Ethereum News Today: Cold Wallet Presale Surpasses $5.4M as Utility-Driven Growth Drives Adoption

Cold Wallet’s presale has surged past $5.4 million in Stage 16, with the token priced at $0.00942 and targeting a $0.3517 launch [1]. This growth is driven by the project’s utility-focused model, which differentiates it from speculative assets. Following the $270 million acquisition of Plus Wallet, Cold Wallet has added over 2 million users, enhancing its infrastructure and on-chain activity, key factors for potential Tier-1 exchange listings [1]. The acquisition also expanded the platform’s user base and integrated a cashback-based rewards system, increasing transaction value and user engagement [2].

The Cold Wallet token, CWT, operates on a structure that rewards users for swaps, gas fees, and fiat transactions with the token itself, incentivizing continued usage and boosting network volume. With 40% of tokens allocated to the presale and 25% reserved for user rewards, the model encourages active community participation [1]. This strategy aligns with a broader roadmap that emphasizes real-world utility and long-term growth, making Cold Wallet an attractive option for investors seeking more than speculative returns [3].

Meanwhile, Ethereum (ETH) has seen significant accumulation by large holders, with over $114 million worth of ETH scooped up in just 28 hours [4]. This surge in whale activity, amid a downtrend in ETH’s price, signals growing confidence in the asset’s long-term potential. On-chain data shows declining selling pressure and increased wallet consolidation, indicators typically associated with the early stages of a market recovery [5]. Analysts suggest that if ETH breaks key resistance levels in the near future, this accumulation could mark a turning point ahead of a broader rally.

On the technical front, Hedera (HBAR) is showing strong momentum as it approaches a potential breakout. The token has pushed past resistance near $0.32, supported by rising volume and consistent higher lows [6]. A daily close above $0.32 could open the path for HBAR to move toward $0.36–$0.40, with technical indicators such as RSI and MACD showing strength without signs of overextension [7]. This pattern suggests that Hedera may be emerging from a consolidation phase, setting the stage for a new upward trend if buying volume remains robust.

Cold Wallet’s unique structure and utility-driven approach contrast with the market dynamics of Ethereum and Hedera, which rely more on sentiment and technical indicators. While Ethereum’s whale activity and Hedera’s technical setup point to potential upside, Cold Wallet is building value through user adoption, real-world utility, and a structured tokenomics model [3]. With a growing user base and a clear focus on community-driven growth, Cold Wallet is emerging as a strong contender in the long-term crypto landscape [8].

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[1] Cold Wallet Presale Hits $5.4M by Stage 16 While Hedera and Ethereum Gear Up for Major Price Action https://coinmarketcap.com/community/articles/688e40843859914bd4fd18cd/