Crypto whales recently bought billions of Shiba Inu (SHIB) and Pepe (PEPE), signaling a bullish development for the respective crypto tokens. These whales are known to play a massive role in a token’s price discovery, and their purchases could lead to a significant price surge for the meme coins.
ETFSwap (ETFS) is another crypto token that recently witnessed a surge in whale activity. This category of large investors has purchased millions of the ETFSwap (ETFS) tokens in its ongoing presale.
Crypto Whales Buy 624 Billion Of Pepe (PEPE) And Shiba Inu (SHIB) Tokens
On-chain data shows that crypto whales have accumulated over 624 billion Pepe (PEPE) and Shiba Inu (SHIB) tokens in the last 24 hours. Specifically, one wallet address (0x10Dc) bought 241.6 billion PEPE ($1.75 million) and 53 billion SHIB ($1.27 million).
Meanwhile, another whale is seen to have withdrawn 329.3 billion Pepe (PEPE) from crypto exchanges Binance and MEXC. Whales taking their crypto holdings off exchanges is considered bullish, as it most likely means they are choosing to hold for the long term instead of selling anytime soon.
Shiba Inu (SHIB) and Pepe (PEPE) prices reacted positively to this development. Shiba Inu (SHIB) rose to as high as $0.00002461 in the last 24 hours, while Pepe (PEPE) climbed to as high as $0.000007583 during the same period.
It is also worth noting that both meme coins have recorded a surge in their trading volume, suggesting that investors (besides whales) are also actively trading these tokens.
Data from CoinMarketCap shows that Pepe’s (PEPE) trading volume rose by over 30% in the last 24 hours, while Shiba Inu’s (SHIB) trading volume also increased by over 35%.
Investors looking to invest in both meme coins now may have to be cautious, given their strong positive correlation with Bitcoin’s price. With Bitcoin currently dumping, Shiba Inu (SHIB) and Pepe (PEPE) have followed suit. Both crypto tokens are currently trading at around $0.00002237 and $0.000006781, down over 5% and 3% in the last 24 hours, respectively.
Meanwhile, ETFSwap (ETFS) has shown green flags all around, prompting Shiba Inu (SHIB) and Pepe (PEPE) whales to invest heavily in its presale.
Crypto Whales Are Swimming Into ETFSwap (ETFS)
Newcomer ETFSwap (ETFS) is seeing a large influx of crypto whales come into its ecosystem. These whales alone have bought over 60 million ETFSwap (ETFS) tokens in stage 1 of the ongoing presale. These crypto investors say that they see the crypto token as a high-conviction play, having seen how bullish crypto experts are bullish on it.
These crypto experts say that ETFSwap (ETFS) could rise to as high as $5, a 58,000% gain from its current price of $0.00854. Meanwhile, ETFSwap (ETFS) has shown its strength in the crypto market, with its value skyrocketing despite the recent marketwide downtrend, which has overwhelmed other altcoins.
ETFSwap’s (ETFS) impressive price action amidst this downtrend has convinced even more investors that investing in the crypto token may indeed be the best play for this bull run. It is worth noting that ETFS has managed this run without even factoring that it is the native token of ETFSwap, a Real World Asset (RWA) crypto project.
RWA projects are projected to soon become the leading narrative in the crypto space, especially with asset tokenization expected to become a trillion-dollar market soon enough. That means tokens like ETFSwap (ETFS) will see a massive inflow of liquidity, which would cause a further spike in their prices.
Moreover, ETFSwap (ETFS) stands out with its unique offering, as it will be the first decentralized finance (DeFi) platform to offer tokenized exchange-traded funds (ETFs). As such, Web3 natives looking to invest in this class of traditional assets will ultimately flock to the platform.
ETFS tokens are required to access investment opportunities on the platform, which is another reason why the token is recording increased demand in its ongoing presale. Although stage 1 of the presale is still ongoing, it is expected to end sooner than the scheduled date. That means those who have yet to invest need to act if they want to make maximum gains from this alpha.
The tokens are currently selling for an affordable price of $0.00854 in the first stage of the presale, but the price is scheduled to jump 100% to $0.01831 in the second stage, making this the best time to invest.
For more information about the ETFS Presale:
Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.
