Shiba Inu Whales Move 1.75 Trillion SHIB Worth $39.2 Million Into This New Ethereum Token

Whale Alert on May 2, 2024, recorded an unusual movement of over 1.75 trillion SHIB tokens worth $39.2 million as Shiba Inu (SHIB) whales could be eyeing a potential switch of its investment boat to an Ethereum token – ETFSwap (ETFS).

The movement of such a large volume of Shiba Inu (SHIB) tokens has sparked mixed reactions in the crypto community as investors speculate that this large movement could be a means to buy big into the most trending token in the Ethereum network.

Before the transfer of 1.75 trillion tokens, these Shiba Inu (SHIB) whales moved over 3 trillion SHIB. On-chain data further showed that these Shiba Inu (SHIB) whales possess over 246 different crypto assets, as Shiba Inu (SHIB) is their highest holding, worth over 5 trillion SHIB.

With such a huge transfer happening now during such market uncertainty and the urge to 10X their returns with newer assets and unique use cases, it is not a surprise for investors to believe Shiba Inu whales could be buying into ETFSwap (ETFS).

Shiba Inu (SHIB) Sees 5% Price Jump

Prior to the movement of over 1.75 trillion SHIB tokens, the price of Shiba Inu (SHIB) has faced much price uncertainty in the past few weeks as many investors are beginning to be doubtful of the price of Shiba Inu (SHIB) performing well as in past market cycles as the price has yet to show much steam.

The early hours of May 4, 2024, saw the price of Shiba Inu (SHIB) jump, producing over 5% gain in the last 24 hours as the price of Shiba Inu (SHIB) moved from a region of $0.00002001 to a high of $0.0000255. However, the price of Shiba Inu (SHIB) still falls short of its yearly high of $0.00004556.

Despite being a favourite meme coin for many investors in the past, there has been high speculation of Shiba Inu whales jumping the boat to better and high-profit investment opportunities like ETFSwap (ETFS), winning the hearts of many crypto OGs.

ETFSwap (ETFS) – The SHIB Killer

In spite of a dreadful close of the monthly chart for many cryptocurrencies in the market, the price of ETFSwap (ETFS) has remained bullish. The project continues to gain popularity among investors and is winning the hearts of many crypto whales looking to 10X their profit potential.

ETFSwap (ETFS) is a decentralized blockchain platform focused on helping users easily trade tokenized exchange-traded funds (ETFs) without the interference of third parties or exorbitant transaction fees associated with traditional financial systems.

While many investors are on the lookout for high-potential crypto assets and projects, ETFSwap (ETFS) has remained a top trending topic in the lips of many whales and investors as ETFSwap (ETFS) meets the intersection of decentralized finance (DeFi) and traditional finance system. This is because exchange-traded funds (ETF) and real-world assets (RWA) are gaining much attention from big players such as BlackRock, Fidelity, and other top companies.

ETFSwap (ETFS) emerges just in time to enable trading of over 2,000 different ETF options for investors seeking to diversify their portfolio and make good investment returns. In a bid to prove that the security and transparency of its users are treated with topmost priority, ETFSwap (ETFS) entered a strategic partnership with Cyberscope, a leading crypto auditing firm, to ensure its smart contracts are free of vulnerability and meet industry standards.

Stage 1 of the ETFSwap (ETFS) presale is currently ongoing, with over 50 million ETFS tokens sold out within weeks, generating over $350,000. Stage 2 of the ETFSwap (ETFS) presale is expected to double the price, and the tokens will be sold at $0.01831.

To leverage this opportunity, whales and investors are growing in numbers, trying to buy off this great token with incredible use cases, as it would be a life-changing opportunity to bag some ETFSwap (ETFS) at its current low price.

For more information about the ETFS Presale:

The post Shiba Inu Whales Move 1.75 Trillion SHIB Worth $39.2 Million Into This New Ethereum Token appeared first on Blockonomi.

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