OKB’s Price Climb Meets Resistance From Sell Wall and Shib Burns Surge Amidst Cold Wallet Momentum

The altcoin market is seeing a mixed bag of gains, but not all rallies are sustainable. While some cryptocurrencies like OKB have seen a significant surge, fueled by IPO speculation and a token burn announcement, it’s being met with sell pressure and doubts. Shiba Inu saw its burn rate soar 48%, removing over 87 million SHIB tokens from circulation. Meanwhile, Cold Wallet (CWT) is gaining traction for its innovative cashback model, attracting $6.3M in presale funding and a growing user base.