Cold Bay Volcano, Stratovolcano in Alaska Peninsula, United States.

Cold Bay Volcano, also called Frosty Peak, is the southern cone of the double-coned Frosty Volcano at the southwest end of the Alaska Peninsula, reaching 1,920 metres (6,299 ft). Frosty Volcano sits on the northern flank of the older Morzhovoi Volcano, whose collapsed caldera leaves North and South Walrus Peak as its highest remaining points.

The volcano formed during the Pleistocene epoch through repeated eruptive cycles, with the southern cone established before Wisconsin Glaciation affected the region. The northern component featuring Morzhovoi developed as a later phase of this volcanic activity.

The name Frosty Peak is shared with the surrounding Frosty Peak volcano complex, and the Walrus Peaks of the old Morzhovoi caldera take their names from the Pacific walrus of the surrounding Bering Sea coast. The volcano stands at the southwest end of the Alaska Peninsula, near the community of Cold Bay, whose name also attaches to the mountain.

Reaching this volcano requires helicopter or boat transport, as the remote location sits far from any paved roads. Visitors should prepare for harsh weather conditions and challenging terrain.

The peaks within the collapsed Morzhovoi caldera carry traditional animal names such as North Walrus and South Walrus, reflecting local knowledge of the region's marine wildlife. These geographic names reveal how volcanic features became tied to the surrounding ecosystem.