Ethereum Whales Accumulate 640,000 ETH Amid Mixed Sentiment Solana Rallies 75% as Layer 1 Networks Gain Momentum Cold Wallet Raises Privacy Concerns in Crypto Market

Generated by AI AgentCoin World
Friday, Jun 6, 2025 12:06 pm ET2min read
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Ethereum (ETH) is experiencing a mixed market sentiment as whale activity shows both accumulation and selling pressure. Long-term holders have quietly accumulated around 640,000 ETH, the largest increase since 2018. However, approximately 305,000 ETH have been moved to exchanges, indicating potential selling pressure. Technical analysis suggests a bullish reversal with ETH breaking out of a multi-month falling wedge pattern and the RSI also showing upward momentum. Despite these positive signs, the recent surge of ETH moving to exchanges could bring more selling pressure, making the price direction uncertain.

Solana (SOL) is enjoying a bullish run, recovering from earlier instability. Layer 1 networks are gaining momentum, and SuiSUI-- has seen a 75% price surge as it joins the rally. Sui's price has jumped from $2.10 to $3.70 in just five days, recovering nearly half of its losses from earlier in 2025. This surge is driven by positive sentiment and growing activity, especially within the memecoin space. However, $27 million worth of SUI tokens have recently been moved to exchanges, indicating that some investors might be locking in profits. This could bring some selling pressure, but if Sui holds its ground above the 200-day moving average, it could present a solid buying opportunity for those betting on further gains.

Amidst these price swings, ColdCOLD-- Wallet stands out for its focus on privacy. As the crypto world becomes more like Web2 with increasing surveillance, Cold Wallet is one of the few projects addressing the urgent need for secure, private interactions. Every time a typical crypto wallet is used, it leaves behind a trail of data that can be tracked, sold, or exploited. Cold Wallet aims to put an end to this by using zero-knowledge proofs and eliminating trackers, allowing users to interact, trade, and check balances without compromising personal details or leaving behind data footprints.

Currently in Stage 11 of its presale at just $0.00853 with a launch price of $0.351, Cold Wallet is not about chasing trends but solving the real problem of on-chain exposure. Serious investors are already recognizing this, making it one of the most practical investments in the space. With privacy becoming a necessity as blockchain surveillance intensifies and regulations tighten, solutions that protect users, rather than expose them, will be in high demand. Cold Wallet is already functional, secure, and gaining traction among early adopters, positioning itself as one of the first movers in a rapidly growing niche.

In conclusion, while Ethereum and Solana show mixed signals and bullish momentum respectively, both miss a key issue in the crypto space: user privacy and data leaks. Cold Wallet steps in where others fall short, offering built-in zero-knowledge proofs and a tracker-free system. It is setting the groundwork for private, secure transactions in Web3. As the market shifts towards valuing infrastructure over hype, Cold Wallet stands out as an early-stage gem, positioned far ahead of others in solving one of crypto’s biggest challenges.

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