Dogecoin News Today: Cold Wallet Surpasses $6.3M Presale Amid Dogecoin Shifts and Arbitrum Volatility

Cold Wallet has surged past $6.3 million in presale funding, capturing significant attention in the cryptocurrency space as Dogecoin and Arbitrum remain in the spotlight. The project, now in Stage 17 of its token sale, has sold over 740 million tokens and has secured 2 million active users, fueled in part by its acquisition of Plus Wallet. What sets Cold Wallet apart is its innovative cashback model, where users earn rewards in $CWT tokens for everyday activities such as paying gas fees, swapping tokens, and bridging assets. This utility-driven approach is rare in the presale space and positions Cold Wallet as a potential outlier in the crypto market[1].

Meanwhile, Dogecoin has seen another whale-driven shift in recent days, with a massive 900 million DOGE—valued at roughly $207 million—transferred to Binance. While this initially caused a dip in the price from $0.25 to $0.22, the asset quickly rebounded to $0.23. The move has sparked speculation, with traders closely watching the $0.238 resistance level. If Dogecoin can break through this threshold, it may see a resurgence toward the $0.25–$0.27 range. A failure to do so, however, could send it back to test the $0.22 support level[1].

Arbitrum, on the other hand, is at a critical technical juncture. Traders and analysts are closely monitoring whether the asset can defend its $0.51–$0.52 support zone. If it can, some forecasts suggest a potential rally toward $0.90, with further upside possibilities reaching as high as $1.23 or even $1.70 under strong momentum. This optimism is partly fueled by Arbitrum’s growing role in the Ethereum Layer-2 ecosystem and its increasing use in DeFi and NFT transactions. However, a drop below $0.50 could signal a retreat into a narrower trading range[1].

Cold Wallet’s appeal lies in its tangible utility and rapid user adoption. With a current presale price of $0.00998 and a projected listing price of $0.3517, the token offers a potential return of over 3,400%. The project’s referral system also boosts participation, offering a 10% bonus for referrers and a 5% bonus for referees. Importantly, Cold Wallet is not just a speculative presale—it is a functional product with a live ecosystem and real-world usage. The project has allocated 25% of its token supply for cashback rewards and is exploring Layer-2 integrations to expand its utility[1].

As the crypto market remains volatile in August, Cold Wallet stands out as the only project offering both immediate utility and long-term speculative potential. Dogecoin continues to be a high-risk, high-reward asset, while Arbitrum remains in a technical balancing act. In contrast, Cold Wallet has already built a user base and tokenomics that reward participation from day one, making it a unique contender in the race for top crypto assets in 2025[1].

Source: [1] Cold Wallet Rockets Past $6.3M as Dogecoin Whale Moves and Arbitrum Eyes $0.90 (https://coinmarketcap.com/community/articles/68a5d72300db01532553fe38/)