Bitcoin News Today: Cold Wallet Raises $5.7M With 100% Gas Fee Cashback Model TRON Realized Gains Hit $1B Surpassing Bitcoin And Ethereum Cardano ADA Dips 2% Amid Bearish Whale Activity And Declining Volume

Cold Wallet has recently raised $5.7 million in just a few weeks, showcasing rapid adoption driven by a unique cashback model that rewards users for swapping, bridging, and paying gas fees [1]. Unlike traditional cold wallets, Cold Wallet (CWT) integrates financial incentives directly into the transaction process, offering up to 100% cashback on gas fees and 50% on other transactions depending on the amount of $CWT held [1]. With over 682.8 million tokens sold and a projected launch price of $0.3517, investors could potentially see a return exceeding 3,600% [1]. The wallet also features a tiered reward system that adjusts with user growth, including automatic halving mechanisms to maintain sustainability [1].

TRON (TRX) has experienced a significant surge in realized gains, outperforming both Bitcoin and Ethereum. According to data from Glassnode, the realized profits from TRX transactions have doubled Bitcoin’s $665 million and quadrupled Ethereum’s $337 million, while losses remain minimal at only $31,600 [1]. The SOPR (Spent Output Profit Ratio) indicator has crossed 1.04, signaling strong profit-taking by holders [1]. Daily earnings for TRON have approached $1 billion since mid-week, marking the longest ongoing profit streak for the network in months [1].

In contrast, Cardano (ADA) has struggled with short-term volatility despite notable on-chain developments. A $71 million treasury vote was approved with 74% community support, aimed at funding key upgrades such as node redesign and cross-chain functionality [1]. However, ADA has dropped approximately 2% on Wednesday and remains in a descending channel for the third consecutive week [1]. Whale activity has also been bearish, with large holders reducing their holdings since mid-July. Following a significant profit-taking event on July 25, the network's transaction volume declined sharply from $1.69 billion to $744 million [1].

The contrasting performance of TRON and Cardano highlights the unpredictable nature of the crypto market, where short-term sentiment can shift rapidly despite long-term strategic plans. Cold Wallet, however, is gaining traction not just as a tool for storing crypto but as a utility that actively generates value through its integrated reward system [1]. With no staking requirements and a user-friendly design, it is positioning itself as a practical solution for everyday crypto users [1].

Cold Wallet’s success in raising capital and attracting users underscores a growing demand for platforms that offer real-world utility and immediate financial benefits. While TRON demonstrates strong realized gains and Cardano faces near-term challenges, Cold Wallet is leveraging its fee-reversal mechanism to differentiate itself in a crowded market [1].

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[1] Cold Wallet Raised $5.7M Just by Flipping the Fee Game As TRON Gains Hit $1B & Cardano Faces 2% Drop (https://cryptonewsland.com/cold-wallet-raised-5-7m-just-by-flipping-the-fee-game-as-tron-gains-hit-1b-cardano-faces-2-drop/)