Ethena Soars 28 as Partnerships Drive Momentum and VeChain Targets 340 Price Move

Ethena (ENA) has experienced a significant price surge, rising over 13% on July 25, fueled by large-scale purchases including over $1 million worth of ENA bought by Arthur Hayes [1]. This momentum continued with a 28% increase, pushing the token closer to the $1.00 level, driven by growing adoption and partnerships such as its recent collaboration with Anchorage Digital [1]. Over $7.7 billion in total value remains locked in Ethena’s ecosystem, with platforms like StablecoinX integrating ENA for broader utility [1]. Analysts have noted that price projections based on Fibonacci retracement levels suggest a potential range between $0.85 and $1.00 as key resistance targets [1].

Meanwhile, VeChain (VET) is making strides in enterprise blockchain adoption through its Stargate upgrade, which now supports NFT staking and enhanced app integrations [1]. The project also announced a strategic partnership with Franklin Templeton to tokenize payments on its BENJI platform, marking a step toward real-world blockchain usage [1]. Analyst Michaël van de Poppe has highlighted a potential 340% price move from current levels, projecting a target near $0.12 based on chart patterns and long-term price models [1]. While the price remains near $0.03, the project’s focus on tangible developments and steady holder retention sets it apart in a market often dominated by hype.

In a different approach, Cold Wallet’s CWT token has attracted attention with a presale that has already raised $5.7 million. Unlike many projects that rely on future promises, Cold Wallet’s cashback model is already operational. Users earn CWT rewards for gas fees, swaps, and other on-chain activities, effectively turning transaction costs into earnings [1]. The presale operates in 150 price stages, with the current price at $0.00942—well below its confirmed launch price of $0.35171, suggesting potential upside of over 40x based on the projected price [1]. The token is distributed through a controlled release plan, with only 10% unlocked at launch, followed by a gradual release over three months to support price stability [1]. Additionally, a 10% bonus is offered to direct buyers, and a 5% bonus for referrals is drawn from a separate supply pool [1].

Cold Wallet’s model is gaining traction as it offers immediate value to users and is built around active usage. Cashback rewards in USDT are being distributed now, and future wallet tasks such as gas, trading, and bridging will also generate CWT automatically [1]. With reward rates reaching up to 100% on gas fees, the platform is positioning itself as a user-centric alternative to traditional crypto models [1]. This immediate utility, combined with a low entry price, has contributed to Cold Wallet’s recognition as one of the top cryptos to watch [1].

The current market dynamics highlight a shift in focus from speculative hype to real-world utility and user incentives. While Ethena and VeChain demonstrate progress through institutional partnerships and protocol upgrades, Cold Wallet offers a unique value proposition by rewarding users for every on-chain activity [1]. With a working product and growing user engagement, CWT represents a different kind of momentum—one that is driven not by future potential but by present-day rewards and tangible use cases [1].

Source: [1] Ethena Price Surges, VeChain Expands, as Cold Wallet Holds Strong for 1000x with $5.7M Raised in Presale (https://coinmarketcap.com/community/articles/68928e10224d8d2a95dd866c/)