Web3 wallets are being snapped up by big firms in droves right now, as Alex Svanevik, the CEO of Nansen.ai, pointed out. Privy has been bought by Stripe, Dynamic by Fireblocks, and, more recently, Fordefi by Paxos. However, BEST may be the top crypto wallet right now, having raised over $17M with just 2 days left before the presale closes.
The X post by Svanevik was fuelled by yesterday’s news from Paxos that it had purchased Fordefi, marking another high-profile wallet purchase by a large company in Paxos, one of the leading stablecoin infrastructure firms.
Paxos is acquiring @FordefiHQ, the leading custody and wallet technology platform for on-chain operations.
This strengthens our ability to support institutions with more flexible and sophisticated digital asset infrastructure. pic.twitter.com/t7aFVhyflu
— Paxos (@Paxos) November 25, 2025
Tech Layer in the Headlines With Yet Another High-Profile Crypto Wallet Buyout
Right now, the tech layer of crypto seems to be all the rage, evidenced by large companies such as payment processing juggernaut Stripe buying Privy and digital asset infrastructure firm Fireblocks purchasing Dynamic, another crypto wallet.
Now, with yesterday’s news that Paxos – issuer of the PayPal stablecoin
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, among others – has purchased Fordefi, it is becoming clear that the tech layer, specifically crypto wallets, is a hot commodity.
Nansen.ai founder Alex Svanevik and many others echo this sentiment. Svanevik took to X yesterday, saying, “Every wallet tech provider is being scooped up. Privy by Stripe. Dynamic by Fireblocks. Now Fordefi by Paxos.”
It is being reported that Paxos has paid ‘over $100M’ for Fordefi. The amount Stripe paid for Privy was not publicly disclosed. Still, reports at the time suggested the deal is part of a larger strategy that includes the $1.1Bn acquisition of the stablecoin platform Bridge.
Fireblocks reportedly paid $90M for Dynamic last month, in October 2025, underscoring the demand for top-tier Web3 wallet infrastructure by these large firms right now.
With the growing demand for blue-chip crypto wallets, all the value right now is geared toward institutions buying the likes of Privy, Fordefi, and Dynamic. The next step is a crypto wallet that offers retail investors the chance to benefit from its development and usage.
Every wallet tech provider is being scooped up.
Privy by Stripe.
Dynamic by Fireblocks.
Now Fordefi by Paxos.
— Alex Svanevik 🐧 (@ASvanevik) November 26, 2025
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Crypto Wallet Native Tokens are the Next Step for Retail Investors
The obvious move is a Web3 wallet with a native token. Right now, MetaMask is the most high-profile crypto wallet with a token announced. However, there has been no confirmation of a release date or a possible presale for its upcoming MASK token.
A presale seems unlikely, as the firm is owned and operated by Consensys, a juggernaut Web3 firm that likely doesn’t need one to raise funds for its token launch. And if MetaMask does a capital raise, it will likely go the traditional VC route, leveraging its industry connections to add value to other large institutions.
Another negative point for the upcoming MetaMask token is its crypto wallet tech. While MetaMask was a leading web3 wallet back in 2018, it has failed to keep up with the times, being labelled ‘dinosaur tech’ by many, as users have instead fled to the likes of Rabby and BEST Wallet.
While Rabby has yet to announce a native token, BEST Wallet has had a wildly successful presale over the past few months, raising over $17.5M and attracting over 55,000 participants, making it the largest crypto wallet ICO in 2025.
Just in: MetaMask picks banks for IPO.
This comes shortly after announcing their own token.
There’s probably no clearer way to tell everyone eagerly waiting for $MASK that it’s going to be a completely worthless shitcoin and all the real value will go to shareholders / equity… pic.twitter.com/zCUWLAnWCh
— Simon Dedic (@sjdedic) October 29, 2025
48 Hours Remaining Before the BEST Wallet Presale Comes to a Close: $17.5M Raised to Date
BEST Wallet has been conducting a community-focused ICO for the past few months, offering retail investors a chance to get in on the ground floor of one of the hottest Web3 wallets on the market right now.
Rather than giving tokens to huge VCs, whose only aim is to ‘max-extract’ at the earliest point, over 55,000 retail investors with a longer-term investment horizon are the biggest buyers of BEST.
At its heart, Best Wallet is a self-custodial Web3 wallet that is changing the game. It is powered by its native coin, BEST crypto, which is still available for another 48 hours in presale after already raising an incredible $17.5M.
It is a one-stop-shop crypto wallet that lets users do everything in one place, without needing dozens of apps. From all within the wallet app, users can buy and sell thousands of tokens across 60+ chains seamlessly. Full support is available for Bitcoin, Ethereum, Solana, Base, and many more.
DeFi tools built into the wallet allow users to stake tokens for passive income while wagering and gaming with their crypto holdings. The crown jewel of BEST Wallet is its ‘Upcoming Tokens’ feature, a built-in launchpad that hosts some of the most hyped presales, offering BEST Wallet users exclusive access to get in at early-bird prices.
The final piece of the puzzle for Best Wallet to truly become the only app crypto investors need is its upcoming debit card, which will allow users to spend their crypto holdings at any Google or Apple Pay terminal worldwide. Once this goes live, it will eliminate the need for a traditional bank and 20+ apps on your phone.
Bitget, OKB, Cronos
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are some of the best crypto performers in 2025, highlighting a demand for utility-based tokens. Coupled with the likes of Paxos and Stripe buying crypto wallets, BEST is a top pick for the next 100x play heading into 2026.
Its native token, BEST, is still available in presale at $0.026005 per token, but only for the next 48 hours. Following that, the ICO will conclude, and the token will hit exchanges, with rumors of a tier-1 CEX listing at launch.
Stay up-to-date with all things BEST crypto by joining the community on X, Telegram, and Discord.
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