With the Ethereum price struggling, crypto whales have been liquidating their ETH holdings. These crypto whales have made this move as they say the Ethereum price is unlikely to recover anytime soon. In line with this, these crypto whales are using the millions of dollars liquidated from their ETH holdings to buy ETFSwap (ETFS) in its ongoing presale.
Crypto Whales Invest Millions Into ETFSwap (ETFS) Presale
Crypto whales have invested millions of dollars acquired from their liquidated ETH holdings in ETFSwap’s (ETFS) ongoing presale. These crypto whales want to buy as many tokens as possible while the crypto is selling at an affordable price of $0.03846. These whales recognize ETFS’ potential as they say that it would record massive price gains and outperform the Ethereum price.
Their bullish sentiment for the ETFSwap (ETFS) token is due to its unique utility. The crypto will become the first to provide investors access to the traditional markets as investors will be able to swap it for tokenized exchange-traded funds (ETFs) on the ETFSwap platform.
Therefore, the token provides a more straightforward means for investors to invest in these ETFs without undergoing the overwhelming customer verification processes while using centralized trading platforms. There are no Know-Your-Customer (KYC) requirements on the ETFSwap platform, so investors can start investing quickly.
Furthermore, the ETFSwap (ETFS) token provides access to the cryptocurrencies and other commodities on the investment platform. The ETFSwap team has collaborated with MiCA-regulated investment banks so that the trading platform can offer securities and crypto trading services.
As such, ETFSwap (ETFS) will bridge the traditional finance (TradFi) and decentralized finance (DeFi) worlds. Investors will be able to swap their ETFs for cryptocurrencies and vice versa using the utility token. This will simplify portfolio diversification since investors can gain exposure to several asset classes on ETFSwap using the ETFS token.
The ETFSwap (ETFS) token also provides access to exclusive investment opportunities on the ETFSwap platform, including the platform’s ETF, which will launch next year. Users will also be able to trade perpetuals for these ETFs as ETFSwap offers derivative contracts that allow traders to bet on the future prices of these ETFs without expiration.
Meanwhile, ETFSwap (ETFS) holders can earn passive income by staking their ETFs and crypto assets. Those who stake the platform’s native ETFS token can earn up to 75% annual percentage yield on their staked assets. Holders can also provide liquidity to the token pools and earn some of the fees made from token swaps.
Users will have access to these liquidity pools once the ETFSwap (ETFS) beta platform goes live soon enough. They will be able to use the staking feature and can also buy their popular ETFs using the ETFS token when the beta platform launches. The ETFSwap (ETFS) team revealed that they had already launched the beta platform on the testnet and will go live once they make the necessary improvements to the platform.
Crypto Whales Are Selling Their ETH Holdings Amid Struggling Ethereum Price
Crypto whales are selling their ETH holdings as the Ethereum price continues to struggle. Onchain data shows that one of these crypto whales recently sold 11,456 ETH ($27.8 million). Another of these crypto whales has also sold 5,000 ETH ($12.14 million) in the last 24 hours. This wave of sell-offs will likely cause the Ethereum price to continue to decline.
The Ethereum price has also had to contend with the significant outflows that the Spot ETH ETFs have been recording. Selling pressure from these ETH ETFs will likely continue in the short term, considering that institutional investors haven’t warned up to Ethereum (ETH) as they have with Bitcoin (BTC).
Conclusion
ETFSwap (ETFS) is a better investment option than ETH, considering how the Ethereum price continues to struggle. Analysts say that ETFSwap (ETFS) can record up to a 30,000% price gain in this bull run, leading to the token outperforming the Ethereum price in this market cycle. As such, it is best to buy the ETFS token now, as early investors will enjoy a 300x ROI when the 30,000% price rally happens.
