Ethereum
Ethereum whale invests $38 million in ETFSwap, sparking community curiosity
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The massive Ethereum whale sell-off is stirring crypto markets as profits flow to ETFSwap, sparking curiosity and speculation.
The crypto space has been thrown into a state of confusion after a popular anonymous Ethereum (ETH) whale reportedly sold $38 million worth of ETH. This does not look good for the Ethereum community, as the law signals a continued downward trend.
However, amidst the whole scenario, the anonymous whale is investing his profits in the trending crypto platform. ETFSwap (ETFS). This action piqued the curiosity of several crypto enthusiasts and investors, “Why ETFSwap?”
Ethereum Loses Its Appeal as Price Fights Continue
In a recent job by Lookonchain, an anonymous Ethereum whale sold approximately 11,892 ETH, the equivalent of $38 million.
The sale has garnered considerable attention from the crypto community and is throwing the Ethereum community into disarray as there is speculation about the future. Over the past 24 hours, Ethereum is down 4.7%, as it sells for $3,173.05. Compared to its all-time high of $4,878.26 in November 2021, it reflects a 35% decline in value.
Before the sell-off, investors were determinedly pushing for higher prices, hoping that this momentum would enable a bull market. However, recent events have changed the situation, as market activity suggests that several other retail investors and whales could exit if the bearish period continues.
The continued decline in prices of Ethereum is a major topic in the crypto community, prompting investors to look for viable and sustainable alternatives. So, they could also head to the influential whale and invest the profits in the trending project, ETFSwap.
ETFSwap: A sustainable investment for retail investors and whales
ETFSwap is an emerging decentralized finance platform built on the Ethereum network. This challenge has seen an influx of investors in recent weeks due to the benefits it promises and the success it is expected to see. One such investor is the trending Ethereum whale.
In its aim to bridge the gap between traditional financial institutions and defi, ETFSwap allows users and investors to own, trade and invest in various tokenized exchange-traded funds while accessing the benefits and innovations of defi . They also have the option to exchange their tokenized ETFs for cryptocurrencies or vice versa.
By enabling the trading of various ETFs, ETFSwap has shown that it is at the forefront of the evolution of the challenge sector. Now users and investors can broaden their horizons while diversifying their portfolios by choosing from different sectors, not just traditional sectors. They can explore the real estate, commodities, energy, healthcare, crypto or technology sectors, spreading risks and potentially maximizing returns.
A major advantage of ETFSwap over other cryptocurrencies is that it does not require KYC verification. Users and investors can engage in trading activities without fear of being doxxed or interfered with by banks or intermediaries. This is excellent news for small and medium-sized investors.
Additionally, ETFSwap is a secure platform to trade on as CyberScope, a leading blockchain company, has certified the platform as safe and reliable after auditing its smart contracts. Likewise, users and investors are assured of smooth and reliable transactions as ETFSwap optimizes the potential of blockchain technology to provide transparent transactions, decentralized governance and efficient trading services.
The ETFSwap network believes that the community is an integral part of the project. Therefore, 4% of ETFSwap tokens were allocated to the community to reward them for participating in staking activities.
Currently, ETFSwap is in its Phase 1 pre-sale phase and is selling at $0.00854. The momentum around the project is huge, as over 40 million tokens have already been purchased. The Stage 2 presale starts soon and will sell for $0.01831. This indicates a scintillating 100% profit for stage one investors.
To learn more, visit the ETFSwap presale And join the ETFSwap community.
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