Shiba Inu Sees Transaction Volume Surge Amid Optimism for a Price Surge on the Meme Coin

Onchain metric shows a 240% spike in a crucial Shiba Inu metric amid optimism for a price surge on the meme coin.

Shiba Inu (CRYPTO: SHIB) has seen a 240% surge in large transaction volume within 24 hours, according to data from IntoTheBlock.

What Happened: The large transaction volume on Shiba Inu rose from 326.98 billion SHIB on August 10 to 781.4 billion SHIB on August 11. This growth continued into August 12, with transaction volume rising to 1.51 trillion SHIB.

This massive surge in transaction volume suggests that whales are accumulating Shiba Inu as the meme coin eyes the crucial $0.00002 price support. The meme coin reportedly saw a massive price decline in the market crash last week due to whales offloading their bags.

Hence, it is understandable that whales are now looking to buy back the meme coin at a discount. Shiba Inu was the best-performing altcoin in the 2021 bull run and several investors still consider it a strong contender for market gains in the next bull run.

At the time of writing, Shiba Inu is trading at $0.00001367, showing a 25% price decline in the past month.

Despite the positive sentiment around increasing activity on Shiba Inu, experts still believe the meme coin presents some risks amid uncertain market trends. Meme coins often suffer the biggest losses in volatile markets, leading to massive rotation from the meme coin into the new presale token ETFSwap (ETFS) - promising up to 50,000% potential returns post-launch.

Shiba Inu (CRYPTO: SHIB) traders and investors might be interested in a new presale token, called ETFSwap (ETFS), that is set to launch soon.

Here's a quick rundown on what you need to know about ETFS.

What Is ETFSwap (ETFS)? ETFSwap is a new Ethereum (CRYPTO: ETH)-based platform for trading and investing in tokenized ETFs. This novel method of trading the ETF market opens up new market opportunities and broadens the landscape to accommodate new investors.

The emerging ETF trading platform has drawn interest from crypto investors who are impressed by this crypto-compatible means of assets from the traditional markets.

This new ETF trading platform has attracted the attention of both retail and institutional investors who are looking to capitalize on this breakout innovative platform.

As a first-of-its-kind company, experts believe that ETFSwap (ETFS) is prime for claiming a huge market share amid the growing real-world assets (RWA) market.

Some interesting features to look forward to with ETFSwap (ETFS) include fast ETF settlements, no-KYC permissionless trading, 24/7 market hours, crypto-to-ETF swaps, staking for yields, lending, and better access to liquidity. This new ETF platform is an upgrade for trading in traditional markets, breaking the limits of TradFi.

ETFS has announced that it is ready for a beta launch, which allows for early testing on the platform ahead of the launch.

Amid the impressive growth being recorded by the new ETF trading platform is the complete KYC verification of team members by SolidProof. These exciting updates assure presale investors of safety as they look towards a successful launch.

Continue Reading on Benzinga ETFS presale is now live. Get in on the ground floor of this exciting new project by joining the presale now.

For more information about the ETFS Presale:

Visit ETFS Presale

Join The ETFS Community

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