Solana News Today: BNB Surges to $782 as Institutions Pump $610M, SOL Eyes $240, Cold Wallet (CWT) at $0.00942 Gains Momentum

Binance Coin (BNB) has experienced a significant price increase in recent days, reaching as high as $809 on July 23 and currently stabilizing around the $782 range. Institutional investors have added to this momentum, with firms like Windtree Capital and Nano Labs injecting over $610 million into the asset. Daily trading volumes have remained robust, hovering between $1.8 billion and $1.9 billion, and the market cap has held steady at approximately $108.8 billion. Despite this, technical indicators such as RSI and MACD suggest the rally could be losing steam, indicating that a new catalyst may be needed for the price to break through the $1,000 threshold. Long-term fundamentals, including deflationary token burns and increasing utility in treasury functions, remain a strong support for BNB [1].

Meanwhile, Solana (SOL) has also seen a notable price movement, with its current range sitting between $186 and $190 after briefly testing the $200–205 zone. Analysts are closely monitoring key support and resistance levels, with the next potential target set at $225–240 if the price remains stable. Institutional demand continues to grow, with entities like Upexi increasing their holdings to over 1.8 million SOL. Real-world integrations and expanding decentralized finance (DeFi) use cases are also contributing to SOL’s upward momentum. Some analysts project short-term gains to reach $400–500, while more ambitious forecasts suggest a potential $700 price level by the end of 2025. A speculative long-term projection even pegs SOL at $6,300 based on technical chart patterns, though this remains highly optimistic [1].

Amid these developments, Cold Wallet (CWT) is drawing attention as a novel player in the crypto space. Priced at $0.00942, the token is significantly below its initial launch price of $0.35171 and the projected $2+ valuation. Unlike traditional wallets that often consume user funds through high fees, Cold Wallet aims to return value by offering cashback on gas, swap, and ramp fees. Users can also benefit from a tier-based reward system that escalates cashback percentages as they accumulate more CWT. The Bronze-to-Diamond tier system allows users to earn up to 100% cashback on gas and 50% on swaps. Additionally, a referral program incentivizes users to bring in new participants [1].

The presale model for CWT is structured into 150 stages, allowing early buyers to purchase the token at a fraction of its projected valuation. With the current price far below both its launch and forecasted levels, CWT presents an opportunity for early-stage investors. The project’s live implementation, combined with its active reward system, has positioned it as a distinct alternative in the wallet space. Unlike speculative tokens that offer little in real utility, Cold Wallet is already operational, making it an appealing proposition for investors seeking tangible value [1].

Together, these developments highlight the evolving landscape of the crypto market, where projects with real-world utility and institutional backing continue to attract attention. While BNB and SOL are setting the pace in terms of price action and network adoption, Cold Wallet is introducing a new dynamic by turning everyday transactions into value-creating activities. As the market matures, the ability to generate returns through active usage may become a key differentiator, especially for projects that can sustain long-term engagement and adoption [1].

Source: [1]BNB Price Jumps, & SOL Eyes $240, But Cold Wallet (CWT) at $0.00942 Draws More Buyers! (https://coinmarketcap.com/community/articles/688e4c34604fec23a453e146/)