HYPE Struggles With Exploit, TAO Charts a Rally, But BlockDAG Moves Ahead With $211.5M Raised

2025-4-5 21:51

While Hyperliquid deals with a major exploit and Bittensor gains strength on the charts, another project is pushing forward at full speed. BlockDAG’s presale recently surpassed $211.5 million, catching attention with performance, tools, and design that speak directly to developers and long-term builders.

In contrast, HYPE is trying to recover from a $12M loss linked to a low-liquidity token, while TAO continues its rally after clearing resistance. These two are attracting headlines, but BlockDAG is quietly establishing itself as a serious player—with infrastructure already in place and tools that make development easy and accessible.

Hyperliquid (HYPE) Battles Trust Issues Following $12M Loss

Hyperliquid recently experienced a major exploit involving its Hyperliquidity Provider (HLP) vault. The loss, caused by trades using the thinly traded JELLY token, totaled more than $12 million. One trader deposited $7.1 million and manipulated price movements, triggering widespread losses.

Following the incident, HYPE dropped 14% and now trades at $14.23. While Hyperliquid has promised to reimburse most users through its Hyper Foundation, the damage has made users cautious. Validators and protocol settings are being reviewed for improvements.

This dip might be attractive for some, assuming Hyperliquid can act quickly to restore platform stability. But until that happens, traders will likely remain cautious.

Bittensor (TAO) Breakout Targets $750 if Momentum Holds

Bittensor (TAO) has caught trader interest after moving out of a six-month wedge pattern. This formation often marks a change in direction, and TAO’s breakout is supported by rising volume and strong technical indicators. At the time of writing, the token trades near $275.

Indicators like RSI and MACD show upward strength, while open interest has climbed more than 10% in just 24 hours. If TAO can clear the $300 barrier, analysts are eyeing $750 as the next possible level.

Whether it gets there depends on how long current momentum lasts. But the structure is in place for a continued rally, and short-term traders are paying attention.

BlockDAG Is Becoming a Developer Hub—Here’s Why That Matters

BlockDAG’s design is catching developer interest for several practical reasons. Unlike Ethereum, which slows down under high use and creates expensive fees, BlockDAG handles more activity without pushing costs higher. Its hybrid system, which uses Directed Acyclic Graph (DAG) structure combined with Proof-of-Work, allows for thousands of transactions per second.

Gas fees stay low, which is useful for developers building platforms that rely on frequent interactions. This cost-efficiency, combined with speed, removes two major pain points seen on Ethereum.

What’s helping BlockDAG attract builders even more is its developer toolkit. From a no-code Token Creation Wizard to a simplified environment for smart contract deployment, the platform removes a lot of the technical barriers new developers face. Even those new to blockchain can launch assets with minimal effort.

Security is also part of the equation. With multiple miners validating transactions at once, BlockDAG offers an alternative to Ethereum’s network congestion and occasional vulnerabilities. It also improves defense by limiting single points of failure.

These strengths are backed by numbers. BlockDAG’s presale has now raised over $211.5 million, with 19.1 billion BDAG coins sold. Current pricing in Batch 27 is $0.0248, which reflects a 2,380% return since the presale’s beginning.

As listings on 10 exchanges approach, and developers continue to onboard, BlockDAG appears to be building toward more than just hype. It’s building for long-term usability and scale.

April’s Crypto Outlook: Comparing Three Trending Projects

Hyperliquid has its work cut out. The platform’s recovery efforts are important, but confidence needs time to rebuild. HYPE could rebound if those efforts are successful, but it remains a watch-and-wait case for now.

Bittensor looks ready for a strong move. Its recent chart breakout and rising interest point to potential short-term gains, especially if it can hold above current levels.

Then there’s BlockDAG. This isn’t just a presale play—it’s a platform already showing signs of sustained growth. From its simplified development environment to its $211.5 million raise, it’s offering both infrastructure and opportunity.

Builders are shifting their focus from Ethereum’s limitations to what BlockDAG can offer. With more tools coming and mainnet on the horizon, it’s positioned as more than a temporary pick. It could be one of 2025’s most talked-about projects—and it’s already showing why.

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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211 blockdag charts exploit surpassed million catching