BlockDAG's X1 App Is Converting Users into Ambassadors, Fueling Organic Growth

When trust breaks, even the strongest price charts can tumble. Mantra (OM) is learning this the hard way after insider dump allegations triggered a 90% crash and

Mantra (OM) price has slid a staggering 90% in recent times, sparking unrest among the community following allegations of insider token dumps.

What began as an anticipation for ecosystem expansion has now turned into a reputational crisis for Mantra, with users expressing their outrage over a lack of transparency. The sharp price decline has been attributed to significant wallet movements, suggesting coordinated liquidations by early holders or insiders.

Despite officials' statements denying any wrongdoing, the damage to community sentiment appears deep. Trust, which was a pillar of the project’s growth, has fractured, leading to mass sell-offs and an exodus of support across social platforms.

As Mantra attempts to position itself within regulated digital asset zones, this lack of accountability could have serious implications.

Avalanche (AVAX) price displayed a bullish signal on July 11, as the crypto recovered by 4.50%.

Its 24-hour trading volume also surged by 24.83%, reaching $339.52 million.

This price uptick aligns with a broader market recovery from recent price dumps, and it’s likely to continue as investors digest the latest crypto news.

Moreover, investment firm VanEck has filed with the U.S. Securities and Exchange Commission to launch an Avalanche ETF, to be hosted on Nasdaq. The aim of the fund is to provide regulated exposure to the native token of the Avalanche blockchain, denoted as AVAX.

This initiative signifies a step forward in facilitating wider institutional participation in the cryptocurrency market.

Additionally, analysts, including Crypto Ahmet, are suggesting that the price of AVAX could potentially reach the $30 mark in the coming weeks. Their analysis highlights strong technical indicators and increased investor confidence, both of which bode well for further price gains.

Meanwhile, forecasts for April 2025 predict that AVAX will be trading between $16.33 and $20.47, with an average price of $18.40.

Together, these developments indicate a positive outlook for AVAX as it continues to be a subject of interest among investors.

Mantra (OM) has seen its price plummet by a staggering 90%, pushing its community into a frenzy.

The ecosystem expansion that was initially anticipated has now been met with widespread outrage from users over a lack of transparency, especially regarding potential insider activity.

The crypto behemoth slid to $0.0098, marking a substantial decline from its previous price point of $0.10. This sharp price drop has been attributed to significant movements in large wallets, hinting at coordinated liquidations by early holders or insiders.

Despite officials' statements denying any wrongdoing, the damage to community sentiment is evident. Trust, which was a key factor in the project’s initial growth, has fractured.

This has triggered an exodus of community members from Mantra's support on social platforms and پیامرسانs. As the project faces scrutiny for its attempt to position itself within regulated digital asset zones, calls for an independent audit and greater accountability are on the rise.

In other news, investment firm VanEck has taken another step toward expanding the crypto ETF universe.

The firm filed with the SEC on Monday to launch the VanEck Digital Asset ETF, which will be listed on Nasdaq and will aim to provide efficient and broad coverage of the major cryptocurrencies.

The ETF will use a unique index that will be constructed using a rolling three-month snapshot of the market. It will be benchmarked to the MVIS Digital Asset 100 Index, which tracks the performance of the largest and most liquid cryptocurrencies.

The ETF will also be actively managed, meaning that the investment firm will be able to make changes to the portfolio in response to market conditions.

This filing comes as the SEC is currently considering several applications for Bitcoin ETFs, and there is growing demand for institutional products that offer diversified exposure to the crypto market.

X1 App’s Referral Power: BlockDAG’s Secret Weapon for Global Growth

BlockDAG isn’t relying on ad spend to build momentum, it’s letting its users do the heavy lifting. To date, with over 1.1 million downloads already, the X1 App has become a viral engine, thanks to a smartly built referral system that rewards community-driven expansion. Importantly, every invite grows not just the user base, but also deepens network participation, turning early adopters into active ambassadors.

Moreover, the referral model does more than hand out bonuses. It ties user growth to network strength, helping BlockDAG scale organically across geographies, cultures, and demographics. In this context, more than just marketing, it’s a structural advantage: those who invite others unlock more mining capacity, XP bonuses, and higher in-app rewards. This, in turn, creates a flywheel effect that makes the growth stick.

In parallel, that traction is translating into real investor interest. BlockDAG has now raised $