Shiba Inu (SHIB) and Pepe (PEPE) whales have been found initiating crypto transactions involving massive amounts of tokens that could potentially impact the market.
Recently, whale activities have been on the high side, with multiple crypto whales observed either acquiring large amounts of coins or moving them from anonymous wallet addresses to specific crypto exchanges. Given how volatile the market is, these transactions could have a heavy impact on a cryptocurrency's price.
While some whale transfers tend to signal bearish sentiment, others indicate a more bullish outlook for a cryptocurrency. A prime example of a potentially bullish token is ETFSwap ($ETFS), a futuristic cryptocurrency on which numerous investors have strategically bet a whopping $750,000.
In a recent X (formerly Twitter) post, blockchain tracker and analytics platform Whale Alert, unveiled a substantial transfer made by a Shiba Inu (SHIB) whale. According to the crypto tracker, an anonymous whale had bought approximately 692,400,000,000 Shiba Inu (SHIB) tokens from Crypto.com, a popular crypto exchange.
The 692.4 billion Shiba Inu (SHIB) purchase was worth about $19.2 million and was initiated on Monday, April 8. Whale Alert had revealed that the tokens were moved to an unknown crypto wallet address, leaving uncertainty about the future of these coins.
Usually, when a considerable amount of cryptocurrencies is moved from an exchange to a wallet address, it often signals that the investor intends to securely store the coins or HODL the tokens for an extended period.
Currently, Shiba Inu (SHIB) is experiencing a slight price correction, dipping by 0.49% in the last 24 hours, as whale movements during this time could trigger a potential bearish trend for the cryptocurrency. However, the fact that the anonymous whale has not begun initiating a sell-off could indicate that Shiba Inu (SHIB) may be getting ready for a rally soon.
Regardless of the outcome, the market is still closely watching to determine how much these Shiba Inu (SHIB) transactions could potentially impact the current market.
The price of Pepe (PEPE) has been on a steady downward trend for the past month. Earlier in March, Whale Alert revealed that an anonymous crypto whale had executed a massive Pepe (PEPE) transfer from KuCoin, a popular crypto exchange.
The on-chain tracker revealed that approximately 2,635,658,884,119 Pepe (PEPE) tokens were moved to an unidentified wallet address. At the time, the 2.6 trillion tokens were valued at more than $21 million.
Additionally, following the transfer, the price of Pepe (PEPE) dropped considerably, falling to about $0.000074. Currently, Pepe (PEPE) is trading at $0.00000699, reflecting a 22.66% decline over the past month, according to CoinMarketCap.
ETFSwap ($ETFS) presents both beginner and seasoned crypto investors with the chance to potentially generate substantial returns through the purchase and trading of Spot Bitcoin ETFs. Due to the cryptocurrency's immense future potential and value driven by real-world use cases, many investors are rapidly purchasing this token, placing big bets on its value in the next couple of years.
A total of $750,000 has already been raised in its private round fundraising, emphasizing the support and interest investors have shown in this cryptocurrency.
As a unique token, ETFSwap ($ETFS) will provide investors in different regions around the globe with more secure, transparent, and reliable access to Spot Bitcoin ETFs and other tokenized ETFs across a vast variety of industries, delivering advanced trading features and services to users.
This platform has already undergone a stringent audit process by CyberScope, a leading cyber security and blockchain audit firm. The result of the audit revealed there are no flaws in ETFSwap's ($ETFS) underlying infrastructure and its technological features.
By harnessing the power and capabilities of blockchain technology, ETFSwap ($ETFS) seamlessly combines traditional finance with Decentralized Finance (DeFi), allowing users to benefit from the best part of these evolving ecosystems.
Users also have the chance to stake their tokens to earn passive income. Additionally, large token holders will have governance rights, allowing them to actively and directly engage in the operations and future development of the cryptocurrency.
With its presale already ongoing, ETFSwap ($ETFS) has effectively captured key players in the crypto industry, selling over 14.5 million tokens in just the first stage of its presale. Currently priced at $0.00854, the value of the token is poised to increase to $0.01831 by the second presale stage.
Be among the investors poised to make significant profits through strategic investments with ETFSwap ($ETFS). The presale stage is ending in 26 days, so take the chance to invest in these tokens today.
For more information about the $ETFS Presale:
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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.