band could fuel bullish momentum. Market cues from Bitcoin and Ethereum are expected to influence how Toncoin behaves when this breakout unfolds.
BlockDAG at $0.0013: The Rare Point of Convergence
Each major crypto run tends to have a moment when whales, institutions, and retail align together. BlockDAG appears to be at that stage now. Despite Batch 30 pricing the coin at $0.03, a limited-time offer allows entry at $0.0013 until October 1, creating a unique chance given the activity behind it.
Early buyers came in at $0.001 and are not sitting on 2900% ROI. With over 26.2 billion coins sold and nearly $410 million raised, the project is still at a low entry point relative to its adoption metrics.
Whales have already made moves, with single buys of $4 million and $3.6 million showing strong capital backing. Institutions are circling, drawn by the scale of adoption: 3 million active mobile miners, over 19,000 rigs being shipped, and 312,000 holders across 130 nations. Meanwhile, retail groups are realizing that growth isn’t just projected in a document but is unfolding in real time.
This convergence between whales, institutions, and retail has not been seen since Bitcoin’s early shift to mainstream adoption. For those analyzing long-term prospects, BlockDAG shows the characteristics of a rare overlap moment: priced at entry levels while already operating at a scale many projects only aspire to reach.
Final Call
Those weighing the top crypto for 2025 need to separate speculation from adoption. Ethena offers intrigue through its $2B treasury plan but depends heavily on the adoption of governance linked to stablecoins. Toncoin’s triangle setup suggests volatility and a 50% potential move, yet it remains tied to broader market sentiment from Bitcoin and Ethereum.
By contrast, BlockDAG blends adoption milestones with a presale price still near early-stage levels. Despite billions of coins sold and nearly $410 million raised, its $0.0013 offer point keeps it accessible while whales, institutions, and retail all participate simultaneously.
This situation makes it not just another presale but a rare overlap where fundamentals and mass interest align. For 2025, BlockDAG demonstrates qualities that position it as the standout in the ongoing crypto race.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
