Cold Wallet's $270M Plus Wallet Acquisition Sparks Market Buzz

HBAR, the native token of Hedera, surged over 40% in a seven-day period, reaching a price of approximately $0.26, as increased adoption and institutional interest drove optimism. A U.S. DeFi report highlighted its growing relevance, while Australian usage of HBAR-based stablecoins further underscored its real-world application. Institutional adoption, including Lloyds and Aberdeen’s move into tokenized assets on the Hedera network, has also boosted credibility for the project. Technically, HBAR faces resistance between $0.258 and $0.265, with a potential upward push to $0.30 or even $0.35 if it breaches these levels [1].

Bitcoin Cash (BCH) has shown resilience, rising 142% since April to reach $608. This marked a reversal from a year-long downtrend and has seen most long-term holders remain in profit. However, signs of slowing momentum are emerging, with reduced liquidity inflows and fewer large-volume transactions observed. Approximately 85% of holders remain in the green, and with 39% of the supply controlled by whales, the direction of BCH in the coming months remains uncertain [1].

Meanwhile, Cold Wallet has made a significant splash in the market with its $270 million acquisition of Plus Wallet, a platform with over 2 million users. This acquisition expanded Cold Wallet’s user base and infrastructure, enhancing its market presence. All Plus Wallet users were seamlessly migrated without requiring action, preserving their settings and balances. The platform distinguishes itself by rewarding users for swaps, gas fees, and other activities rather than charging for them, using its native token CWT to power a cashback-based reward system. With over $5.7 million in presale funding, the platform has attracted attention and interest from whale investors [1].

CWT is currently priced at $0.00942 in its Stage 16 presale, with a confirmed listing price of $0.3517, offering a potential 3,631% return. As each presale stage raises the price, demand from whale investors has increased, narrowing the window for entry. This makes Cold Wallet a standout among emerging crypto projects with strong growth potential [1].

Hedera’s rise reflects institutional interest and real-world adoption, particularly in stablecoin usage and tokenization partnerships. Bitcoin Cash, with its 142% increase since April, remains a key asset supported by older, proven technology. However, Cold Wallet appears to have the most explosive upside potential among the three, driven by its $270 million acquisition and the growing traction of its presale. With a unique value proposition and increasing whale participation, Cold Wallet is positioned as a top contender for high-growth investors in the current crypto landscape [1].

Source: [1] While HBAR Pumps 40% and BCH Holds Steady, Cold Wallet Shakes the Market With $270M Plus Wallet Deal! (https://coinmarketcap.com/community/articles/6893c3549ff08f0ef319974b/)