Bittensor Stagnates Near $412 as ONDO Surges 47% on ETF Hopes and Cold Wallet Gains Presale Momentum

Bittensor (TAO) remains in a tight trading range near $412, with volume declining by 17% to $195 million in a single day. The token failed to break above the $435 level and is currently supported between $377 and $393, where it has bounced previously. Technical indicators show mixed signals, but a breakout above $435 could signal a potential move toward resistance at $520 or even $740 if trading activity increases [1].

Meanwhile, ONDO has surged 47% following a spike in wallet activity and news of a proposed spot ETF by 21Shares. On July 23, daily wallet usage hit 1,804, a significant increase compared to earlier levels. The ETF filing—focused on real-world assets like tokenized U.S. Treasuries—could attract institutional interest if approved. Open futures interest has also reached nearly $600 million, indicating growing speculative activity [2].

Cold Wallet ($CWT) is drawing attention as a project that offers immediate rewards for users’ everyday crypto activity. Unlike TAO and ONDO, which depend on price trends or regulatory outcomes, Cold Wallet provides cashback on gas fees, instant returns on swaps, and referral incentives—all without the need for staking or waiting. The token is currently trading at $0.00942 in Stage 16 of its presale, having raised $5.6 million to date. This early-stage model gives active users a chance to benefit before rewards scale further [3].

Cold Wallet’s value proposition differs from traditional crypto projects by focusing on user activity rather than volatility. Users can earn up to 10% cashback on gas fees and receive real-time rewards for transactions and referrals. The platform operates without locking mechanisms or complicated interfaces, making it accessible to both experienced and new users. As the token remains in the presale phase, it is positioned to offer immediate utility while other projects wait for market or regulatory developments [4].

Bittensor’s performance remains dependent on breaking key trendlines, while ONDO’s growth is linked to ETF approval and broader adoption. In contrast, Cold Wallet provides active and immediate returns for daily use, which could set it apart as a more predictable option for users looking to earn value without depending on market swings [5].

[1] https://coinmarketcap.com/community/articles/68912e819d7def5673c1c1c2/