Shiba Inu (SHIB) Experience Large Whale Activity Amidst Market Uncertainty, But ETFSwap (ETFS) Is a Better Crypto Investment Platform

While many crypto experienced double-digit gains last week, Shiba Inu's (SHIB) performance paled in comparison. Although this performance is projected

Shiba Inu’s (SHIB) performance paled in comparison to other cryptocurrencies, which experienced double-digit gains last week. However, investors are diversifying their portfolios as SHIB is expected to perform better in the coming months. A novel DeFi cryptocurrency that has captured investors’ attention is ETFSwap (ETFS), which has exhibited exceptional growth a few months into its presale.

Shiba Inu (SHIB) saw large whale activity amidst the market uncertainty. According to CoinMarketCap, SHIB’s price increased by over 3% in the past week, trading at $0.00001797 with a market capitalization of over $10.5 billion, ranking 13th largest crypto by market cap.

However, this situation may change soon as LUCIE, a well-known X handle that shares updates about Shiba Inu’s ecosystem, tweeted about a significant development. As per the tweet, 2.7 billion SHIB, which were valued at $48,343,500 at the time, were transferred from Robinhood to an unknown wallet.

This development indicated that a whale bought a substantial number of Shiba Inu tokens, hinting at a possible price rise in the coming days. The analysis goes through Shiba Inu’s supply held by top addresses increased last week, indicating that whales were actively stockpiling Shiba Inu tokens. However, the rest of the metrics revealed that selling pressure dominated the market.

For example, Shiba Inu’s supply in exchanges increased sharply while its supply outside of exchanges dropped. Additionally, exchange inflows for Shiba Inu spiked, reinforcing the notion that investors were selling their holdings. Generally, an increase in selling pressure leads to price corrections. Other metrics also suggested a similar outcome, such as the memecoin’s NVT ratio rising, indicating that the token might be overvalued and susceptible to a price correction. The MVRV ratio also declined over the past week. Nevertheless, Shiba Inu’s network growth remained robust, with more new addresses being created to facilitate token transfers.

Amidst the ongoing uncertainty surrounding Shiba Inu, many investors are seeking safer investment alternatives with high profit potential. ETFSwap (ETFS) has emerged as a secure platform for investors to explore the tokenized crypto ETF market and capitalize on the opportunities within this landscape.

In contrast to Shiba Inu (SHIB), which is expected to experience a lengthy price appreciation trajectory, ETFSwap (ETFS) is anticipated to yield up to 40000% returns over the coming months, especially following its major exchange listing.

Early investors are advised to seize the opportunity to acquire tokens at the current discounted price of $0.01831 before the price increases to $0.03846 in the upcoming presale stage.

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