An on-chain analytics platform reveals a potential ETH sell-off by an Ethereum whale that participated in the coin's ICO. This market trend highlights the dynamic nature of the crypto market and investors' constant search for new ways to make profits. Having made massive profits on the ETH holdings, the Ethereum whale is eyeing a new presale ETFSwap (ETFS) for an opportunity for higher returns.
The viral ETFSwap (ETFS) presale has received huge investments from small and large investors and is projected to grow further. Read on to see how to capitalize on shifting market trends.
According to the on-chain analysis account Lookonchain, an Ethereum whale has deposited 48,500 ETH worth about $154 million to OKX at an average price of $3,176 in the past month. Deposits to crypto exchanges are often a sign of selling and could negatively impact price depending on market circumstances.
The Ethereum whale in question reportedly participated in the ETH ICO, where the coin sold for $0.31. While it's fair to say that this Ethereum whale has made massive profits from his early investments, his market activity has had a bearish impact on the coin.
Ethereum's (ETH) daily burn rate has been at the lowest in the past few years, the same as gas fees. This has significantly made Ethereum (ETH) less attractive to investors and traders despite the recent launch of spot Ethereum ETFs.
Nevertheless, Ethereum (ETH) exchange-traded products saw impressive inflows last week, resulting in a bounceback from its monthly lows. Ether products are recording the highest year-to-date inflows to date, and experts believe there's room for more growth amid healthier market conditions.
As of this writing, Ethereum (ETH) is trading at $2,652 and is considered to be underperforming by several major metrics. Despite the bearish activity on the coin, crypto enthusiasts remain amazed at this Ethereum whale, who managed to accumulate so much ETH at a low price.
Crypto enthusiasts seek such early opportunity on ETFSwap (ETFS) and are betting massively on its growth prospects.
ETFSwap (ETFS) has drawn market attention as investors seek safe investment options amid market volatility. The emerging ETF trading platform is currently on presale and unaffected by current market conditions. Therefore, investors consider it a low-cost and low-risk investment opportunity to capitalize on the massive growth prospects.
ETFSwap (ETFS) is considered one of the most promising platforms to emerge this year as it revolutionizes trading methods with tokenization. The new platform will deliver the global ETF market on-chain, allowing global accessibility to ETF assets from various industries to list on the blockchain.
The new DeFi platform will launch on the Ethereum blockchain, leveraging the enhanced security and transparency the blockchain infrastructure provides over centralized trading platforms. More so, ETFSwap (ETFS) will serve as a bridge between centralized and decentralized markets, merging the best of both worlds.
At the same time, the new platform eradicates some of the limitations associated with trading ETFs on centralized markets, such as trading hour limits, KYC restrictions, limited convertibility, and more. ETFSwap (ETFS) promises crypto-compatibility, which facilitates impressive features such as fast ETF settlements, crypto-to-ETF swaps, staking and lending opportunities, and more.
ETFSwap (ETFS) will partner with MiCa-compliant regulated investment banks that trade both the securities and crypto markets. This model works in hand with ensuring that tokenized ETFs are backed with actual ETF securities from traditional markets.
ETFSwap has also passed verification checks by SolidProof, and the identity of each team member has been verified. Project ownership has also been verified, and the smart contract has gone live following a full audit by CyberScope.
The Ethereum whale is reportedly rotating investments into newer investments and hoping the catch is similar to his early ETH investments. Experts believe that ETFSwap (ETFS) is a top pick for the whale and several other large investors, seeing as the presale continues to receive massive investments amid bearish market conditions.
ETFSwap (ETFS) is the presale you should take advantage of. Register now at $0.01831 and take your chance at becoming a crypto millionaire. The next presale stage begins at $0.03846.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.