A whale banked $2.85 million after the Shiba Inu price surge, raising fears it could lead to a SHIB crash while ETFSwap (ETFS) is also in focus.
The crypto community’s attention has been drawn to a whale that recently cashed in on a significant profit from its SHIB holdings following the Shiba Inu price surge. This development is concerning, given the extent of the selling pressure that could impact the Shiba Inu price and lead to a SHIB crash. Meanwhile, the ETFSwap (ETFS) ecosystem is also in focus.
Shiba Inu price under threat as whale sells $2.85 million worth of SHIB
THE Shiba Inu Price is in danger because a whale recently sold $2.85 million worth of SHIB. On-chain analytics platform Lookonchain revealed in a Message this whale sold 100 billion SHIB. The platform revealed that the Whale still holds 2.5 trillion SHIB, which could impact the price of Shiba Inu if it offloads these SHIB tokens.
The Shiba Inu price is currently very high, up over 26% in the last seven days. However, this whale could derail Shiba Inu price momentum if it decides to dump its remaining SHIB coins immediately. For the moment, it is unlikely that these 100 billion SHIBs sold by the Whale will have an impact on the price of the Shiba Inu.
An overview of the ETFSwap (ETFS) ecosystem
THE ETFSwap (ETFS) The ecosystem is revolutionizing exchange-traded fund (ETF) trading by tokenization of ETFs and allow them to be traded on-chain. Investors will be able to access these funds simply by using the platform’s native token, ETFS, which they will exchange for the asset of their choice.
The ETFSwap (ETFS) team has collaborated with MiCA-regulated investment banks to offer securities and cryptocurrency trading. This makes portfolio diversification much easier since investors can now access these assets in one place using the ETFS token. Decentralized finance (DeFi) platform features also make investing in these assets easier.
For example, the know-your-customer (KYC) requirements of ETFSwap (ETFS) are not obligatory, allowing investors to start investing quickly. The decentralized nature of the platform means that investors can now invest in these assets from anywhere in the world. Meanwhile, ETFSwap offers 24/7 market coverageallowing investors to buy, sell and trade these ETFs at any time.
This development allows investors to benefit from market gains experienced by these assets after traditional trading hours. Traders will also appreciate abundant liquidity when trading these illiquid assets using ETFSwap market making services. This will allow traders to settle their trades instantly and with minimal slippage. Investors and traders will also have access to The Unparalleled Liquidity of Ethereum since the platform is built on the network.
During this time, investors and traders will be able to trade anonymously. zero knowledge (ZK) proof technology will be integrated into the DeFi platform. This technology will allow the platform to confirm the personality of each user without needing to reveal their identity or any sensitive information.
The ETFSwap (ETFS) platform has artificial intelligence (AI)-based trading tools that will help traders execute more successful trades. These AI tools analyze market data, such as historical trends, trading volume, and market sentiment, among others, and recommend the best ETFs to trade.
ETFSwap (ETFS) users can trade Perpetual ETFs, with the platform offering derivatives contracts that allow traders to bet on the future prices of these assets without expiration. Traders can short sell or buy these ETFs to hedge against their investments in the underlying asset.
The platform staking function also provides investors with a way to generate passive income. Investors can stake their ETFs and tokenized crypto assets and earn up to 87% Annual Percentage Yield (APY).
Conclusion
THE ETFSwap (ETFS) The token is at the heart of all offerings on the ETFSwap platform, as investors will need the token to access it. This gives a bullish outlook for the ETFSwap (ETFS) token and could set it up for huge success. Investors looking to position themselves for this potential success can purchase the token during its ongoing presale. bonus round at an affordable price of $0.05769.
For more information about ETFSwap and its presale:
Visit the ETFSwap Presale
Join the ETFSwap community
This is a sponsored post. The opinions expressed are solely those of the sponsor and readers should conduct due diligence before taking any action based on the information presented in this article.