Cold Wallet Secures $5.65M in Presale as Toncoin Falls 3.63% and Ethena Targets $1.33

Cold Wallet ($CWT) is emerging as a key focal point in the evolving cryptocurrency landscape, having raised over $5.65 million and sold 680 million tokens in Stage 16 of its presale [1]. The project is attracting significant attention from large investors, who are making strategic purchases at $0.00942—well ahead of the next anticipated price increase to $0.00998. This early adoption is signaling growing confidence in Cold Wallet’s long-term potential. With a confirmed launch price of $0.3517, early presale participants are eyeing a potential return on investment of 3,625% [1]. Such returns are drawing interest not only from retail investors but also from institutional-grade wallets, which are positioning themselves in the early stages to capitalize on Cold Wallet’s trajectory [1].

Meanwhile, Ethena (ENA) appears to be setting up for a potential breakout, mirroring its 2024 rally. The coin is currently testing its 200-day moving average following a breakout from a falling wedge, a pattern that historically led to an 89% surge. A clean breakout above resistance at $0.70 could pave the way for a move toward $1.33, a level that marked the peak of its last major rally [1]. Traders are closely watching this technical setup, which is being supported by current price consolidation near the key resistance level. The psychological and technical significance of the $1.33 target cannot be overlooked.

In contrast, Toncoin (TON) is showing signs of weakness, having dropped 3.63% to $3.26. With trading volume surging nearly 50% in a single day, the increased activity suggests mounting selling pressure. The 200-day RSI indicator is approaching oversold territory, raising concerns about the stability of the $2.93 support level. A breakdown below this level could push TON toward $2.50, although some traders remain optimistic about a potential rebound to $3.43. Despite strong fundamentals like Telegram’s integration and scalability, market sentiment is being weighed down by fears of dilution and growing competition [1].

The broader market is characterized by uncertainty and caution, with many assets caught in sideways consolidation. However, Cold Wallet is carving out a distinct path. The level of whale participation and the sheer volume of tokens sold in its presale indicate that the project is not just attracting speculation, but serious investment. These large buyers are not focused on short-term gains but are positioning for long-term value [1]. In addition to financial upside, Cold Wallet also offers platform-specific benefits such as staking bonuses and exclusive product access, which are further reinforcing its appeal [1].

As the market remains in a state of flux, Cold Wallet’s early success highlights a clear trend: projects with strong whale backing and clear utility are gaining traction. With the presale continuing to attract significant capital and attention, Cold Wallet appears to be setting itself apart as a project with real momentum and investor confidence [1].

Source: [1]Cold Wallet Becomes 2025’s Whale Magnet with $5.65M Raised and 680M Tokens Sold as Toncoin Wobbles & Ethena Eyes $1.33! (https://cryptonewsland.com/cold-wallet-becomes-2025s-whale-magnet-with-5-65m-raised-and-680m-tokens-sold-as-toncoin-wobbles-ethena-eyes-1-33/)