Ethereum News Today: Cold Wallet Presale Hits $5.9M After $270M Plus Wallet Acquisition

Cold Wallet’s $270 million acquisition of Plus Wallet has propelled its presale progress, with the project now in Stage 17 and having raised $5.9 million. The acquisition brought 2 million active users into the Cold Wallet ecosystem, providing immediate scale and engagement [1]. The token, $CWT, is currently priced at $0.00998 during the presale, with a confirmed launch price of $0.3517, offering a projected ROI of 3,423% for early buyers [1]. This positions Cold Wallet as a growing player in the crypto space, building momentum ahead of a broader market move.

In contrast, the Ethereum (ETH) price target continues to show bullish signs. ETH recently surpassed $3,900, supported by inflows into ETH-focused treasuries and ETFs. With 17 public companies holding over 1.74 million ETH, valued at nearly $6.9 billion, institutional demand remains strong [1]. BlackRock’s ETHA fund has exceeded $11 billion in assets under management, further reinforcing buying pressure. Analysts have identified $3,840 as a key support level, with the ETH price target projected to reach $4,000 before the end of the current quarter [1].

Meanwhile, the Tron (TRX) market outlook has taken a more cautious tone. Recent on-chain data from Glassnode indicates that long-term TRX holders have realized approximately $1.4 billion in profits this year, much of it from holdings dating back to 2020–2021 [1]. Despite strong performance in stablecoin transfers and DeFi usage, the sustained wave of profit-taking has softened momentum. Analysts note that such trends often precede slower growth phases. Investors are advised to monitor the Spent Output Profit Ratio (SOPR) and overall market trends to gauge whether selling pressure will ease or persist [1].

Taken together, these developments highlight diverging paths for ETH and TRX. Ethereum’s price target remains optimistic, driven by institutional adoption and ETF inflows, while Tron faces a period of consolidation amid profit-taking. Cold Wallet, on the other hand, is capitalizing on a unique opportunity, combining immediate user scale with a structured presale model designed to reward early participation. With over 703 million tokens sold and a 150-stage presale in motion, $CWT is positioned as a project that could gain traction before broader market movements take shape [1].

Source:

[1] Cold Wallet’s $270M Acquisition Accelerates Presale Growth as ETH Price Target & TRX Market Outlook Signal Different Paths (https://coinmarketcap.com/community/articles/689ad0c63962772b13d660ea/)