Amidst the turbulence rocking the crypto market, Shiba Inu (SHIB) saw a surge in market activity as an anonymous whale investor transacted a total of 100 billion SHIB tokens. The transaction chain indicates that 100 billion tokens were moved from a wallet starting with 0x859.
Further analysis reveals that Shiba Inu (SHIB) whales are presently selling and investing proceeds heavily into a raving Ethereum-based presale, ETFSwap (ETFS). Read on to find out why!
Whales Transactions Throw Shiba Inu (SHIB) Community Into Confusion
After a major transaction that saw a total of 100 billion SHIB tokens sold, the Shiba Inu (SHIB) community is left bewildered. Usually, such significant transactions create a downtrend in the market due to increased selling pressure. However, a close look at the Shiba Inu (SHIB) price chart refutes that claim.
Instead of a value decline, SHIB has been on a sudden price spike. Data on CoinGecko shows that the altcoin saw a 1.1% and 1.2 % increase in the last 24 hours and 1 hour, respectively.
The tightening of price movement with an inclining pattern has confused the SHIB community about what to expect in the coming weeks.
Moving Into Ethereum’s Biggest Presale
Shiba Inu (SHIB) is currently riding on the momentum of the Bitcoin Halving event that happened over the weekend. According to data on CoinGecko, Shibu Inu’s (SHIB) price has increased from $0.00002531 to $0.00002795 over the past 24 hours. Likewise, its trading volume increased to $1 billion, reflecting a 53.10% rise from the previous day.
Based on this trend, crypto analyst Rekt Capital’s prediction that Shiba Inu (SHIB) may see a 155% growth in days to come might just become a reality. However, despite this analysis and prediction, the community is left to ponder why its investors are plodding into Ethereum’s raving project, ETFSwap (ETFS).
Why Are Investors Swarming Into The ETFSwap (ETFS) Platform?
ETFSwap (ETFS), an innovative Ethereum-based platform, has gained huge attention in the crypto community. This exciting platform is poised to transform the way exchange-traded funds (ETFs) are traded in the market.
ETFSwap (ETFS) is a decentralized finance (DeFi) platform that aims to bridge the existing gap between traditional finance (TradFi) markets and DeFi networks. Users are enabled to trade, buy, and invest in a wide range of traditional ETFs as well as decentralized ETFs in one marketplace (TradFi-DeFi). Sectors such as technology, energy, and commodities can be explored, spreading risks and potentially enhancing gains.
With a strong focus on flexibility and efficiency, ETFSwap (ETFS) offers market-making and perpetual trading resources, enabling users and investors to trade their holdings continuously without fear of expiration. This innovative technique provides liquidity, transparency, and flexibility to crypto traders, allowing them to deal efficiently.
CyberScope, a leading blockchain security provider, has audited ETFSwap’s (ETFS) smart contracts. The audit results were excellent, reaffirming the platform’s resistance to cyberattacks.
Furthermore, users are provided with an opportunity to leverage their trades. ETFSwap’s (ETFS) network is designed to enable 10x trading leveraging; therefore, investors seeking to maximize their profits can choose to leverage their trades. However, this tool may be suited for only seasoned investors, as leveraging trades amplifies acquired profits or losses.
After an exciting private presale that raised $750,000 from strategic investors who understand the vision, retail and whale investors are streaming into the presale.
Whales Cashing In On Ethereum’s Biggest Presale
The ETFSwap (ETFS) presale offers a life-changing opportunity, and whale investors are keen to seize it. ETFS is a deflationary token that powers the ETFSwap (ETFS) ecosystem, positioning it for massive growth.
Presently in its first presale stage, ETFS sells for just $0.00854 and is selling out fast, with over 22 million tokens already sold. Stage 2 of the presale is set to sell for as high as $0.01831.
This explains why investors are buying the token early, as the next presale stage already guarantees mouthwatering returns for participants in Stage 1.
For more information about the ETFS Presale:
