"Solana Whales Flock to Coldware Amidst SOL Price Retreat"

Generated by AI AgentCoin World
Friday, Feb 28, 2025 8:04 am ET1min read
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Solana whales, major investors in the cryptocurrency space, are shifting their capital towards ColdwareCOLD--, a new Web3 infrastructure blockchain, as Solana (SOL) faces a significant price retracement. Coldware has secured $1.1 million in its presale within just two weeks, raising questions about Solana's sustainability and Coldware's potential as the next big thing in the crypto world.

Coldware's appeal lies in its focus on Decentralized Physical Infrastructure Networks (DePIN), PayFiPFI--, and real-world asset tokenization, unlike Solana's primary focus on DeFi and NFTs. Here's why Solana investors are drawn to Coldware:

  • DePIN: Coldware allows users to participate in Web3-powered infrastructure development, including blockchain-based mobile networks and IoT integrations.
  • PayFi Disruption: Coldware's PayFi model bridges traditional finance with decentralized networks, making global transactions faster and cheaper.
  • Early-Stage Growth Potential: While Solana has already experienced exponential growth, many investors believe Coldware is just getting started, with a presale price of $0.0045 offering massive upside potential.

Meanwhile, Solana has made significant strides in regulatory integration with the launch of the first Solana futures ETFs by Volatility Shares. The Solana ETF (SOLZ) and Solana 2x ETF (SOLT) enable institutional investors to trade Solana futures in a regulated environment, increasing liquidity and market legitimacy. Coinbase's launch of CFTC-regulated Solana futures contracts also contributed to this development.

However, despite these advancements, Solana's price has struggled, dropping 18% over the past seven days. Key support levels have failed to hold, and the price recently dipped to $130, causing concern among traders. With billions of dollars in Solana token unlocks looming, selling pressure has increased, and analysts warn of potential further retracements due to market volatility.

As Solana grapples with price uncertainty, Coldware is quickly emerging as a potential competitor in blockchain scalability and real-world adoption. With its early-stage growth and Web3-first infrastructure, Coldware is attracting high-profile investors. The outcome remains uncertain, but one thing is clear: the crypto landscape is evolving,

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