Cold Wallet Acquires Plus Wallet for $270M as $CWT Hits $0.00942 in Presale

Cold Wallet’s $270 million acquisition of Plus Wallet has become a key development in the evolving Web3 landscape, signaling a shift from speculative early-stage activity to strategic expansion. The deal coincided with the $CWT token reaching $0.00942 in its presale, raising $5.5 million in Stage 16. This milestone highlights Cold Wallet’s ability to secure funding through user-driven mechanisms without relying on venture capital or speculative trading [1]. Analysts note that the move reflects a broader trend toward platforms prioritizing utility and user rewards, as Cold Wallet’s presale model combines financial incentives with real-world use cases [1].

The acquisition is not just a financial maneuver but a strategic one, as Plus Wallet had grown rapidly, reaching over 2 million users in seven months [1]. Cold Wallet’s decision to integrate the platform underscores a focus on scalable infrastructure and user-centric design, differentiating it from competitors like MetaMask and Trust Wallet, whose recent updates have been limited to branding or internal adjustments [1].

Meanwhile, Hedera (HBAR) experienced a market surge after its listing on Robinhood, with 24-hour trading volume surpassing $500 million. The move increased accessibility for retail investors and contributed to a stronger market presence. Analysts attribute the price resilience to Hedera’s real-world business integrations and its established network infrastructure. The token has maintained momentum above key resistance levels, with some experts suggesting a potential retesting of short-term highs [1].

Ethena (ENA) also saw a notable price increase, driven by a $2 million buy that pushed its value up by more than 20%. The surge indicates growing institutional interest in the protocol’s synthetic yield and open finance models. The volume and price behavior reflect a broader market validation of Ethena’s utility-based approach, as investors increasingly prioritize projects with clear, functional use cases [1].

Cold Wallet’s acquisition and presale success highlight a growing emphasis on user-driven development in the crypto space. Unlike traditional venture-backed models, Cold Wallet’s approach prioritizes community participation and long-term utility, aligning with a shift toward more sustainable growth. This strategy is supported by the recent performance of HBAR and ENA, which both reflect increased market confidence in projects with tangible applications and clear value propositions [1].

The broader implications suggest that the next phase of crypto growth will be defined by projects that integrate utility, governance, and financial incentives in a cohesive way. Cold Wallet’s actions position it as a leader in this movement, offering a blueprint for how platforms can scale without sacrificing user control or financial sustainability [1].

Source: [1]Cold Wallet Demand Surges as It Hits $0.00942 in Presale After $270M Deal, While Hedera Joins Robinhood & Ethena Sees Price Surge (https://coinmarketcap.com/community/articles/6891e7a442af787dbf7cc0a3/)