Solana News Today: Cold Wallet Boosts Engagement With USDT Rewards As Solana Surpasses $204 And XRP Faces Usage Concerns

Cold Wallet is generating attention in the crypto market by distributing USDT rewards through its live app, distinguishing itself from speculative projects that rely on future promises. The platform incentivizes user activity with direct stablecoin payouts for actions such as asset swaps and referrals. With $6.3 million raised and over 740 million tokens sold at $0.00998, Cold Wallet has demonstrated significant early traction. The app is projected to launch with a token price of $0.3517, signaling potential upside for early backers. Additionally, the platform is addressing a key industry challenge by transforming transaction costs into cashback rewards, fostering daily engagement and user retention without the need for placeholder tokens [1].

Simultaneously, Solana (SOL) has seen a notable price increase, trading above $204 amid growing optimism around regulatory developments and institutional demand. The U.S. Securities and Exchange Commission (SEC) has advanced the Invesco Galaxy spot Solana ETF filing, while VanEck’s proposal from May is also under review. If approved, these ETFs could bring institutional capital from large market segments, such as U.S. retirement funds. Institutional interest is further evident with entities like Upexi holding over 2 million SOL and DeFi Dev Corp. acquiring nearly 1 million SOL in a single week. These developments suggest that Solana’s recent price momentum is supported by structural demand rather than short-term speculation [1].

In contrast, XRP’s $190 billion market value appears to be out of sync with its on-chain activity. Over the past month, transaction volume has declined by 38%, and the number of processed payments has dropped from 1.5 million to approximately 835,000. Total Value Locked (TVL) on the XRP Ledger remains low at around $90 million, resulting in a market cap-to-TVL ratio exceeding 2,200. This gap raises questions about the sustainability of XRP’s valuation, highlighting the need for increased real-world usage to justify its market capitalization. While the underlying infrastructure remains robust, the absence of meaningful adoption growth indicates a disconnect between value and practical utility [1].

Cold Wallet’s live functionality sets it apart from speculative crypto ventures by delivering immediate, tangible rewards to users. Unlike projects that emphasize future potential, Cold Wallet is already operational with a working app and a growing user base. The cashback model creates a direct link between token value and user participation, reinforcing the platform’s appeal through measurable outcomes. This approach positions Cold Wallet as a compelling example among bullish altcoins in 2025, where real-world adoption precedes market launch and practical utility replaces vague promises [1].

Source: [1] Cold Wallet Pays USDT Rewards While Solana Breaks Above $204 & XRP’s $190B Market Value Shows Weak Real Usage (https://crypto-economy.com/cold-wallet-pays-usdt-rewards-while-solana-breaks-above-204-xrps-190b-market-value-shows-weak-real-usage/)