Recent market moves have put several crypto projects and networks in focus heading into 2025. Activity has ranged from early-stage token fundraising to shifts in DeFi usage and price movements in large-cap assets.
Cold Wallet ($CWT) has drawn attention following project-reported fundraising of more than $6 million, while Hyperliquid has posted strong blockchain-fee and derivatives activity in recent reporting periods. Solana has traded above the $200 level at points, and Ethereum has also rallied, alongside new analyst forecasts and macro-related narratives.
In a market where narratives can shift quickly, the projects and networks below illustrate different areas investors and analysts have been tracking, including fundraising claims, fee revenue, on-chain activity, and institutional flows. Price movements and forecasts mentioned are inherently uncertain and should not be read as predictions.
Cold Wallet (CWT)
Cold Wallet is positioning itself as a crypto wallet project with a token-linked incentive model. According to project materials, it is conducting an early-stage token sale and has reported raising more than $6 million. The project also says it intends to reward certain user activity with CWT, though how such incentives work in practice can depend on final product design, fees, and market conditions.
The project has also referenced a $270 million acquisition of Plus Wallet and said this added more than 2 million users to its ecosystem; those figures have not been independently verified here. Cold Wallet further presents itself as an alternative to established wallet providers, focusing on user experience and token-based incentives, but outcomes will depend on execution, adoption, and competition.
Any discussion of potential returns from early-stage token sales is speculative and may not reflect real market outcomes after listing, if listing occurs. As with other new tokens, CWT would likely face liquidity, pricing, and execution risks after launch.
Hyperliquid (HYPE)
Hyperliquid has been a notable venue in DeFi metrics, with recent reports suggesting it captured roughly 35% of blockchain fee revenue (about $97.7 million) in July. The project’s derivatives activity has also been highlighted in market commentary, including reports of open interest reaching $15.3 billion and increasing year-to-date, with some observers linking usage to wallet integrations such as Phantom.
The project has also described a buyback mechanism that it says totals around $4 million per day, though the market impact of such activity can vary. HYPE has recently traded around $46.72–$47.46; some traders point to the $54–$55 area as a technical level to watch, but price levels are not guarantees. Separate discussion of large deposits on the platform has contributed to speculation, though near-term price direction remains uncertain.
Solana (SOL)
Solana has traded above the $200 level in recent market action. Some market participants have cited higher potential price ranges (such as $250 to $350) if the trend continues, but these are speculative scenarios rather than forecasts. Data providers have also shown an increase in on-chain activity, including total value locked reaching multi-year highs during the period referenced.
Institutional positioning has also been discussed. Fund-flow trackers cited Solana-based funds receiving about $8.9 million in inflows last week, while other major crypto investment products reportedly saw about $415 million in outflows. Separately, some user activity has been observed on other platforms (including Hyperliquid), but Solana’s ecosystem continues to support a broad range of applications.
Ethereum (ETH)
Ethereum has risen over the last month, with ETH reported up about 41% versus a broader market increase of around 9% over the same period. At the time referenced, ETH was trading near $4,690. Commentary around the move has included expectations of potential Federal Reserve rate cuts, discussion of a new U.S. stablecoin framework sometimes referred to as the “Genius Act,” and reported ETF-related inflows.
Network upgrades such as Pectra have been framed as steps to improve transaction efficiency. Some analysts, including those at Standard Chartered, have issued speculative price targets, including a year-end target of $7,500 and a longer-term projection of $25,000 by 2028; such targets are opinions and may not materialize. Separately, on-chain observers have pointed to instances of large selling (including a reported $88 million in ETH), which could add short-term volatility.
Crypto assets to monitor
Across these four names, the themes vary: Cold Wallet’s fundraising and product claims, Hyperliquid’s reported fee and derivatives metrics, Solana’s price action and on-chain activity, and Ethereum’s rally amid macro and regulatory discussion. Each comes with materially different risk profiles, and comparisons across projects can be misleading without considering liquidity, market structure, and time horizon.
Leadership in crypto markets can change quickly, and sentiment can reverse. Readers considering any exposure to these assets may want to review primary sources, understand token mechanics and risks, and avoid relying on price targets or short-term performance as indicators of future results.
This article contains information about an early-stage 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.
