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Cold Wallet's Strategic Purchase of Plus Wallet for $270M

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by Giorgi Kostiuk

17 hours ago


Recent events in the cryptocurrency world have drawn significant attention, including Cold Wallet's acquisition of Plus Wallet and the achievements of other projects such as Hyperliquid and PENGU.

Cold Wallet's Strategy and Its Impact

Cold Wallet made a significant acquisition by acquiring a platform with 2 million users for $270 million before its token was launched. This event positions the company at a new level of development and demonstrates its focus on building real infrastructure in the cryptocurrency market.

Hyperliquid's Tokenomics Achievements

Hyperliquid has shown steady growth, with over 300,000 active wallets and more than $11 billion in trading volume. The platform stands out for its deflationary model, which involves permanent reduction of HYP token supply as its usage increases, enhancing its value.

PENGU Technical Analysis and Key Levels

In the technical analysis of PENGU, a crucial support level is marked at $0.035, which analysts view as essential for maintaining a bullish structure. Recent price fluctuations confirm the significance of this level, which could lead to further increases in the token's value.

Recent events highlight significant changes in the cryptocurrency market. Cold Wallet asserts its position through strategic acquisitions, while Hyperliquid and PENGU continue to succeed with their unique business approaches.

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