Chainlink (LINK) Faces Selling Pressure, Avalanche (AVAX) Stays Range-Bound as Cold Wallet Highlights Token-Sale Metrics

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Crypto market participants entering 2025 are watching three different narratives. Chainlink (LINK) has risen sharply over the past month, a move discussed alongside institutional adoption and Bitget’s Proof of Reserve integration. Yet despite positive perpetuals positioning, spot selling has capped near-term momentum. Avalanche (AVAX) is being discussed more for network activity than price, with transaction volumes reported up 585% and names such as Toyota and SkyBridge Capital cited as building on the network, even as AVAX trades below $24 and key moving averages.

Cold Wallet (CWT) is also drawing attention due to a fundraising campaign the project describes as an early-stage token sale. According to project materials, it has sold 760M tokens and raised $6.8M, with Stage 17 priced at $0.00998 at the time of writing. Claims about future returns are inherently uncertain, and any later pricing or listing outcomes are not guaranteed.

Is Chainlink Ready for a Breakout?

Chainlink’s native token, LINK, is back in focus as institutional adoption is cited by market observers. In the past month, LINK has risen about 140%, with prices hovering near $25 after Bitget integrated Chainlink’s Proof of Reserve system to monitor its wrapped Bitcoin reserves. The move strengthens Chainlink’s role in on-chain verification and adds context to its broader partnerships, including earlier collaborations with Swift and newer cross-chain token standards.

On the trading side, signals are mixed. Perpetual traders have been leaning bullish, with $61 million in funding and open interest reported at $1.65 billion alongside a positive funding rate. Meanwhile, spot markets have shown selling pressure, with $14.6 million reportedly offloaded in the last 24 hours. Market participants are watching whether support at $23.40 can hold, though short-term moves remain uncertain.

Avalanche Activity Soars 585%; But Can AVAX Price Catch Up?

Avalanche (AVAX) is showing a sharp rise in network use even as its token price slips. Data from analyst Lennaert Snyder highlights a 585% jump in transaction volume since May, pointing to increased activity across users and projects. At the same time, AVAX trades near $23, down 2% on the day and 9% for the week. The token recently dropped out of an upward channel, unable to hold above $24 at the 0.618 Fibonacci level, and now sits below its 50-day and 100-day moving averages.

Short-term trading discussions have pointed to support around $22.65 and $21.85, but network adoption is a separate measure from token price. Avalanche is reported to host over 50 million unique wallets, with Toyota, SkyBridge Capital, and state-backed stablecoin initiatives among the examples cited by proponents of the network.

Cold Wallet’s Token-Sale Leaderboard Feature

Cold Wallet (CWT) describes its token sale as incorporating a public leaderboard showing wallet holdings and tier labels. The project presents this as a way to track participation across different tiers.

According to the project, more than 760 million tokens have been sold and over $6.8M raised. It also describes tier names such as Glacier, Crystal Vault, and North Star, with pricing changing by stage.

Project materials state that Stage 17 pricing is $0.00998 and reference a planned future launch price; however, any future pricing, listings, or returns are speculative and not guaranteed. The team also says it operates a live cashback app and offers rewards related to swaps and referrals, with additional features described as planned.

Overall, the leaderboard appears positioned as a marketing feature intended to increase engagement during the sale. As with any token fundraising, readers should treat project-reported metrics and timelines as unverified until independently confirmed.

Takeaways

Chainlink (LINK) is being discussed alongside institutional integrations and derivatives positioning, but spot selling suggests mixed near-term sentiment. Avalanche (AVAX) is seeing reported growth in on-chain activity, while price remains range-bound under widely watched technical levels.

Cold Wallet (CWT) is being promoted by its team as an app-driven project alongside an early-stage token sale, with participation tiers and incentives described in its materials. Any projections about future pricing or returns should be treated as speculative.

Project links (for reference):

Website: https://coldwallet.com/

X: https://x.com/coldwalletapp


This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. This article is for informational purposes only and does not constitute financial or investment advice.

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