XRP News Today: Cold Wallet Presale Hits $6.3M as XRP Nears $3.32 Resistance and Bonk Burns Trillion Tokens

Cold Wallet is offering users USDT rewards through a one-level referral system as it progresses in its presale, having already raised over $6.3 million as of stage 17. The project’s token, $CWT, is priced at $0.00998, with a confirmed launch price of $0.3517, creating potential for substantial returns. Unlike complex referral structures seen in other projects, Cold Wallet’s approach ensures that both referrers (20% in $CWT) and new users (10%) receive rewards from a dedicated pool, preserving tokenomics from artificial inflation [1]. The referral bonuses align with the vesting schedule of presale tokens, ensuring fairness and transparency for all participants [1].

Ripple’s XRP is also drawing attention as it approaches a key resistance level near $3.32. Analysts suggest that a breakout with strong volume could push the price toward $3.66 in the short term. With a decreasing exchange supply and recent favorable legal rulings, institutional interest in XRP is growing. Wallet activity shows a steady return of capital into XRP holdings, reinforcing confidence in its long-term trajectory. If XRP holds above $3.20, the price could potentially climb to $6.3 to $8 in the future [1].

Bonk, on the other hand, has demonstrated a deflationary strategy, burning 1 trillion tokens in a recent move that led to a 13% price increase. This action reduces the circulating supply and signals long-term intent. While analysts project a potential price of $0.000034 by late 2025, reaching $1 is considered improbable due to the token's large supply [1]. Bonk’s strategy reflects a realistic and data-backed approach in a market often driven by speculation.

Cold Wallet distinguishes itself by offering a working product with real-world utility and a transparent reward model. While many projects rely on hypothetical futures, Cold Wallet prioritizes present-day value through ethical token design and direct user incentives [1].

Sources:

[1] Cold Wallet Pays USDT for Referrals While Ripple Eyes $6.3 Target and Bonk Burns Trillions in Crypto Strategy (https://coindoo.com/cold-wallet-pays-usdt-for-referrals-while-ripple-eyes-6-3-target-and-bonk-burns-trillions-in-crypto-strategy/)