Cold Wallet’s CWT Token Presale Surpasses $5.7M as Solana Maintains Bullish Momentum

Cold Wallet’s CWT Token Presale Success

Cold Wallet’s CWT token has rapidly gained traction in the cryptocurrency market, securing over $5.7 million in its presale, with Stage 16 currently priced at $0.00942. The project is structured into 150 price stages, with only 40% of the total token supply sold so far. Analysts highlight the fixed launch price of $0.3517 as a key driver, offering a potential 3,633% return on investment if the token reaches its projected value. This calculation is based on the current presale price and does not reflect live market data.

Solana's Bullish Momentum and Institutional Accumulation

Solana's price has remained above the $166 support level, a critical threshold for confirming bullish momentum in the market. Analysts are paying close attention to this zone as it aligns with key technical indicators and recent on-chain activity. A notable on-chain development contributing to the bullish outlook is a whale withdrawal of 71,000 SOL to a DeFi platform, indicating a shift in investor sentiment toward self-custody and long-term holding. Phantom's acquisition of Solsniper further boosts DeFi capabilities on Solana, enhancing user activity and on-chain volume.

Institutional Interest and Self-Custody Trends in the Crypto Market

Corporate accumulation of Solana has intensified recently, with major institutions acquiring significant amounts of SOL. Upexi, DeFi Developments Corp, SOL Strategies, and Torrent Capital collectively hold 0.65% of Solana's circulating supply, signaling growing confidence in the project's long-term prospects. Additionally, whale transfers and net exchange outflows indicate rising self-custody trends, reducing sell pressure and supporting accumulation behavior. These developments reflect a broader trend of institutional interest and strategic shifts in the crypto market.