Deep Dive
1. Presale Unlock Dynamics (Bearish Risk)
Overview:
90% of presale-bought CWT (706M+ tokens sold) will unlock gradually over three months post-launch. Early buyers secured tokens at $0.00998–$0.00942, creating a 2,300%–3,600% paper profit at current $0.236.
What this means:
Profit-taking could accelerate if daily trading volume (currently $19M) can’t absorb unlocks. However, the 10% initial unlock at launch (Aug 2025) may test short-term liquidity.
2. User Growth & Utility (Bullish Catalyst)
Overview:
Cold Wallet’s $270M acquisition of Plus Wallet added 2M active users now earning CWT via gas/swap cashback. The tiered model rewards holding more CWT (up to 100% rebates), creating buy pressure from power users (Cold Wallet).
What this means:
If 20% of acquired users hold $50 in CWT for Diamond-tier rewards, it would require buying $20M worth of tokens – equal to 21% of current market activity.
3. Market Positioning vs. Wallets (Mixed Impact)
Overview:
CoinW ranks as a top-4 futures exchange but faces competition from MetaMask, Trust Wallet, and Coinbase Wallet. Its no-KYC policy attracts privacy-focused traders but risks regulatory scrutiny (BTCC).
What this means:
CWT’s success depends on converting speculative presale buyers into long-term users. Failure to retain Plus Wallet’s user base could trigger sell-offs, while regulatory clarity on no-KYC platforms may swing sentiment.
Conclusion
CWT’s short-term volatility will likely hinge on presale unlock management and whether cashback rewards drive circular demand. Long-term viability requires converting its 2M-user base into sticky participants. Will daily active users surpass 500K by Q4 2025 – a key metric for sustained token utility?