Cold Wallet Presale Tops $6.21M; BCH Halving Sparks Bull Run
Cold Wallet raised more than $6.21 million in its latest token presale. The project features a working wallet that rewards users in real time for on-chain activity. Stage 17 pricing at $0.00998 per token implies a potential 3,400% gain at the confirmed launch price of $0.3517.
Bitcoin Cash (BCH) surged 4.85% to $618.20 ahead of its August halving event. Technicals show an RSI of 64.21 and a positive MACD crossover. Daily trading volume on Binance hit $62 million, signaling strong momentum.
XRP gained traction after Ripple’s legal clarity. Over 60 million XRP (worth more than $200 million) moved to exchanges, indicating whale interest. Moving averages and rising volumes point to sustained upside potential.
For crypto traders, these developments offer short-term trading triggers. BCH halving often leads to price compression, while XRP whale activity can fuel volatility. Cold Wallet’s presale performance and utility-driven model present a longer-term play in the decentralized wallet sector. Traders should monitor on-chain metrics, token unlock schedules, and market sentiment to gauge potential entry points.
Bullish
The news is bullish because it highlights strengthening market catalysts across multiple fronts. Historically, Bitcoin Cash halving events have reduced supply issuance and triggered price rallies, mirroring past Bitcoin halvings in 2012, 2016, and 2020. The 4.85% gain and robust on-chain metrics (RSI above 64, MACD crossover, $62 million daily volume) suggest traders are positioning ahead of the event.
Meanwhile, XRP’s whale-driven volume of 60 million tokens into exchanges reflects renewed confidence after Ripple’s legal clarification. Similar whale movements in 2021 preceded significant price swings for XRP, indicating potential volatility and upward momentum.
Cold Wallet’s presale—raising over $6.21 million—demonstrates strong investor interest in utility-driven crypto products. The working wallet model with real-time rewards for activity creates on-chain demand and retention. The projected 3,400% upside at launch price adds speculative appeal, echoing past presale successes like Ethereum’s ICO in 2014.
These combined factors support a bullish outlook. In the short term, traders can exploit volatility around the BCH halving and XRP whale flows. Over the long term, utility and tokenomics of Cold Wallet may attract sustained capital inflows. However, risk management remains essential given crypto market swings. Monitoring on-chain data, token unlock timelines, and broader market sentiment will help traders capitalize on the bullish scenario.