Ethena Soars Over 100 in July Uniswap Launches Angstrom Cold Wallet Offers 100 Cashback

July has witnessed significant movements in the cryptocurrency market, with Ethena (ENA) and Uniswap’s Angstrom grabbing headlines while Cold Wallet ($CWT) quietly introduces a novel utility-driven model[1]. ENA surged past $0.60 in July, more than doubling in price within weeks and drawing attention from momentum traders who now speculate that the token could reach $0.80[1]. This surge, however, comes with inherent volatility, as previous ENA rallies have seen sharp reversals, suggesting that while short-term traders may benefit, long-term sustainability remains uncertain[1].

Simultaneously, Uniswap’s Angstrom DEX is redefining fairness in decentralized trading by implementing batch auctions and private order flows to prevent MEV (Maximal Extractable Value) manipulation[1]. Built under the Uniswap v4 Hook framework and backed by $7.5 million in funding, the platform aims to reduce slippage and hidden transaction costs, offering DeFi users a more transparent trading environment[1]. Analysts suggest that Angstrom could mark a turning point in how DeFi platforms handle trade execution, especially as MEV resistance becomes a priority for liquidity providers and traders[1].

Amid these developments, Cold Wallet is taking a different approach by integrating real-time cashback rewards directly into user activity. The platform rewards $CWT token holders for gas fees, token swaps, and fiat on-ramps, offering up to 100% gas cashback and 50% on swaps[1]. This utility-centric model shifts the traditional role of a crypto wallet from passive storage to active earning, creating a functional incentive for daily use. The Cold Wallet presale is currently in Stage 16, with the token priced at $0.00942, and over $5.6 million has already been raised[1]. The distribution spans 150 stages, with each stage increasing the price and reducing token availability, creating urgency for early participation. Early buyers receive 10% of their tokens immediately and the remaining 90% over three months, ensuring liquidity and ecosystem stability[1].

While Ethena and Angstrom focus on speculative momentum and technological innovation, Cold Wallet is building a system that operates and rewards users from day one. This approach contrasts with many emerging crypto projects that rely on untested models or short-term hype[1]. Cold Wallet’s real-time cashback mechanism and tiered presale structure present a tangible value proposition for both new and experienced users, emphasizing utility over speculation. In a market often dominated by volatility, Cold Wallet offers a rare blend of immediate functionality and scalable growth[1].

Source:

[1] Cold Wallet Cashback Launch Gains Steam as ENA Doubles and UNI Deploys Angstrom, https://coinmarketcap.com/community/articles/68912e81db840933c477af4d/