Crypto enthusiasts and experts often keep an eye out for huge on-chain transactions due to the significance they can have on price action. Whale activity is usually a key indicator for price movements, and the recent movement of 5 trillion Shiba Inu (SHIB) tokens could foreshadow potential market movements.
While observers ponder on the potential implications these large transactions could have, ETFSwap (ETFS) is noticeably rallying on presale, and investors suspect that these SHIB funds could be making a shift to ETFSwap (ETFS).
Whale Activity Spotted On Shiba Inu (SHIB) Amid Volatile Price Action
Shiba Inu (SHIB), the second-largest meme coin in the crypto market and popular for its incredible rally in 2021, has experienced a surge in whale activity. Recent reports show a 268% surge in whale activity over the past few weeks. It has come to light that large transaction volume, including all transactions above $100,000, surged to a total volume of $98.12 million in 24 hours.
According to data from IntoTheBlock, the number of major transactions in Shiba Inu (SHIB) increased dramatically from 1.07 trillion SHIB on April 28 to 4.17 trillion SHIB on April 29. This significant increase in huge transactions suggests that whales have been capitalizing on the volatile price movements on SHIB for profit.
Moreover, the trading activity on Shiba Inu (SHIB) resonates with the meme coin’s active community, considering its extensive ecosystem of games, DeFi platforms, a layer-2 blockchain solution, and other functional use cases available.
Shiba Inu (SHIB) remains on a positive trend in the yearly chart, with over 100% gains in the past year, as the meme coin remains a top pick for several meme coin lovers. However, ETFSwap (ETFS), an Ethereum-based utility project, is grabbing crypto investors’ attention.
ETFSwap (ETFS) Presale Continues To Soar Amid Market Volatility
ETFSwap (ETFS) has remained unaffected by market volatility in the past several days as early presale buyers grab the rare opportunity, and recent market activity has had little to no significance in the ongoing presale. Still, experts suggest that surging whale activity on Shiba Inu (SHIB) could be a precursor to potential movements for ETFSwap (ETFS).
ETFSwap (ETFS) is a new platform for redefined ETF trading on-chain, market-making, perpetual trading, and several other DeFi solutions. By leveraging the blockchain, this new platform allows global accessibility to ETFs from several industries. These ETFs are represented on the blockchain and backed by real securities purchased from traditional markets.
Furthermore, these tokenized ETFs will facilitate easy conversions to cryptocurrencies, quick settlement, access to liquidity to explore the crypto market, and many more. ETFSwap (ETFS) creates an excellent blend of centralized and decentralized finance, allowing users to diversify their portfolios across various asset types and adjust preferences with cutting-edge trading tools.
This new market for tokenized assets has gained traction over the past few years and is poised for massive growth as another crypto bull run approaches. The involvement of industry giants like BlackRock, Grayscale, FIdelity, and several institutions with trillions of dollars in assets under management has further propelled the prospect of this market.
ETFS, the platform’s native token, is expected to rise exponentially once listed on centralized and decentralized exchanges, and investors continue to buy in for maximum returns. ETFS features a number of benefits for its holders, including a reward and equity-based ecosystem, and the token’s value is expected to rally as the platform expands to more users and investors. ETFS will also serve utilities on the ETFSwap platform, such as fee payments, governance tokens, staking rewards, and convertibility with ETF assets.
The ongoing ETFSwap (ETFS) presale offers the earliest entry to investors, and this could be a life-changing investment for buyers who get in early enough. Experts believe ETFSwap (ETFS) has the potential for a 5,000% rally, especially as the premier platform for a solution like this.
The Stage 1 of its presale has begun at $0.00854 per token, so get in now and book massive gains before Stage 3 begins at a 100% markup.
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