Dogecoin whales spent $2.76 billion buying DOGE as the meme coin continues to enjoy strong gains while investors also buy ETFSwap (ETFS).
With Dogecoin price currently showing a bullish outlook, Dogecoin whales are actively accumulating DOGE. These Dogecoin whales are looking to position themselves for significant rallies that the leading coin could see in the coming weeks.
Dogecoin whales spend $2.76 billion to buy DOGE
IntoTheBlock data shows that Dogecoin whales have spent over $2.76 billion purchasing DOGE over the past seven days. The largest inflows of Dogecoin whales occurred on October 30, when they purchased 2.88 billion DOGE. Since then, these Dogecoin whales have continued to generate millions of DOGE coins.
This movement of these Dogecoin whales is believed to be in anticipation of a massive rise in the price of the Dogecoin Price. The meme coin has already seen significant gains in recent days, indicating that these Dogecoin whales are already in profit. IntoTheBlock data shows that most DOGE addresses (88.59%) are in-the-money while the remaining 11.41% are out-of-the-money, meaning these Dogecoin whales are currently not at a loss on their investments DOGE.
Investors are also spending millions on ETFSwap (ETFS)
Investors are also spending millions of dollars to buy ETFSwap (ETFS)with millions of ETFS tokens purchased so far as part of the crypto’s ongoing presale. These investors are rushing to buy the ETFS while it is still selling at an affordable price of $0.05769, given its potential in this bull run.
The ETFSwap (ETFS) token has the potential to see significant gains in this bull run due to its impressive utility within the ETFSwap ecosystem. As the native token of the ETFSwap investment platform, investors will need ETFS to access the tokenized exchange-traded funds (ETFs) on the platform.
They will simply exchange the token for the ETF of their choice, making it easier to invest in these traditional assets. These investors will also be able to use the ETFSwap (ETFS) token to invest in crypto assets And other products on the decentralized finance (DeFi) platform. Portfolio diversification will also be facilitated through ETFSwap, as investors will be able to exchange their ETFs for crypto assets and vice versa using the token.
The ETFSwap (ETFS) token is also the key to unlocking other exciting features on the DeFi platform. For example, investors and traders will be able to trade Perpetual ETFs on the decentralized trading platform. The platform offers up to 50x margin on the initial capital of traders when short selling or selling these tokenized ETFs.
This will enable investors and traders to maximize their gains when trading these ETFs as they can easily hedge against their investment in the underlying asset through the perpetual trading service. In addition, the platform staking function allows investors to enjoy significant gains in the ETFSwap ecosystem.
Investors can stake their ETFs and crypto assets and earn up to 87% Annual Percentage Yield (APY) on their staked assets. Another way for investors to generate passive income is to provide liquidity on the ETFSwap platform for token trading. Liquidity providers earn up to 30% of fees from token swaps.
It is also worth mentioning that ETFSwap (ETFS) holders are eligible to monthly airdrops distributed from the ETFS rewards pool. These investment and money making opportunities will be available as soon as the ETFSwap Beta Platform goes live. The beta platform has already launched on the Ethereum testnet, with a mainnet launch expected to follow at any time.
Conclusion
While Dogecoin whales benefit from DOGE’s significant price gains, investors also have the opportunity to make massive returns of ETFSwap (ETFS), given its potential. Those looking to get into ETFSwap (ETFS) can still do so with the bonus round of the pre-sale. However, investors should hurry as it is for a limited time.
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.