Shiba Inu Whales Accumulate Millions of ETFSwap (ETFS) Tokens as ETFS Nears the End of Its Second Presale Stage

A recent report by IntoTheBlock reveals whale activities in the crypto market, revealing over 1 million Shiba Inu coins were traded.

Cryptocurrency whales are known for their massive crypto trades, and their actions often serve as a guide for retail investors. As the crypto market continues to show signs of recovery, Shiba Inu whales have made two key purchases that could yield substantial profits by 2024.

Shiba Inu Whales Ramp Up Buying As SHIB Price Eyes New Heights

Shiba Inu trades above $0.000014, a crucial level after a significant crypto market decline in recent weeks. This new price level indicates whale interest in Shiba Inu as the crypto market shows signs of recovery and stability. As mentioned at the onset, Shiba Inu whales traded large amounts of coins worth billions of dollars in the first week of August.

With Shiba Inu currently worth $0.0000138, a recent market analysis shows that whale activities could resume if the memecoin retests $0.0000164 and stabilizes between this price and $0.0000203. And should whales resume buying, Shiba Inu could hit $0.01 by the end of 2024.

Shiba Inu Price Analysis August 15: SHIB Price Set To Explode To $0.0000203 As Key Resistance At $0.0000164 Is Breached

Shiba Inu whales have shown a particular interest in ETFSwap (ETFS) recently, accumulating millions of tokens as its second presale nears its end. This recent accumulation brings the total ETFS token sold to over 80 million in the second presale stage alone.

This massive buying spree of ETFSwap (ETFS) by Shiba Inu whales is hardly surprising, considering that ETFSwap (ETFS) has stamped itself as a top investment in 2024. The ETFS, the native token of the ETFSwap platform, offers numerous income opportunities that have attracted retail investors, institutional investors, and crypto whales. The ETFS token also gives traders on the ETFSwap trading platform access to the best trading tools and discounts.

For context, ETFSwap (ETFS) is a DeFi trading platform for ETFs on the blockchain. So, traders enjoy discounts on transaction fees when they buy the ETFSwap (ETFS) native token. They also get access to ETF trading tools powered by modern and ultra-intuitive AI machines. These tools are designed to help them enjoy heightened gains when trading ETF-class assets in agriculture, finance, transportation, technology, and oil & gas on the blockchain using the ETFSwap (ETFS) platform.

Additionally, the token gives everyone (not only traders) voting rights to contribute to the decision-making of the ETFSwap (ETFS) ecosystem. There are also earning opportunities by staking the ETFS token in the staking pool (up to 36% profit) and an APR yield of up to 87%. These are why investors such as the Shiba Inu whales buy the token in large chunks.

According to experts, with these token utilities and the influence of the ETF market the platform operates in, ETFSwap (ETFS) is set to rise to $10 at launch despite selling at $0.01831 at the moment. Some even speculate it will skyrocket after launch to above $15 after the ETFSwap (ETFS) verified team announces their application for the token to be traded as a crypto ETF product, just like Spot Ethereum ETF.

Whales’ actions in the crypto market are often a basis to take action as their large purchase often means a good time to also buy. This has been true in the case of Shiba Inu, as it still recorded about $200 million in trade volume after the initial whale purchase, showing a continuous buying pattern. ETFSwap (ETFS) is also enjoying the same buying effect, making it a good time to buy it before its upcoming launch.

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