COTI Leads Market Amid Broad SelloffCOTI / TetherUS PERPETUAL CONTRACTBINANCE:COTIUSDT.PFortuneAIOn 28 July 2026, while major cryptocurrencies declined, COTI rallied over 63% with more than $102.9 million in trading volume. Analysts noted this as part of a capital rotation into low-cap privacy tokens, with on-chain data showing large holder accumulation coinciding with real usage of its new Privacy Portal. This is bullish for COTI because it demonstrates strong speculative demand and narrative leadership during risk-off periods. However, such violent moves often precede volatility, and the 4-hour RSI reading of 95.55 signals deeply overbought conditions that could lead to a sharp pullback. The COTI Foundation expanded its Privacy Portal on 30 June 2026, adding support for wrapped Ethereum (wETH). This allows users to convert public wETH into private tokens with one click, enabling fully encrypted wallet balances and transactions. This is a positive development for COTI's utility, as it broadens the use cases for its privacy infrastructure and could attract more Ethereum-based assets and users to its network, potentially driving sustained demand for the COTI token. The COTI team announced the planned sunset of its V1 network by the end of Q3 2026. While tokens on major exchanges require no action, users holding COTI or gCOTI in VIPER or specific Ledger wallets must migrate to upgraded contracts. This is a neutral but necessary procedural update. It streamlines the ecosystem towards the newer V2 infrastructure but introduces minor friction for a subset of holders, requiring them to act to avoid complications. COTI's current trajectory is fueled by a potent combination of a technical breakout and growing utility of its privacy products, positioning it as a standout performer. Will the network's on-chain activity and adoption metrics sustain this momentum after the initial speculative surge?