SUI Coin Surges Past $3.90 as Pudgy Penguins and Cold Wallet Attract Investor Attention

SUI Coin and Pudgy Penguins (PENGU) have both attracted attention in the altcoin space due to recent price movements and bullish forecasts, while Cold Wallet ($CWT) is positioned as a utility-driven cryptocurrency with immediate use cases and presale potential [1]. SUI recently broke out of a key technical pattern and is now trading above $3.90, with analysts identifying $7.80 to $9 as potential price targets, assuming continued support above $3.45 [1]. On-chain data supports this optimism, with decentralized exchange volume surging past $10 billion in July, marking a 657% increase compared to the previous year [1].

Pudgy Penguins (PENGU) is also under watch as it consolidates near $0.035 with analysts like Ali Martinez forecasting a possible rise to $0.24, should it follow a similar trajectory to the recent PEPE breakout [1]. The token has seen rising volume and whale activity, suggesting growing momentum. Analysts are highlighting the importance of maintaining support around $0.035–$0.040 to validate the bullish case [1].

Cold Wallet ($CWT), meanwhile, is being positioned differently. Unlike SUI and PENGU, which are largely seen as chart-driven plays, Cold Wallet is built as a functional product that offers real utility to users. The wallet returns value to users through cashback incentives for common actions like paying gas fees, making swaps, or bridging funds. Users can earn up to 100% cashback on gas fees and 50% on other activities, depending on their token holdings [1].

The Cold Wallet token is currently in its presale, starting at $0.00923 in stage 15, with the price increasing at each new stage. The project also features a referral program that rewards users with USDT and bonus tokens [1]. This model, combined with the low entry price and growing user base, has led to speculation that Cold Wallet could offer a 500X return on investment if it gains widespread adoption [1].

While SUI and PENGU rely on speculative momentum and chart setups, Cold Wallet’s value proposition is rooted in real-world usage and immediate economic incentives, making it a distinct option in the altcoin landscape [1].

[1] Source: [1]title: SUI Coin Price Surge, Pudgy Penguins (PENGU) Forecast, and Cold Wallet’s $0.00923 Breakout Potential (url: https://coinmarketcap.com/community/articles/688bda5041c6fa7a8337d9f1/)