Cold Wallet Surges 10% Cashback Rewards Drive Immediate Returns

Bittensor (TAO) remains stagnant near $412 as trading volume dropped 17% in the last 24 hours to approximately $195 million [1]. The price has struggled to break past the $435 resistance level, with analysts highlighting the $377–$393 range as a critical support zone [2]. Despite the sideways movement, technical indicators suggest a slight bullish tilt, with a potential breakout above $435 seen as a precursor to higher targets like $520 and $740, provided volume increases [3]. However, TAO’s performance remains closely tied to broader market momentum and investor sentiment.

ONDO has emerged as a standout performer, surging 47% on the back of a spike in wallet activity and anticipation of an ETF launch. Weekly active wallets reached 1,804 on July 23, significantly above previous averages [4]. The 21Shares spot ONDO ETF filing, which links the token to real-world assets like tokenized Treasuries, has intensified interest. Futures open interest is now approaching $600 million, indicating strong derivatives engagement [5]. While ONDO’s rally is driven by real user growth and institutional interest, its future success depends on the approval of the ETF and sustained wallet adoption.

Cold Wallet (CWT), in contrast, is gaining traction by offering immediate cashback rewards for transactions such as swaps and bridge actions, with top users earning up to 10% on gas fees [6]. Unlike traditional staking models, Cold Wallet rewards users for simply using the wallet, without lockups or complex interfaces. At $0.00942 in Stage 16 of its presale, the token has already generated over $5.7 million in funding with more than 658 million coins sold [7]. The project’s model creates a self-sustaining reward loop, distinguishing it from speculative tokens that rely on future expectations.

TAO’s need for a clear breakout and ONDO’s dependence on regulatory and adoption developments contrast sharply with Cold Wallet’s immediate, reward-driven value proposition. While TAO and ONDO remain subject to market volatility and external factors, Cold Wallet offers a consistent return mechanism for users who engage with the platform. The token’s low entry price and active reward system make it an attractive option for investors seeking tangible returns without prolonged waiting periods.

The broader crypto landscape is showing signs of favoring projects with clear utility and real-time value generation. Cold Wallet’s cashback model, TAO’s stability at $412, and ONDO’s ETF-driven surge reflect this trend. As the market continues to evolve, projects that offer direct incentives and practical use cases are likely to attract a wider range of investors. The performance of these tokens over the next few months will be a key barometer for market confidence and regulatory momentum, particularly under the Trump administration’s pro-crypto stance.

Sources:

[1] Tekedia (https://www.tekedia.com/page/2/?p=..%2Fpage%2F334%2F%2Fpage%2F3%2F&srsltid=AfmBOoodIxh0K7jWhGrmwT9LzhczAPLw8W5upmEqMHugCD7DUjkyGjZc)