Cold Wallet Bags $270M Deal, Cardano Slides, & Sui Faces $166M Pressure

Cold Wallet’s $270M Acquisition Draws Whales as Cardano Slips 3.7% & Sui Awaits $166M Unlock

Cardano has been slipping lately, with the Cardano (ADA) price drop sparking debate among analysts over whether a bigger shift is coming. Meanwhile, the Sui (SUI) recent update isn’t helping sentiment, its $166 million token unlock and fading interest suggest growing uncertainty.

But while some projects are slowing down, Cold Wallet (CWT) is doing the exact opposite. It just pulled off a $270 million deal to acquire Plus Wallet, instantly adding 2 million users to its ecosystem.

That single move didn’t just expand its reach, it supercharged the CWT presale. Whale activity surged, momentum kicked in fast, and there’s no sign of it cooling off.

Cardano (ADA) Price Drop Hits 3.7%, But Analysts Hint at $1.60 Rally

The Cardano (ADA) price drop saw a 3.7% slip to $0.795, raising questions about the asset’s near-term direction. Though some view it as a red flag, analysts suggest it could be a short pause before a stronger rally. Technical patterns show ADA testing a key level in a symmetrical triangle, opening the door to a potential breakout toward $1.60.

A wave of long liquidations worth over $6 million has cooled selling pressure. Meanwhile, Cardano founder Charles Hoskinson emphasized its long-term potential against Bitcoin, fueling optimism that this dip might just be the calm before an upward move.

Sui (SUI) Recent Update Flags Bearish Pressure Ahead of Massive Token Unlock

The Sui (SUI) recent update shows the token falling for three straight days, down 2% again as it inches toward a 44 million SUI unlock, worth $166.3 million. The looming increase in circulating supply has made traders uneasy, with $110 million in Open Interest wiped in just 24 hours.

On the charts, SUI is closing in on its 50-day EMA at $3.49. If it dips below that line, the short-term outlook could get worse. The update reflects fading sentiment and sets up a make-or-break point for the token’s next move.

Cold Wallet didn’t just sign a deal, it changed the game. The $270 million buyout of Plus Wallet instantly added 2 million active users, making it one of the loudest moves of 2025. The effect was immediate, the CWT presale crossed $5.7 million raised just hours after the announcement.

This wasn’t just about growing user numbers. Every Plus Wallet user now auto-connects with Cold Wallet, receiving CWT rewards for gas fees, swaps, and bridging. There’s no app migration, no extra steps, and balances stay intact. With both wallets merged into one smooth interface, user activity is already feeding the ecosystem.

That organic growth is already pricing in. At Stage 16, CWT trades at $0.00942, far from its $0.3517 launch price. Early participants in Stage 1 could be sitting on nearly 4900% gains, but even now, the upside remains strong. With 150 total stages and only 16 completed, there’s still plenty of runway for new entries.

Thanks to this explosive move, Cold Wallet is quickly becoming one of the most buzzworthy crypto presales 2025 has to offer. Backed by a working app, a massive user base, and growing whale interest, this presale isn’t stalling, it’s accelerating.

Final Thoughts

While the Cardano (ADA) price drop has some worried, analysts aren’t counting out a bounce toward $1.60. On the other hand, the Sui (SUI) recent update is flashing warning signs as token unlocks and declining interest pull sentiment lower.

But the spotlight is clearly on Cold Wallet (CWT). With a $270 million deal that brought in 2 million users and a presale that’s now beyond $5.26 million, Cold Wallet is setting a new tone. At just $0.00942 in Stage 16, and 134 stages still to go, it remains one of the most promising crypto presales 2025 has seen so far. But with whales already circling, the window for a low entry might not be open much longer.