Cold Wallet Gains Traction As Bullish Crypto Amid Ethena And Pengu Rally

The crypto market is currently experiencing a convergence of momentum and adoption, with several projects standing out for their bullish potential in 2025. Among them, Ethena (ENA), Pudgy Penguins (PENGU), and Cold Wallet have attracted particular attention for different reasons. Ethena has recently crossed a $10 billion total value locked (TVL) milestone and is showing strong on-chain activity, while PENGU is benefiting from increasing trading volume and institutional interest. However, Cold Wallet is emerging as a standout due to its pre-built user base and unique cashback-driven model, which is seen as a strong differentiator in a market often dominated by speculation [1].

Ethena’s price has surged by 150% over the past month, driven by a combination of whale buying and technical signals such as the golden cross, where the 50-day moving average crosses above the 200-day average. This pattern is often interpreted as a sign of further upward momentum. Additionally, Ethena’s stablecoin USDe has become one of the top three in market cap, further underlining the project’s growing influence. Analysts suggest that the market strength is supported by $5 million in daily token buybacks and a consistent flow of whale activity [1].

Meanwhile, PENGU has also shown strong momentum, with a 17.5% spike in trading volume and a recent price of $0.0376. Analysts have identified a “flag and pole” pattern, which historically has led to sharp price surges. If this pattern plays out, PENGU could reach $0.075 by mid-September. Institutional moves are also adding credibility to the project, with Nasdaq-listed BTCS including Pudgy Penguins NFTs in its treasury. This move signals growing interest from traditional financial actors, although the asset remains speculative and carries risks [1].

Cold Wallet, however, is being positioned as the most direct and structured opportunity among the three. With 735 million tokens already sold and over 2 million users onboarded through its partnership with Plus Wallet, it has already secured a user base before launch. The project’s presale is currently in Stage 17, with a price of $0.00998, which is seen as the last entry point before the listing price of $0.3517 is reached. This creates a clear price trajectory for early buyers, and the cashback model is designed to keep users engaged and active over time [1].

Cold Wallet’s approach is distinct in that it does not rely solely on speculative demand or technical patterns. Instead, it combines pre-secured demand with a fixed utility model that creates a clear value path. This contrasts with Ethena, which still needs to solidify its growth beyond momentum, and PENGU, which depends on further technical follow-through. Cold Wallet’s structure is seen as more direct, with supply and demand already aligned in favor of early investors [1].

As the market continues to evolve, the race for top bullish crypto recognition is intensifying. While Ethena and PENGU remain strong performers, Cold Wallet is gaining traction for its structured growth and proven demand. With each day in Stage 17 bringing the market closer to a shift in demand dynamics, early investors are being urged to consider the opportunity before it closes [1].

Source: [1] Pengu’s Breakout Momentum And Ethena’s Price Rally Put Cold Wallet In Focus As A Bullish Crypto For 2025 (https://coinmarketcap.com/community/articles/68a0762bf1f7c046afacb487/)