Dragonchain Price Flies 115%, SEC Lawsuit Ends, Optimism Flares?

Updated

April 29, 2025

Gambar Dragonchain Price Flies 115%, SEC Lawsuit Ends, Optimism Flares?

Jakarta, Pintu News – Dragonchain, a project initially launched by Walt Disney in 2014, saw a 115% rise today.

This increase followed the United States Securities and Exchange Commission’s (SEC) decision to drop a lawsuit filed in 2022 related to securities violations.

Dragonchain, now operating as an open-source blockchain, offers a unique hybrid architecture that combines elements of both private and public blockchains.

Check out the complete information below!

History and Evolution of Dragonchain

Dragonchain began as the “Disney Private Blockchain Platform” developed by a team led by Joe Roets at Disney’s Seattle office. In 2016, Disney liberated this project into open-source software.

Afterward, Roets and his team founded the Dragonchain Foundation and Dragonchain Inc. to further develop and market the platform. Since then, Disney is no longer affiliated with the project.

Dragonchain’s patented Interchain technology enables integration with other blockchains such as Bitcoin and Ethereum , as well as legacy systems and APIs. This innovation positioned Dragonchain as a leader in blockchain interoperability at the time, even before the emergence of networks like Solana and Layer-2 solutions.

Also read: World’s First Ripple ETF Launched in Brazil, What’s the Future?

SEC Legal Cases and Their Impact

The Seven Years’ Wandering finally draws to its close.
We were never lost—only laying the ground.
Tomorrow, we begin to raise what was always meant to stand.

1100 CST / 1800 CET — Join us for what comes next.@dragonchain https://t.co/JZTuqG9mo9
— J O E D R A G O N (@j0j0r0) April 25, 2025

The Walt Disney Corporation, not known for its Web3 ventures, briefly took control of the project, focusing solely on pure blockchain infrastructure, without incorporating any cryptocurrency elements. However, shortly after becoming independent, Dragonchain developers launched the DRGN token through an Initial Coin Offering (ICO) in October 2017, raising approximately $13.7 million.

As of January 2018, DRGN’s market capitalization stood at $1.3 billion. In 2022, the SEC filed a lawsuit against Dragonchain, alleging an unregistered securities offering through the initial coin offering (ICO).

The DRGN token was at the center of the allegations, starting a period of legal uncertainty for the project. However, on April 25, 2025, the SEC finally dropped the lawsuit as part of a broader effort to reduce enforcement actions against the crypto industry.

Also Read: Pi Network (PI) Poised for Breakout Amid Rising Trading Sentiment, Here’s the Analysis!

Market Reaction and the Future of Dragonchain

The announcement of the SEC’s withdrawal of the lawsuit triggered a surge in the DRGN market and revived optimism within the project’s community. The token is up 115% today and 180% since last week.

In recent weeks, Dragonchain’s social media presence has focused on its blockchain utility and its exemption from SEC regulation. Although the crypto ecosystem has evolved significantly since the lawsuit began, Dragonchain has continued to maintain its commitment to the enterprise use case. The platform refuses to be considered a meme coin and continues to emphasize its focus on practical blockchain applications.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference