In recent weeks, Dogecoin (DOGE) and Shiba Inu (SHIB) have been experiencing price fluctuations due to significant selling pressure exerted by large investors known as crypto whales. Experts believe that these crypto whales may be strategically reallocating their holdings to gain early exposure to the promising ETFSwap (ETFS). With its ongoing presale that has sold over 87 million tokens in stage 1 alone, ETFSwap is poised to outperform every cryptocurrency.
Dogecoin (DOGE) price movement amidst whale activity
Blockchain data from renowned blockchain tracker, Whale Alert, showed that 120 million Dogecoin (DOGE) tokens worth $18.55 million were recently moved to Robinhood, a trading platform. Interestingly, the same source bought 226 million DOGE from Robinhood last month at a lower price, potentially securing significant gains.
Despite this significant sell-off of tokens by this Whale, the Dogecoin (DOGE) price surprisingly held its ground, demonstrating short-term resilience. Its current healthy market cap of $22.41 billion reflects this resilience. However, the future price trajectory remains unclear as derivative data paints a mixed picture.
Open interest (OI) is on the rise, suggesting increased speculative activity in the market. Conversely, the decrease in derivative volume hints at a potential decline in overall trading momentum.
These conflicting signals highlight the uncertainty surrounding Dogecoin’s future price movements. In this light, Dogecoin (DOGE) investors are considering shifting their focus to ETFSwap (ETFS), an undervalued project with the potential for significant gains as market momentum strengthens for a potential bull run.
Shiba Inu (SHIB) price slumps despite whale activity
Shiba Inu experienced a significant drop in price during today’s trading session. According to data from CoinMarketCap, the Shiba Inu (SHIB) token was trading at $0.00002402 (at the time of writing), marking a 3.28% drop despite a substantial transaction by a mysterious whale.
As per data from Whale Alert, an unidentified whale transferred 1.75 trillion SHIB tokens valued at $39 million from the Robinhood crypto platform to two undisclosed wallets. The substantial deposits and holdings by this mysterious whale have sparked speculations among crypto analysts and traders about a potential Shiba Inu rally.
Some analysts and token holders envision a price target of $0.001 for Shiba Inu (SHIB) in the coming months. Despite these optimistic forecasts and projections for the Shiba Inu meme cryptocurrency, the native token, SHIB, continues to face challenges as its price declines.
Significant whales within the Shiba Inu ecosystem have been observed redirecting their interests towards other promising utility projects like ETFSwap (ETFS), potentially limiting the Shiba Inu’s (SHIB) ecosystem’s growth potential.
Crypto whales choose ETFSwap (ETFS) over meme coins
ETFSwap’s innovative approach and exceptional value are not just attracting whales but potentially marking a turning point in the crypto market. Unlike the meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), ETFSwap (ETFS) offers stability and diversification.
By enabling on-chain trading of tokenized exchange-traded funds (ETFs), ETFSwap unlocks a world of real-world assets (RWAs) like stocks and bonds for crypto investors. Interestingly, ETFSwap offers a distinctive leverage feature that enables users to amplify their profits by utilizing up to 10X leverage on these tokenized funds.
The high-leverage structure alone distinguishes it from its centralized counterparts as they do not offer such features. Another benefit of using the ETFSwap (ETFS) platform is its around-the-clock settlements and buybacks, available 24/7. This allows investors to cash out their investments or settle their trades without having to wait for standard trading hours.
The launch of ETFSwap comes at an opportune moment, as Real World Assets (RWA) are set to become a major sector within the crypto space. ETFSwap has demonstrated its ambition to emerge as a leading RWA crypto project when the time arrives. Reaching this status is anticipated to attract billions of dollars to the platform, particularly as asset tokenization is expected to evolve into a trillion-dollar market.
Therefore, crypto whales are dumping Dogecoin (DOGE) and Shiba Inu (SHIB) and buying as many ETFSwap (ETFS) tokens as possible. So far, the platform has sold out over 65 million tokens. Nevertheless, those who still want to invest can do so and try to cash in, as stage 1 of the token presale is still ongoing.
Investors should take action now, as the price of ETFS will double when Stage 2 of its presale starts. Crypto experts also believe these investors that ETFSwap could see a 4,000X increase from its current price of $0.00854 if it reaches the $4 mark.
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