SUI and XLM Under Pressure in August as Cold Wallet Presale Targets 4900% ROI

Stellar and SUI are both facing downward pressure in August, with SUI’s recent drop from $4.44 to around $3.59 driven by the SEC’s delay in a proposed ETF ruling and the anticipation of a large token unlock. An estimated 44 million SUI tokens, valued at around $166 million, are expected to enter the market, increasing selling pressure despite a total value locked (TVL) of $2.28 billion. The price has now fallen below its 50-day exponential moving average (EMA), and key support levels at $3.49 and $3.16 are under observation [1].

Stellar (XLM) similarly showed strength in July, pushing above $0.44, but has since lost momentum. The price has now slipped below the 10-day simple moving average (SMA) and is hovering near the $0.39 support level. Technical indicators such as the MACD have turned bearish, and the Fear & Greed Index remains neutral, signaling cautious sentiment. While some patterns, such as a potential bullish pennant, suggest the market is in a holding pattern, the long-to-short ratio of 1.14 indicates continued accumulation by long-term holders [1].

Amid these struggles, Cold Wallet’s CWT token is attracting attention. Its presale is now in stage 17, with the price at $0.00998 and rising. Over $5.8 million in funds have already been collected, and large-scale transactions have been recorded via Telegram trackers in the past 48 hours. Analysts have drawn comparisons between CWT and early-stage Solana and MATIC due to its reward-based wallet design and real-world utility, such as cashback on swaps, ramps, and gas fee payments. With a projected listing price above $0.3517, early buyers could see returns of over 4,900% [1].

The cashback model not only enhances user engagement but also supports long-term demand, as holding CWT in the wallet increases user tier levels and boosts cashback rewards. This creates a sustainable incentive structure that differentiates it from speculative assets. Some analysts suggest that the presale’s rapid adoption and whale activity indicate that the listing phase could bring significant price discovery [1].

For traders and investors seeking the best crypto to buy now, Cold Wallet is being positioned as a compelling alternative to struggling assets like SUI and XLM. It offers a functioning product, real utility, and a clear economic model, all of which support long-term value. With the presale still in stage 17, market participants are advised to act quickly before the next stage begins, as timing is seen as a crucial factor in securing the highest potential returns [1].

Source: [1] Stellar Struggles, SUI Price Falls, Yet Cold Wallet Presale Could Hand You 4,900% ROI (https://coinmarketcap.com/community/articles/689744cd8132ce6586ec211c/)