Ethereum News Today: Cold Wallet Presale Surpasses $6M as Ethereum Climbs Past $4,500 and Monero Slumps 6%

Cold Wallet’s presale has surpassed $6 million in funding, with over 706 million tokens sold, as Ethereum’s price pushes above $4,500 and Monero faces growing security risks due to a 51% hashrate concentration by Qubic [1]. The rapid rise of Qubic’s mining power has sparked concerns over Monero’s decentralization, with experts warning that such dominance could lead to block reorganization or transaction censorship. Monero’s price has dropped nearly 6% in 24 hours amid these developments [1]. Meanwhile, Ethereum has seen a surge in institutional interest, with ETF inflows exceeding $1 billion in a single day, largely driven by BlackRock’s $640 million contribution. This has pushed Ethereum’s price toward a key $5,000 level, with analysts suggesting it could rise further if the momentum holds [1].

Cold Wallet, a crypto wallet project, has captured investor attention with its presale strategy. The project’s token price has risen from $0.007 in Stage 1 to $0.00998 in Stage 17, with a listing price of $0.3517 offering the potential for a 3,400% return. With over $6 million raised and more than 730 million tokens sold, the presale is progressing at an unprecedented pace. The speed is not just due to speculative interest—Cold Wallet has integrated a $270 million acquisition of Plus Wallet, which ensures immediate access to over 2 million users. Every transaction within the wallet will refund fees directly in Cold Wallet’s native token, creating a daily earnings model for users [1].

The urgency around Cold Wallet’s presale is compounded by the scarcity of available tokens at each stage. As Stage 17 nears sell-out, the cost of entry is expected to rise, further narrowing the potential ROI window. Investors are advised to act quickly, as delays could mean paying significantly more for the same upside. This dynamic is particularly notable in a market where Ethereum’s rally and Monero’s instability highlight the broader volatility and shifting opportunities in the crypto space [1].

The rapid evolution of the market underscores the importance of timing and strategy. While Ethereum’s institutional adoption and Monero’s security challenges reflect larger industry trends, Cold Wallet’s presale success illustrates a unique blend of demand and utility. The integration of Plus Wallet not only boosts immediate liquidity but also strengthens Cold Wallet’s position as a potential long-term player in the crypto wallet ecosystem [1].

Source: [1] Cold Wallet Presale Rockets Past $6M as Ethereum (ETH) Momentum Builds and Monero (XMR) Security Concerns Build (https://coinmarketcap.com/community/articles/68a27c311ef5bf7de6c061d9/)