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Tron’s meme coin ecosystem has been gaining much attention, with crypto whales looking for what meme coins to invest in. Tron’s Sundog looks to be first on the list as a crypto whale recently invested almost $500,000 in the meme coin. At the same time, these crypto whales are investing in utility tokens like the Ethereum token ETFSwap (ETFS), which forms most of their long-term investments.
Onchain data shows that a crypto whale invested $450,000 into Tron’s Sundog on August 19. Sundog is the flagship meme coin on the Tron network and has been gaining a lot of attention as crypto whales look to position themselves in the current meme coin craze on Tron. As the foremost meme coin on Tron, there is the belief that Sundog could easily reach a billion market cap at some point.
However, despite the frenzy around Tron’s Sundog, crypto whales are still cautious about going all in on the meme coin, considering how volatile this category of crypto tokens is. That is why these crypto whales are turning to utility tokens like ETFSwap (ETFS) as their safe havens and hedge against their short-term investments in meme coins like Sundog.
Crypto whales have invested over $3 million in ETFSwap’s (ETFS) ongoing presale, seeking up to 50x returns from the crypto token. This is based on analysts' prediction that the ETFS token will record a 5,000% price gain from its current price of $0.01831. These analysts have analyzed several fundamentals for the Ethereum token and concluded that it could surge beyond their expectations.
These fundamentals include the team behind the project, with analysts seeing that they have the expertise and experience to ensure that ETFSwap (ETFS) reach such heights. After extensive verification, the audit firm Solidproof certified the team for their proven track record with past projects.
Beyond the team’s expertise, ETFSwap (ETFS) boasts an unrivalled utility in the crypto space, which places it in an excellent position to outperform the broader crypto market in this bull run. The Ethereum token is the native token of the ETFSwap investment platform and integral to the platform’s plans to revolutionize exchange-traded fund (ETF) trading using blockchain technology.
Users on the decentralized finance (DeFi) platform can easily convert the Ethereum token to their preferred ETF. This provides easy access to the traditional market for crypto whales looking to diversify their portfolios beyond cryptocurrencies. The platform also offers several other commodities that these crypto whales can invest in.
Besides being able to swap the ETFSwap (ETFS) token for tokenized ETFs on the trading platform, investors enjoy other benefits by holding the Ethereum token. For instance, token holders enjoy reduced costs whenever investing in tokenized ETFs on the decentralized investment platform. Day traders also enjoy lower fees while trading.
Other benefits of holding ETFS include passive income, governance rights and access to exclusive investment opportunities on the DeFi platform, among others. This passive income comes from rewards earned from staking the Ethereum token. Holders can also provide liquidity and earn part of the fees from token swaps. Meanwhile, holders will get first dibs on investment opportunities like ETFSwap’s ETF, which will launch in 2025.
ETFSwap’s (ETFS) tokenomics is another reason the crypto token is well primed to reach unprecedented heights. The Ethereum token has a total supply of 1 billion, with almost 50% reserved for the community. Only 6% of the supply is allocated to the team, and these tokens are vested for five years.
With such utility and benefits, it is no surprise that crypto whales see ETFSwap (ETFS) as a safer and better investment than meme coins like Tron’s Sundog. Crypto investors who do not want to miss out on this investment opportunity must act fast, as it is only a matter of time before the Ethereum token surges from its current price of $0.01831.
For more information about the ETFS Crypto Presale:
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