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Reading: Cold Wallet’s $270M Deal Outshines XRP’s Breakout Hopes and Ethena’s 115% Jump
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Press Releases

Cold Wallet’s $270M Deal Outshines XRP’s Breakout Hopes and Ethena’s 115% Jump

Last updated: August 4, 2025 10:05 pm
Published: 7 months ago
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XRP is showing strong technical signals, with price action holding above the 100-day average and a symmetrical triangle pointing to a possible breakout above $0.65. Traders are closely watching this setup as momentum builds toward a potential upward move.

Ethena (ENA) is also attracting attention after climbing 115% during a broader market downturn. This rally is backed by growing interest in USDe, its algorithmic dollar, which now boasts over $7 billion in circulation.

Yet the most substantial shift may be coming from Cold Wallet ($CWT). Its $270M acquisition of Plus Wallet adds 2 million users and strengthens an already reward-focused system. At $0.00942 in Stage 16, Cold Wallet delivers something different.

XRP is currently hovering near $0.62 and maintaining support above the 100-day simple moving average, a level often watched for long-term trends. Technical analysts have pointed to a symmetrical triangle pattern forming on the chart, typically a precursor to a decisive price breakout.

The key resistance sits near $0.65, and a confirmed move above that level could spark renewed momentum. While the overall market shows mixed signals, XRP’s structure remains intact. Traders looking for emerging setups are watching closely, as the pattern signals a potential move if volume and market sentiment align.

Ethena (ENA) has recorded a 115% gain over the past month, defying the broader market correction. In just 24 hours, the token rose another 21%, with weekly and biweekly gains standing at 39.3% and 56.7% respectively. The rally is largely fueled by increased adoption of USDe, the project’s algorithmic dollar, which has now surpassed $7 billion in circulation.

This level of inflow points to strong interest from both retail and institutional users. While some analysts note that momentum could ease if USDe enthusiasm fades, Ethena’s growth has so far proven resilient. Continued adoption may support further upside if market conditions stabilize.

Cold Wallet has executed its boldest move yet with the $270M acquisition of Plus Wallet, bringing over 2 million new users into its growing network. This deal significantly strengthens its global footprint, especially in Asia and Europe where Plus Wallet has already seen strong adoption. With this move, Cold Wallet is positioning itself as a serious contender to challenge MetaMask and Trust Wallet in 2025.

User frustration with legacy wallets continues to mount, especially around high fees and clunky user flows. Cold Wallet takes a different approach by delivering instant cashback on every swap and gas fee, rewarding users automatically without extra steps. The interface is clean, and rewards are triggered by usage, not configuration.

This experience-first model helped fuel interest in its Stage 16 presale, now live at $0.00942. Cold Wallet has already raised $5.6M, and the timing of this acquisition only adds momentum. Early adopters are already benefiting from a wallet that grows with usage while delivering direct rewards.

With Plus Wallet integrations already in motion, Cold Wallet’s value proposition has sharpened. The focus is now on scaling fast, keeping users happy, and redefining self-custody. If other platforms remain static, this acquisition could mark a major shift in the wallet wars.

While XRP’s potential breakout and Ethena’s price surge depend heavily on shifting market trends, Cold Wallet is advancing through concrete growth. The $270M Plus Wallet acquisition adds proven infrastructure and over 2 million users, giving Cold Wallet a strong foundation beyond speculation. Its automatic cashback model sends value directly to users, not into empty promises.

There are no forms, no delays, and no confusing steps. Every swap or gas fee returns something in real time. At just $0.00942 in Stage 16 with $5.6M already raised, Cold Wallet offers a practical, usable on-chain solution that rewards action from the very first tap.

Press releases or guest posts published by Crypto Economy have been submitted by companies or their representatives. Crypto Economy is not part of any of these agencies, projects or platforms. At Crypto Economy we do not give investment advice, if you are going to invest in any of the promoted projects you should do your own research.

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