BONK Surges 46% on Massive Token Burn as Cold Wallet Offers 100% Gas Fee Cashback

BONK and Ethena (ENA) are drawing renewed attention amid strong market moves, while Cold Wallet (CWT) is positioning itself as a utility-driven player with real-time user benefits. BONK surged 46% following a massive burn of 500 billion tokens, a move that reduced its circulating supply and signaled a more deflationary path [1]. This has reinvigorated interest in the meme coin, which now ranks among the few taking active steps to manage supply, potentially improving long-term value perception. Analysts note that such token burns can boost prices when combined with sustained demand, and BONK’s recent volume spike supports this idea [2].

Meanwhile, Ethena climbed 20% after on-chain inflows surpassed $2 billion, driven largely by whale accumulation and increased usage of its AI-based stablecoin, USDe [3]. The rising adoption of AI-driven crypto tools is evident, and ENA’s price trajectory reflects this growing interest in functional utility. Analysts believe the increased volume of USDe indicates movement beyond speculative trading, signaling broader integration into real-world applications [4]. With whale activity and liquidity strengthening, the trend could continue if the current momentum holds.

In contrast, Cold Wallet takes a different approach. Its Diamond tier offers up to 100% gas fee cashback, providing real-time financial benefits for users engaged in frequent on-chain activities [5]. The cashback covers swaps, gas, and fiat on-ramps, making it particularly attractive for high-volume traders, DAO participants, and DeFi users. Cold Wallet’s Stage 16 presale is ongoing at $0.00942, offering early contributors immediate utility and rewards [6]. Unlike traditional wallets, Cold Wallet integrates instant cashback without requiring additional tools, delivering tangible savings directly tied to usage.

The broader market is seeing a shift from passive value propositions to active user incentives. While BONK and ENA rely on supply reduction and AI adoption, Cold Wallet is flipping the script by offering direct financial rewards from the first transaction. High-volume users can achieve zero gas spending by holding more CWT, and its referral program distributes USDT instantly [7]. With a live presale and a ready-to-use platform, Cold Wallet is building a model where benefits align directly with user activity.

BONK’s supply cut and ENA’s AI-driven inflows highlight ongoing momentum in the crypto space, but Cold Wallet’s approach could define the next phase of utility-driven adoption. By combining immediate financial incentives with a straightforward, user-friendly interface, it is setting a new benchmark for crypto wallets [8].

Sources:

[1] BONK Deflation Spike, ENA Rallies, & Cold Wallet Promises Huge Rewards (https://coinmarketcap.com/community/articles/689174d2d81833061c47ec2b/)