

Shiba Inu (SHIB) and Dogecoin (DOGE) Whales Are Reshuffling Holdings Amidst A Slump, See Potential In ETFSwap (ETFS) Presale
Jun 16, 2024 am 09:32 AMThe rumblings of a new trend in the constantly changing world of cryptocurrencies are becoming louder. Shiba Inu (SHIB) and Dogecoin (DOGE) whales are grabbing
As the cryptocurrency market continues to evolve, a new trend is emerging with Shiba Inu (SHIB) and Dogecoin (DOGE) whales showing interest in the ETFSwap (ETFS) presale round.
The ETFS token serves as a gateway to the ETFswap (ETFS) platform, enabling users to trade tokenized ETFs on the blockchain network. Holders of ETFS tokens also enjoy lower trading fees and can participate in governance by voting on platform changes.
Recently, a large movement of more than 500 billion SHIB tokens was observed, while two major transactions of 200 million and 126 million DOGE were carried out by Dogecoin whales.
However, upon closer examination, it becomes evident that all three of the transactions, which began on Robinhood, saw these large bundles of meme coins simply making a round trip and ending up back on Robinhood. The destination wallets belong to this trading platform, indicating that Robinhood has been internally rotating its Dogecoin and Shiba Inu holdings.
Given the recent underperformance of these popular meme-coins, it comes as no surprise that Dogecoin and Shiba Inu whales are now shifting their investments towards utility-driven projects like ETFSwap (ETFS).
Dogecoin and Shiba Inu whales are accumulating ETFS tokens in the ongoing presale round, with over 20 million ETFSwap (ETFS) tokens being sold within a short span of just a few days.
When compared to DOGE and SHIB, the ETFS token appears to be showing the strongest positive momentum, which is likely the reason for these whales choosing it.
Moreover, ETFS tokens, which are currently trading at $0.01831, seem more favorable in terms of price compared to other coins and could potentially yield the highest returns for cryptocurrency investors.
The token presale is still open, providing an opportunity for crypto enthusiasts to join in. Investors can use the code ETFS20 during the purchase to receive a 20% bonus.
It is anticipated that the next phase will see the price of ETFSwap (ETFS) increasing to $0.03846, indicating that those who invest early will stand to gain the most from the token.
News source:https://www.kdj.com/cryptocurrencies-news/articles/shiba-inu-shib-dogecoin-doge-whales-reshuffling-holdings-amidst-slump-potential-etfswap-etfs-presale.html
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