Crypto whales have been busy during this downtrend that has plagued the crypto market. They have been using this dip as an opportunity to accumulate Ethereum (ETH), Shiba Inu (SHIB), and Pepe (PEPE). ETFSwap (ETFS) is another altcoin they have been buying, with the crypto token currently selling at a discounted price of $0.0183.
Crypto Whale Buys $59 Million Worth Of Crypto
Data from the on-chain analytics platform Arkham Intelligence shows a crypto whale (0x4fdFE….4271E) bought and withdrew $59 million worth of crypto from Binance. The whale bought 9,425 Ethereum ($30.92 million), 957.7 billion PEPE ($9.82 million), and 583.7 billion Shiba Inu ($9.63 million).
The other tokens the whale bought include 438,700 RNDR ($3.13M), 5.187 million MATIC ($2.81 million), 104,100 LINK ($1.47 million), 39,100 AVAX ($1.08 million), and 2.762 million GRT ($0.55 million). Ethereum, PEPE, and Shiba Inu formed the majority of this whale’s purchase.
The purchase of Ethereum (ETH), Shiba Inu (SHIB), Pepe (PEPE), and the other altcoins is believed to be a ‘buy-the-dip’ investment. This investor likely expects Ethereum (ETH), Shiba Inu (SHIB), and Pepe (PEPE) to be among the crypto tokens that enjoy a massive rebound once the crypto market recovers. Moreover, Shiba Inu and PEPE are Ethereum-based tokens, which means they are poised to enjoy significant price surges once the Spot Ethereum ETFs begin trading.
Crypto Whales Are Also Accumulating ETFSwap (ETFS)
Crypto whales are also accumulating ETFSwap (ETFS), another Ethereum-based token. ETFS has a bullish outlook, especially thanks to the imminent launch of the Spot Ethereum ETFs and ETFSwap’s beta platform. ETFSwap is a decentralized investment platform that tokenizes exchange-traded funds (ETFs) like the Spot Ethereum ETFs and other crypto ETFs.
ETFSwap (ETFS) is redefining ETF trading by integrating these traditional assets with blockchain technology. This enables permissionless ETF trading, as investors can now invest in ETFs without needing authorization. The trading platform has also made its Know-Your-Customer (KYC) requirements non-mandatory, meaning users can start investing immediately.
The decentralized finance (DeFi) platform has also introduced anonymous ETF trading, as users can trade these traditional assets anonymously. This is made possible thanks to zero-knowledge (ZK) proof technology, which allows users to trade without revealing their identity or other sensitive information.
Users also get to enjoy leverage trading, with ETFSwap (ETFS) offering up to 50x leverage on each ETF trade. The platform also offers futures trading, allowing users to buy or sell these traditional assets at a scheduled date and a particular price. Additionally, ETFSwap offers perpetual trading services so that users can bet on the future price of an asset without an expiration date.
ETFSwap (ETFS) offers other investment opportunities besides ETFs. Users can swap their ETFS holdings on the platform for various commodities and cryptocurrencies. They can also stake their crypto assets and earn high yields on the DeFi platform. Specifically, investors enjoy up to 80% annual yield (APY) on their staked ETFS tokens.
ETFSwap also plans to launch its own ETF in 2025, allowing users to maximize their gains at the projected peak of the bull run. There are exciting times ahead for ETFSwap (ETFS), so buying the ETFS token at its current price of $0.0183 is a steal! The crypto token’s value will continue to skyrocket as the trading platform unveils more bullish developments for its ecosystem.
Conclusion On Last Chance To Buy ETFSwap (ETFS) On The Market Dip
This recent market downtrend is believed to be the last shakeout before a continuation of the bull run. This is the last chance to buy ETFSwap (ETFS) while selling at these lows. ETFS is projected to be one of the best-performing assets when the bull run kicks into full gear, outperforming the likes of Ethereum (ETH), Shiba Inu (SHIB), and Pepe (PEPE).
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