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The massive sell-off of Ethereum whales is disrupting the crypto market with proceeds going to ETFSwap, sparking curiosity and speculation.
The crypto industry is in turmoil after a popular anonymous Ethereum (ETH) whale reportedly sold $38 million worth of ETH. This is not good for the Ethereum community, as this law signals a continued downward trend.
However, within the entire scenario, the anonymous whale invests the proceeds in the trending crypto platform ETFSwap (ETFS). This move has piqued the curiosity of several crypto enthusiasts and investors, asking, “Why ETFSwap?”
Ethereum loses its appeal as price war continues
In a recent X post by Lookonchain, an anonymous Ethereum whale sold approximately 11,892 ETH (equivalent to $38 million).
The drop has garnered a lot of attention from the crypto community, and the Ethereum community is in turmoil amid speculation about its future. Ethereum fell by 4.7% in the past 24 hours, selling for $3,173.05. This reflects a 35% decline in value compared to the all-time high of $4,878.26 in November 2021.
Before the big selloff, investors had been determined to push prices higher, hoping the momentum would turn the market bullish. However, recent events have changed the scope of things, as market activity suggests that other retail investors and some whale investors could exit if the bearish period continues.
Ethereum's continued price decline has been a hot topic in the crypto community, prompting investors to look for viable and sustainable alternatives. Therefore, they may also go in the direction of influence whales and invest their proceeds in the buzzy project ETFSwap.
ETFSwap: Sustainable investing for retail investors and whales
ETFSwap is an emerging decentralized finance platform built on the Ethereum network. The defi has been flooded with investors in recent weeks due to its promised benefits and predicted success. One such investor is the trending Ethereum whale.
With the goal of bridging the gap between traditional financial institutions and defi, ETFSwap allows users and investors to own, trade, and invest in a wide variety of tokenized exchange-traded funds while leveraging the benefits and innovations of defi. I'll make it. You will also have the opportunity to exchange tokenized ETFs for cryptocurrencies and vice versa.
ETFSwap has shown itself to be at the forefront of transforming the DeFi sector by enabling trading of a wide variety of ETFs. Users and investors can broaden their horizons while diversifying their portfolio by choosing from a variety of sectors, not just traditional ones. They can explore the real estate, commodities, energy, healthcare, cryptocurrency, or technology sectors to spread risk and potentially maximize profits.
The main advantage of ETFSwap over other defi is that no KYC verification is required. Users and investors can participate in trading activities without fear of personal information leakage or interference by banks or intermediaries. This is good news for small and medium-sized investors.
ETFSwap is also a safe platform to trade on as CyberScope, a leading blockchain company, has certified it as a safe and trusted platform after auditing its smart contracts. Similarly, ETFSwap optimizes the potential of blockchain technology to provide transparent trading, decentralized governance, and efficient trading services, so users and investors are guaranteed smooth and reliable trading. Masu.
ETFSwap Network believes that the community is an integral part of the project. As a result, 4% of ETFSwap tokens were allocated to the community as a reward for participating in staking activities.
Currently, ETFSwap is in Stage 1 pre-sale phase, selling for $0.00854. The momentum surrounding this project is huge as over 40 million tokens have already been purchased. Stage 2 pre-sale will start soon and will sell for $0.01831. This represents a glorious 100% return for Stage 1 investors.
To learn more, visit the ETFSwap presale and join the ETFSwap community.
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