Ethereum News Today: Cold Wallet Presale Hits $5.4M as Plus Wallet Acquisition Boosts User Base and Exchange Prospects

Cold Wallet’s presale has reached $5.4 million in stage 16, with its native token, CWT, priced at $0.00942 before a projected $0.3517 launch. The project recently acquired Plus Wallet, adding over 2 million users to its ecosystem, and now offers a cashback system powered by CWT to incentivize on-chain activity. Unlike traditional wallets that charge for transactions, Cold Wallet pays users in CWT for gas fees, swaps, and on/off-ramp actions, creating a value-driven engagement model. The acquisition strengthens Cold Wallet’s infrastructure and expands its user base, both key metrics for Tier-1 exchange listings [1].

The $270 million acquisition of Plus Wallet is positioning Cold Wallet for potential top-tier exchange listings by providing increased user activity, strong on-chain data, and broader market reach. With 40% of tokens allocated to the presale and 25% to user rewards, the token distribution model prioritizes community growth over early investor benefits. Analysts suggest that this strategy supports long-term adoption and aligns with the criteria top exchanges look for in token listings. As the presale progresses, Cold Wallet continues to demonstrate practical value, differentiating itself from speculative projects [1].

Meanwhile, Ethereum has seen significant whale activity as top holders accumulated over $114 million in ETH within 28 hours following a price decline. This accumulation suggests strategic positioning rather than panic selling, with data indicating lower selling pressure and a concentration of holdings in fewer wallets. Such patterns often precede market consolidation or upward moves, as larger players take advantage of dips to build long-term positions. The behavior contrasts with smaller traders’ cautious sentiment, highlighting a divergence in market psychology [1].

On the other hand, Hedera’s HBAR token has shown rising bullish momentum, approaching the $0.32 resistance level. Analysts note increasing buying interest at each pullback, suggesting a potential breakout to levels as high as $0.40. Growing trading volume and a pattern of higher lows indicate that the market expects a shift in trend. Continued strength in these indicators, combined with no signs of distribution, supports the possibility of a sustained upward move in the medium term [1].

While both Hedera and Cold Wallet are gaining traction, the projects differ in their approaches to adoption and value creation. Hedera relies on technical momentum and speculative optimism, while Cold Wallet is building through real-world use cases and user incentives. The acquisition of Plus Wallet and the introduction of a cashback model provide CWT with practical utility and growth potential. For investors seeking long-term exposure, Cold Wallet’s focus on functional infrastructure and user retention offers a grounded alternative to market hype [1].

References:

[1] Cold Wallet Hits $5.4M in Presale as Hedera Targets $0.40 & Ethereum Whales Accumulate $114M (https://coinmarketcap.com/community/articles/688e0cd1b534031aa86b65de/)