Crypto Wallets Accumulate 133,300 BTC In One Month, And 500 Million Of This Ethereum Token In A Few Weeks
Bitcoins (BTC) price action has remained tepid for a while as the flagship crypto has continued to swing below and above $60,000. This hasnt deterred specific crypto wallets, which have continued to accumulate as much BTC as they can. The Ethereum token ETFSwap (ETFS) has also witnessed impressive demand, with over 500 million tokens during its ongoing presale.
Bitcoin Whales And Sharks Are Buying The Dip
The onchain analytics platform Santiment revealed in an X (formerly Twitter) post that Bitcoin whales and sharks are buying the dip. These Bitcoin holders refer to crypto wallets holding between 10 and 10,000 BTC. According to Santiment, these Bitcoin investors have collectively accumulated 133,300 BTC over the past month.
The onchain analytics platform noted that these Bitcoin investors look undeterred by BTCs price action. At the same time, smaller traders continue to be impatient and are willing to offload their Bitcoin (BTC) to these whales and sharks. The wave of accumulation from these crypto wallets could be profitable as Bitcoin (BTC) is still expected to rise higher in this bull run.
500 Million ETFSwap (ETFS) Tokens Sold In Ongoing Presale
Over 500 million ETFSwap (ETFS) tokens have been sold in its ongoing presale as investors look to benefit from the Ethereum tokens projected price rally of 50,000%. Interestingly, small traders who have offloaded their Bitcoin (BTC) tokens are also buying the ETFS token as they see an opportunity to enjoy greater returns through the Ethereum token.
Analysts are confident that ETFSwap (ETFS) will reach such heights, seeing the efforts the team has put in place and the outstanding utility that the ETFSwap ecosystem provides. The team, certified by SolidProof, has collaborated with MiCa-compliant regulated investment banks to ensure they have the required permits to offer securities and crypto trading.
Indeed, ETFSwap (ETFS) is set to become the first decentralized finance (DeFi) platform to offer securities and crypto trading in one place. Investors will be able to invest in, and trade tokenized exchange-traded funds (ETFs) on the trading platform while also gaining exposure to their favorite crypto assets.
The trading platform is changing the narrative using its native ETFSwap (ETFS) token. Investors can simply swap the Ethereum token for ETFs or other crypto tokens. The Ethereum token also acts as a bridge between the traditional finance (TradFi) and DeFi worlds, as investors will be able to swap their ETFs for crypto tokens and vice versa.
Furthermore, the Ethereum token provides access to the other exciting offerings in the ETFSwap ecosystem. For instance, traders can hold perpetual contracts for these ETFs and use up to 50x leverage on these assets, allowing them to maximize their gains further. They can also put their ETFs to work by staking them and enjoying mouth-watering yields.
There are several other ways in which investors can make extra gains on the ETFSwap platform. Investors can also stake the ETFS token and enjoy up to 85% annual percentage yield (APY) on the Ethereum token. Token holders can provide liquidity and earn up to 30% of the fees made on token swaps. It is also worth mentioning that holders of the Ethereum token get first dibs on specific investment opportunities, including ETFSwaps ETF, which is set to launch in 2025.
With such exciting offerings and a well-experienced team, ETFSwap (ETFS) is set to take off to the moon. The DeFi platform will become the leading platform for trading these traditional assets, leading to increased demand for the ETFS token. This massive demand is what analysts say will spark the Ethereum tokens 50,000% price gain.
Conclusion
With ETFSwap (ETFS) set to enjoy a 50,000% price gain, early investors who bought the Ethereum token at its current price of $0.03846 enjoy a 500x return on their investment. As such, ETFSwap (ETFS) offers better risk-reward than a token like Bitcoin (BTC), which has less room to run.
For more information about the ETFS Crypto Presale:
For more information about the ETFS Crypto Presale:
Text source: TronWeekly
