Crypto Whales Buy the Dip: Accumulate Ethereum (ETH), Shiba Inu (SHIB), Pepe (PEPE), and ETFSwap (ETFS)

Crypto whales have been busy during this downtrend that has plagued the crypto market. They have been using this dip as an opportunity to accumulate

Crypto whales have been on a buying spree during this crypto market downturn. These whales have been using this dip to accumulate large amounts of crypto, with a particular focus on Ethereum (ETH), Shiba Inu (SHIB), and Pepe (PEPE). Another altcoin that crypto whales have been buying is ETFSwap (ETFS).

Crypto Whale Buys $59 Million Worth Of Crypto

According to data from the on-chain analytics platform Arkham Intelligence, a crypto whale (0x4fdFE….4271E) bought and withdrew a total of $59 million worth of crypto from Binance. The whale used this capital to acquire 9,425 Ethereum (ETH) valued at $30.92 million, 957.7 billion PEPE valued at $9.82 million, and 583.7 billion Shiba Inu (SHIB) valued at $9.63 million.

The other crypto tokens that this whale bought include 438,700 RNDR (around $3.13 million), 5.187 million MATIC (around $2.81 million), 104,100 LINK (around $1.47 million), 39,100 AVAX (around $1.08 million), and 2.762 million GRT (around $0.55 million). Notably, the majority of this whale’s purchase was allocated to Ethereum (ETH), PEPE, and Shiba Inu (SHIB).

This purchase of Ethereum (ETH), Shiba Inu (SHIB), Pepe (PEPE), and other altcoins is part of a ‘buy-the-dip’ investment strategy. This investor is likely betting on Ethereum (ETH), Shiba Inu (SHIB), and Pepe (PEPE) to be among the crypto tokens that enjoy a massive rebound once the crypto market recovers. Also, Shiba Inu and PEPE are Ethereum-based tokens that are set to enjoy significant price surges once the Spot Ethereum ETFs begin trading.

Crypto Whales Are Also Accumulating ETFSwap (ETFS)

Apart from the aforementioned crypto tokens, crypto whales are also accumulating ETFSwap (ETFS), another Ethereum-based token that has a bullish outlook, especially thanks to the upcoming launch of the Spot Ethereum ETFs and ETFS’s beta platform.

ETFS is the governance token of ETFSwap, a decentralized investment platform that tokenizes exchange-traded funds (ETFs) like the Spot Ethereum ETFs and other crypto ETFS. ETFSwap integrates these traditional assets with blockchain technology to create a decentralized investment platform.

This enables permissionless ETF trading, where investors can start investing in ETFs without needing any authorization. The trading platform also makes its Know-Your-Customer (KYC) requirements non-mandatory, allowing users to begin investing immediately.

The decentralized finance (DeFi) platform also introduces anonymous ETF trading, where users can trade these traditional assets anonymously. This is possible thanks to zero-knowledge (ZK) proof technology, which allows users to trade without revealing their identity or other sensitive information.

Users also get to enjoy leverage trading, with ETFSwap offering up to 50x leverage on each ETF trade. The platform also offers futures trading, allowing users to buy or sell these traditional assets at a scheduled date and a particular price. Additionally, ETFS offers perpetual trading services so that users can bet on the future price of an asset without an expiration date.

ETFS also offers other investment opportunities besides ETFs. Users can swap their ETFS holdings on the platform for various commodities and cryptocurrencies. They can also stake their crypto assets and earn high yields on the DeFi platform. Specifically, investors enjoy up to 80% annual yield (APY) on their staked ETFS tokens.

ETFS also plans to launch its own ETF in 2025, allowing users to maximize their gains at the projected peak of the bull run. There are exciting times ahead for ETFS, so buying the ETFS token at its current price of $0.0183 is a steal! The crypto token’s value will continue to skyrocket as the trading platform unveils more bullish developments for its ecosystem.

Conclusion On Last Chance To Buy ETFS On The Market Dip

This recent market downtrend is believed to be the last shakeout before a continuation of the bull run. This is the last chance to buy ETFS while selling at these lows. ETFS is projected to be one of the best-performing assets when the bull run kicks into full gear, outperforming the likes of Ethereum (ETH), Shiba Inu (SHIB), and Pepe (PEPE).

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