In the cryptocurrency ecosystem, the behavior of whale investors is often seen as an important indicator of market trends. These major participants who hold a large amount of digital assets often lead market trends with their investment decisions in the early stages of a project. When whales actively participate in the pre-sale of a project, it is usually interpreted as a strong optimism towards the project's prospects, which in turn influences the decisions of smaller investors.

However, the influence of whales is not limited to price fluctuations. Their large transactions can significantly impact market liquidity. For example, concentrated large-scale sell-offs may lead to tightened liquidity, raising transaction costs and adversely affecting small and medium-sized investors. Therefore, observing the behavior of whales can reflect their views on the market and also practically affect the overall market atmosphere and the enthusiasm of ordinary investors to participate.

Recently, a striking phenomenon is that a certain cold wallet project has achieved remarkable success in its presale. The project raised over 5 million USD and quickly completed 14 presale phases. This achievement highlights the market's enthusiastic pursuit of innovative projects that can truly address the industry's pain points.

This cold wallet project proposes an innovative business model: users not only do not have to pay high fees when interacting on the blockchain, but instead can receive token rewards. This positive incentive mechanism aligns more closely with the Web3 principle of "earn as you use," thus attracting the attention of many large investors.

As the prices of each round of pre-sales gradually rise, the investment enthusiasm of early participants has also surged. This "rush for funds effect" not only drives market heat but also demonstrates the strong demand for innovative projects in the current encryption market. This phenomenon reflects that projects capable of effectively solving industry problems and providing substantial value can still stand out in the highly competitive cryptocurrency market and gain the favor of investors.