Ethereum Mega Whale Holds $120 Million In Shiba Inu And This Bitcoin ETF Token



07 10 2024 img

Despite the latest market sell-offs, financial analysts have noticed an Ethereum mega whale has amassed a large holding of certain interesting crypto tokens. The anonymous crypto investor has gathered $120 million in Shiba Inu (SHIB) and ETFSwap (ETFS), a Bitcoin ETF token. 

Massive Shiba Inu (SHIB) Acquisition By Anonymous Ethereum Mega Whale

The crypto market has recently turned its attention to Shiba Inu (SHIB) and a new Bitcoin ETF token, ETFSwap (ETFS). The increasing interest in this new Bitcoin ETF token and a transaction by an Ethereum mega whale has created optimistic sentiments for Spot ETFs in the crypto community. 

The anonymous Ethereum mega whale has recently accumulated a $120 million crypto asset portfolio. The latest data reveals that he accumulated 583 billion Shiba Inu (SHIB) and a few other altcoins, including ETFSwap (ETFS), a new Bitcoin ETF token. 

Notable investments of the Ethereum mega whale include his biggest holding of $40.65 million in Tether (USDT), $31.1 million in Ethereum (ETH), $9.82 million in Pepe (PEPE), and $8.6 million in Shiba Inu (SHIB) making it his fourth largest holding. His portfolio data reveals that in addition to Shiba Inu (SHIB), he also invested considerably in Dogecoin (DOGE), Floki (FLOKI), and ETFSwap (ETFS).

In a recent post on X (formerly Twitter), a market watcher noted that the whale started small-scale test transfers to and from exchanges six days ago. This shows the decision was not spur-of-the-moment, but rather, an indication of the changing dynamic of the crypto market. 

The changing market dynamic has motivated other crypto analysts to predict an “altseason”, a term that describes the significant increase in altcoin prices exceeding that of Bitcoin (BTC). Other factors behind the whale’s huge transfer could be the advancements in Bitcoin ETFs and Ethereum ETFs, and the increasing political influence of crypto voters.

Bitcoin ETF Token, ETFSwap (ETFS), Is Receiving Heightened Interest From Crypto Whales 

ETFSwap (ETFS) is the premier platform for trading crypto ETFs and other tokenized institutional assets. ETFSwap (ETFS) is the go-to platform for investors looking to diversify their portfolios through other investment avenues. The flexibility allows traders to invest in tokenized real-world assets like Gold through tokenized ETFs. 

ETFSwap (ETFS) combines institutional assets with a blockchain platform so traders and investors can enjoy the transparency, security, and efficiency that decentralization offers. The platform allows traders or investors to swap their preferred cryptocurrency with the listed tokenized representations of tangible assets.

ETFSwap’s (ETFS) easy-to-use interface leverages intuitive and responsive design so traders can conveniently execute their trades and smoothly navigate the different tools and features. Also, the AI-powered tools featured in the ETFSwap (ETFS) platform allow traders to monitor their investments efficiently. 

ETFSwap (ETFS) provides traders with 24/7 market access and coverage, ensuring all traders can turn their investment strategies into successful ventures. The around-the-clock coverage prevents traders from being gripped by fear of missing trading opportunities. Conversely, if there are changes in market conditions, traders can also effectively adapt.

ETFSwap (ETFS) breaks the limitations and barriers of traditional financial markets, so traders don’t need permission from centralized authorities before making investments. The platform allows any user to engage in trading activities freely without needing approval from centralized banks. 

With more crypto whales turning attention to the Bitcoin ETF token, ETFSwap’s (ETFS) ongoing token presale is seeing massive investments and is fast selling out. Over 41 million units have been sold and $2 million raised.

Conclusion

The anonymous Ethereum mega whale’s acquisition of $120 million in altcoins and ETFswap (ETFS) is just the beginning. The market is making a huge shift into tokenized ETFs, which are projected to see increasingly massive inflows in the coming months and years. 

ETFSwap’s (ETFS) plan to lead the journey is already ongoing with the presale of its Bitcoin ETF token. At a discounted price of $0.01831 and an ongoing 40% bonus promo, whales can grab as many units as they want to position themselves for maximum gains. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

 

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.



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