Ethereum News Today: Cold Wallet Presale Hits $6.2M as Ethereum and Cardano Gain Momentum

Cold Wallet has raised over $6.2 million in its ongoing presale, signaling robust investor interest in the project as the broader cryptocurrency market shows signs of upward momentum. The fundraising milestone is occurring alongside a bullish outlook for Ethereum and growing optimism surrounding Cardano, with both projects attracting significant whale activity and market speculation [1].

Ethereum has shown strong accumulation patterns, with a single investor reportedly purchasing $1.34 billion worth of ETH in just eight days, distributed across 312,052 tokens using platforms like FalconX, Galaxy Digital, and BitGo. This large-scale buying aligns with Ethereum’s current price action near a Fibonacci level of around $4,324 and hints at possible institutional demand. If the price breaks past key resistance levels, it could move toward $4,587, though traders remain cautious about overbought conditions as indicated by the Relative Strength Index at 73 [1].

Cardano is also drawing attention with whales acquiring 200 million ADA—worth over $170 million—within two days. This move has reduced available supply and intensified upward pressure on the price, which currently hovers near $0.85. Analysts estimate a 75% chance of a U.S. Cardano ETF approval, which could further fuel price momentum and drive a potential 76% gain if it reaches $1.50 [1].

Cold Wallet, in contrast, is building value through direct utility rather than speculative hype. The platform offers cashback rewards for every transaction, transfer, or swap, providing immediate value to users. It has sold over 735 million tokens since its Stage 1 presale at $0.007, with each subsequent stage pushing the token closer to its final listing price of $0.3517. Stage 17 is currently priced at $0.00998, and with available supply dwindling, late buyers may miss out on the most substantial gains [1].

The project also benefits from a pre-existing user base of over 2 million active users, thanks to its acquisition of Plus Wallet and a $270 million valuation. Unlike traditional presales that focus on future promises, Cold Wallet is already delivering on its value proposition, making it a launch-ready system rather than an untested concept [1].

These developments are occurring amid a broader market shift, with Ethereum and Cardano drawing significant capital flows, and Cold Wallet offering a unique value model that combines accessibility, security, and immediate utility. As the crypto market continues to evolve, projects like Cold Wallet may become increasingly attractive to investors seeking both innovation and real-world application [1].