当隐私变成奢侈品时，用户开始以不止一种方式支付价格。

咒语的突然崩溃和超级流动的迅速攀升似乎无关，但两者都聚焦是一个更深的问题：曝光。

In a week marked by a surprising token crash and the rapid momentum of a decentralized exchange, a deeper theme emerged: exposure matters. From centralized exchange risks to analytics-heavy interfaces, today’s crypto tools often sacrifice discretion for convenience. But in a domain where traders seek an edge and institutions operate in a spotlight, that trade-off is increasingly risky.

在一周内，以令人惊讶的令牌崩溃和分散交流的快速势头的标志，出现了更深层的主题：暴露很重要。从集中式的交换风险到分析繁重的界面，当今的加密工具通常为方便牺牲酌处权。但是，在交易者寻求优势和机构在聚光灯下运作的领域，这种权衡越来越冒险。

As Mantra (OM) faced fallout and Hyperliquid’s (HYPE) recent rally stalled, another project stepped in with a fundamentally different blueprint — one built for those who prioritize privacy without giving up usability. Backed by zero-knowledge infrastructure and a tracker-free design, Cold Wallet is being viewed by analysts and early users as the best crypto for higher returns with security at its core.

随着咒语（OM）面对辐射和超级流动性（Hype）最近的集会，另一个项目介入了根本不同的蓝图，这是为那些在不放弃可用性而优先考虑隐私的人建造的。在零知识基础架构和无跟踪器设计的支持下，分析师和早期用户将Cold Wallet视为最佳加密货币，以获得更高的回报，并以其核心安全。

Mantra (OM) faced a dramatic 90% price drop on April 13, with its value plummeting from $6.30 to below $0.50. According to co-founder John Mullin, this sharp decline was due to forced liquidations by a centralized exchange, executed without prior notice during low-liquidity hours.

Mantra（OM）在4月13日面临的价格下降了90％，其价值从6.30美元下降到低于0.50美元。根据联合创始人约翰·穆林（John Mullin）的说法，这种急剧下降是由于集中式交易所强迫清算，在低流动性小时内未经事先通知执行。

"A large exchange decided to liquidate a portion of their Mantra tokens due to low price swings. Unfortunately, they chose to do so during low-liquidity hours and without notifying the community. This action ultimately led to cascading liquidations that cascaded throughout the ecosystem, ultimately pushing the token price down to $0.48," Mullin explained in a statement.

“由于价格低廉，大型交流决定清算其一部分咒语令牌。不幸的是，他们选择在低流动性的时间内而不通知社区。这一行动最终导致了整个生态系统的级联清算，最终在整个份额的价格上降至0.48美元。”

However, Mullin clarified that the team had no outstanding loans and all tokens remain locked according to the published vesting schedule. He also plans to host a community session on X to provide further insights into the incident.

但是，穆林澄清说，该团队没有出色的贷款，并且根据已发表的归属时间表，所有令牌仍然被锁定。他还计划在X上举办社区会议，以进一步了解该事件。

"We want to be completely transparent with our community about what happened with the Mantra token price today. There has been a lot of speculation and misinformation circulating online, and we want to set the record straight," Mullin added.

穆林补充说：“我们希望与我们的社区完全透明有关今天的咒语代币价格发生的事情。在线流传着很多猜测和错误信息，我们想保持纪录。”

This event has significantly impacted investor confidence and highlights the vulnerabilities associated with centralized exchange operations.

这项活动极大地影响了投资者的信心，并突出了与集中交易业务相关的漏洞。

On the other hand, Hyperliquid’s recent 38% weekly surge and a nearly complete recovery from a March bear market trough have propelled the platform’s Total Value Locked (TVL) to $536 million. This marks a remarkable ascent from near-zero levels just six months prior.

另一方面，Hyproliquid最近每周的38％激增，以及从3月的熊市低谷几乎完全恢复，将该平台的总价值锁定（TVL）提高到了5.36亿美元。这标志着仅六个月前的接近零水平的显着上升。

In turn, this surges highlights a shift in user preference, favoring Hyperliquid’s rapid EVM expansion and user-centric interface. As a result, the platform’s market share in the perpetuals sector has now reached 3.8%, positioning it alongside established centralized exchanges.

