Ethereum News Today: Cold Wallet Presale Rises 4,900% on Cashback Model as Ethereum Hits 1.74M Transactions

Cold Wallet ($CWT) has attracted significant attention in the crypto market, raising $5.9 million through its ongoing presale and offering a 4,900% return on investment (ROI) potential as the platform prepares for its official launch [1]. The project is generating momentum through a unique cashback model that rewards users for everyday blockchain activities such as transactions and asset swaps. This model contrasts with traditional wallets that typically charge fees, positioning Cold Wallet as a user-centric platform that aligns user activity with token appreciation [1].

At Stage 17 of its presale, Cold Wallet tokens (CWT) are priced at $0.00998, with a total of 703 million tokens sold so far. The project plans to launch at a target price of $0.50 per token, offering early investors a substantial upside [1]. Tokenomics further reinforce the project's sustainability, with 40% of the total 10 billion supply allocated to the presale and 25% dedicated to the cashback system. This structure is designed to incentivize continuous platform usage and long-term token retention [1].

In comparison, Ethereum has also seen impressive on-chain growth, with daily transactions hitting 1.74 million, surpassing the peak of the 2021 bull run. The increase in unique active addresses reflects broad adoption across decentralized finance (DeFi), NFTs, and enterprise applications. However, despite the strong fundamentals, Ethereum’s price has remained in a consolidation phase, raising questions about whether the market is valuing its utility appropriately [1].

Meanwhile, Pepe Coin (PEPE) has seen a sharp rise in trading volume and whale activity, driven by social media buzz and meme-driven hype. While this has led to short-term price surges, the token's reliance on volatile social sentiment limits its long-term sustainability. Unlike Ethereum, which is backed by ongoing infrastructure upgrades and real-world applications, or Cold Wallet, which introduces a novel utility-driven model, Pepe Coin remains a highly speculative asset with uncertain future performance [1].

The contrast between these three crypto assets highlights a broader market trend: while speculative assets can generate rapid attention and short-term gains, projects that offer tangible utility and sustainable incentive structures tend to capture more lasting investor interest. Cold Wallet’s presale success and cashback-driven model are indicative of this shift, particularly as investors increasingly seek real-world use cases beyond price speculation [1].

Cold Wallet is further enhancing its growth potential through a referral program that rewards both referrers and referees with bonus token allocations. This mechanism is designed to drive organic adoption while ensuring continued engagement with the platform [1].

Source: [1] Cold Wallet’s $5.9M Presale & Cashback System Outpace ETH’s 1.74M Transactions & Pepe Coin’s $300M Spike! (https://cryptofrontnews.com/cold-wallets-5-9m-presale-cashback-system-outpace-eths-1-74m-transactions-pepe-coins-300m-spike/)