Nexchain Presale Tops $8M, PUMP Up 24% and SHIB Stabilizes
Nexchain has raised over $8 million in its Stage 24 token presale at $0.096 per NEX token, with a projected listing price of $0.30 implying a 313% return. The public testnet will launch on August 8, offering developers AI-enhanced token customization, 400,000 TPS via DAG and sharding, hybrid PoS consensus, and $0.001 fixed fees. Meanwhile, Pump.fun (PUMP) surged 24% this week to $0.0034, buoyed by a whale purchase of 1.06 billion tokens (~$3.3 million) and a 3x leveraged position. Shiba Inu (SHIB) found support at $0.0000120, holding above a key level and easing short-term selling pressure despite trading below its 50-day EMA. These developments underscore growing trader interest in long-term crypto presale projects, high-performance infrastructure and token rebounds ahead of 2025.
Bullish
The strong presale momentum for Nexchain, combined with a significant whale-driven rebound in PUMP and support holding for SHIB, indicates a bullish market outlook. Large-scale on-chain purchases historically precede positive price action—as seen in early presales of Avalanche and Solana—suggesting that institutional and retail investors may be positioning for further gains. Nexchain’s upcoming testnet launch and innovative AI-powered infrastructure enhance its long-term viability, while reduced selling pressure on SHIB and leveraged interest in PUMP reflect renewed trader confidence. In the short term, these catalysts can boost trading volume and price volatility; in the long term, successful testnet performance and mainnet adoption may cement Nexchain’s role in scalable blockchain solutions, further driving market enthusiasm.