反过来，这激发了用户偏好的转变，有利于超流动的快速EVM扩展和以用户为中心的接口。结果，该平台在永久行业中的市场份额现已达到3.8％，将其定位在已建立的集中式交易所。

Crucially, the foundation of this surge lies in a committed community of roughly 100,000 holders, whose loyalty and minimal token dilution have fostered organic growth. By contrast, this differs from the often transient spikes observed in other decentralized exchanges.

至关重要的是，这一激增的基础在于一个由大约100,000个持有人组成的坚定社区，其忠诚度和最低限度的稀释度促进了有机的增长。相比之下，这与在其他分散交换中观察到的经常瞬时尖峰有所不同。

Yet, the question remains: can this momentum be sustained? While the current trajectory is promising, the true test will be Hyperliquid’s ability to maintain user engagement and navigate the challenges of a competitive market.

但是，问题仍然存在：这种势头能否维持？尽管当前的轨迹是有希望的，但真正的测试将是超级流动性保持用户参与度并应对竞争市场挑战的能力。

While mainstream wallets like MetaMask, Trust Wallet, and Rabby have prioritized accessibility and multichain compatibility, Cold Wallet is taking a fundamentally different route — one that prioritizes user privacy at the architectural level.

尽管MetAmask，Trust Wallet和Rabby等主流钱包已经优先考虑可访问性和多件兼容性，但Cold Wallet正在采取根本不同的路线 - 该路线优先考虑在建筑层面上的用户隐私。

In comparison, most popular wallets still rely on third-party RPCs, include behavioral trackers, and leave digital traces that can be used to identify users and cluster their on-chain activity. But Cold Wallet removes these risks by default.

相比之下，大多数受欢迎的钱包仍然依靠第三方RPC，包括行为跟踪器，并留下可用于识别用户并聚集其链链活动的数字痕迹。但是冷钱包默认情况下消除了这些风险。

At its core, the wallet’s value proposition centers on a zero-knowledge (ZK) framework that enables balance verification and private transactions without exposing sensitive wallet data. Unlike competitors, Cold Wallet doesn’t rely on analytics scripts or metadata-heavy APIs. Instead, every connection is stripped of identifiable information, ensuring true network-level anonymity. No address-linking, no embedded trackers, no behavioral profiling.

钱包的价值命题以零知识（ZK）框架为基础，该框架可以实现平衡验证和私人交易而无需揭示敏感钱包数据。与竞争对手不同，Cold Wallet不依赖分析脚本或元数据重的API。取而代之的是，每个连接都剥离了可识别的信息，以确保真正的网络级匿名。没有地址链接，没有嵌入式跟踪器，没有行为分析。

This architecture appeals directly to users who see privacy not as a luxury, but as a requirement — traders protecting strategy, institutions shielding operations, or individuals avoiding surveillance. Functionally, Cold Wallet’s model acts as a secure vault with real-time usability, delivering the psychological and technical assurances of cold storage in a hot wallet interface.

该架构直接吸引了那些将隐私不是奢侈品的用户吸引，而是作为一项要求 - 贸易商保护战略，机构屏蔽行动或避免监视的个人。从功能上讲，Cold Wallet的型号充当了带有实时可用性的安全保险库，可以在热钱包界面中提供冷藏的心理和技术保证。

Currently, with its $CWT token in presale stage 1 at just $0.007, the upside potential is striking. Upon launch, $CWT is expected to list around $0.3571 — presenting an opportunity for an over 5,000% projected return from the ground floor.

目前，凭借其$ CWT代币在Presale阶段1的价格仅为0.007美元，因此上升潜力引人注目。发布后，预计$ CWT将列出约0.3571美元的$ 0.3571，这是一个预计从底层获得超过5,000％的回报的机会。

For this reason, investors seeking the best crypto for higher returns while aligning with Web3’s original values of self-sovereignty and discretion are finding Cold Wallet increasingly difficult to ignore.

因此，寻求最佳加密货币以获得更高回报的投资者，同时与Web3的原始自我主张和酌处权保持一致，发现冷钱包越来越难以忽视。