Cold Wallet Presale Offers 50x Potential as SUI Bags $450M and SEC Delays Litecoin ETF

The crypto market continues to shift as three major developments gain attention: Cold Wallet’s presale nearing a potential 50x return, the SEC’s continued delay on Grayscale’s Litecoin ETF application, and a $450 million institutional allocation to the SUI token. Each of these events is influencing investor sentiment and market activity.

Cold Wallet (CWT), a self-custody crypto wallet, is drawing strong interest ahead of its token launch, with early presale participants purchasing tokens at prices well below $0.01. With a confirmed launch price of $0.3517, this creates the potential for a 50x return on early investment [1]. The project has raised over $5.7 million in just weeks and is now in stage 16 of its 150-stage presale. A referral program further accelerates growth, offering new users a 5% bonus and referrers a 10% bonus on token purchases [1]. In addition, Cold Wallet recently acquired Plus Wallet for $270 million, bringing in an estimated 2 million users [1]. These factors are contributing to growing optimism around CWT’s potential, especially as it remains below $0.01 and offers daily-use rewards to users.

Meanwhile, the U.S. Securities and Exchange Commission has once again delayed its decision on Grayscale’s application to convert its Litecoin Trust into a spot ETF. The new deadline is now October 10, marking the third extension since January [1]. While the SEC has not requested additional public input, the delay has caused Litecoin’s price to dip nearly 2%, extending its weekly loss past 7% [1]. Analysts remain divided, with some suggesting that at least one Litecoin ETF could still be approved this year despite the setbacks.

On the institutional front, SUI is receiving renewed attention after Mill City Ventures allocated $450 million to the token as a primary treasury asset. This represents one of the largest institutional allocations to a single token in recent months [1]. Nearly 98% of the investment went directly into SUI, signaling strong long-term confidence in the asset. Galaxy Digital and Pantera have also supported the move, and current price analysis shows SUI holding key support around $3.80, with a potential breakout past $4.35 possibly leading to $5.18 [1]. The shift highlights growing institutional participation and could influence broader market dynamics for SUI.

The interplay between these three developments is shaping the altcoin landscape. Cold Wallet’s presale momentum and institutional moves in SUI suggest that retail and institutional investors are both seeking opportunities in early-stage projects and well-backed tokens. The Litecoin ETF delay, while creating near-term uncertainty, continues to be a focal point for regulatory watchers and those hoping for broader ETF approvals across the crypto space.

As Cold Wallet’s presale progresses with over 135 stages remaining, and SUI holds key technical levels amid strong buy-side activity, market participants are closely watching for further developments. The potential for a 50x return on CWT, combined with institutional backing for SUI, is adding to the narrative of a market that is still seeking growth amid regulatory uncertainty.

Source: [1] Cold Wallet Nears 50x, SEC Delays Litecoin ETF, SUI Moves $450M (https://coinmarketcap.com/community/articles/68936f181d74da171fb86afa/)