Cold Wallet Secures $270 Million Deal as Cardano’s Price Declines by 3.7%
Cold Wallet has made a significant move by acquiring Plus Wallet for $270 million, instantly expanding its user base by 2 million users. This strategic acquisition not only broadened its reach but also sparked a frenzy among whales in the Cold Wallet Token (CWT) presale stage 16. The influx of large stakeholders accelerated the momentum of the project, propelling it forward with unwavering force.
The recent drop in Cardano’s (ADA) price by 3.7% has raised eyebrows and triggered discussions within the market. Technical analysis indicates that ADA is testing the upper boundary of a symmetrical triangle pattern, hinting at a potential breakout towards $1.60. Founder Charles Hoskinson has emphasized Cardano’s growth potential relative to Bitcoin, fueling optimism among some observers who view the current price dip as a temporary setback before a stronger upward movement.
Sui (SUI) has experienced a consecutive 2% decline in its value, largely attributed to the impending release of 44 million SUI tokens valued at $166.3 million. This sizeable unlock is expected to swell the token’s supply, potentially exerting further downward pressure on its price. The dwindling open interest by $110 million in just 24 hours underscores diminishing confidence among market participants, with sentiments cooling rapidly as the price approaches the 50-day EMA at $3.49.
Contrary to the bearish trends in other projects, Cold Wallet’s acquisition has reinvigorated the market atmosphere. The integration of Plus Wallet users into the Cold Wallet ecosystem, where they can now earn CWT through various on-chain activities seamlessly, has sparked renewed interest in the project. The ongoing presale at Stage 16, offering tokens at $0.00924, has already raised over 5.7 million, with 643.72 million coins sold and an impressive ROI of 4900%. Those entering at this juncture stand to gain substantially, with potential returns of about 3,700% if the token lists at 0.3517. Despite 134 stages remaining in the presale, the window for low-entry opportunities is gradually closing as interest intensifies.
In conclusion, while the short-term price movements of Cardano and Sui may raise concerns, Cold Wallet’s recent developments present an exciting frontier in the crypto space. The project’s strategic acquisition, robust user growth, and active whale participation in the presale exemplify its promising trajectory. With Cold Wallet emerging as one of the standout presales in 2025, the entry window remains open, but time is running out as more stakeholders join the fray.
