Learn how ETFswap is revolutionizing DeFi: Ride the wave of the $3 billion Tether (USDT) surge and join the pre-sale success story.
Analytics platform Lookonchain recently reported massive whale activity where $3 billion worth of Tether (USDT) was minted. Cryptowhale investors are one of the backbones of the industry and it is important to track this activity as their activities can either positively impact market trends or cause a downtrend.
In this case, this is a positive development as we would expect this amount to flow into ETFswap ($ETFS). ETFswap ($ETFS) is a new trading platform that is making waves in the crypto industry with its continuous large-scale pre-sales.
Crypto Whales Mint $3 Billion Tether (USDT) to Kick Off 2nd Quarter
look on chain reported on April 5th the activity of a whale that minted $3 billion worth of Tether USDT on the Ethereum (ETH) and Tron (TRX) networks. They announced this on their X (formerly Twitter) page and analyzed how the tokens were shared across multiple exchanges.
Since April 1st, $2.55 billion worth of USDT has flowed into Binance, Kraken, Bitfinex, and Coinbase. USDT worth $1.08 billion was transferred to Bitfinex, $93.8 million to Coinbase, $824.1 million to Kraken, and $614.6 million worth of USDT to Binance exchange.
Lookonchain's report was greeted with a lot of optimism from the X crypto community, with many believing the market is gearing up for a big boost. But at the same time, some, like cryptography enthusiast Muhammad Azhar, used the medium to enhance transparency. Azhar believes that the huge influx of Tether (USDT) into centralized exchanges requires transparency and accountability from all involved.
But for now, the market remains in a sea of red as bears and bulls battle for supremacy in the crypto market. Therefore, it is still unclear whether the impact of this large crypto asset movement will be positive or negative on the market. However, some in the crypto community have taken notice of the fact that whales are preparing to buy one of the next big things in the crypto industry, such as ETF swaps ($ETFS).
ETFSwap ($ETFS) Attracts more investors with successful private sale
ETFswap ($ETFS) is a platform that introduces an innovative way for traders to interact with exchange-traded funds (ETFs) by fusing Trad-fi and decentralized finance through tokenization. By tokenizing ETFs, traders can enrich their portfolios with several asset classes such as commodities, stocks, and bonds. The platform also offers leveraged trading with up to 10x leverage, seamless swapping functionality, and staking rewards, creating avenues of passive income.
Additionally, ETFswap ($ETFS) features fractional ownership, a decentralized finance (DeFi) feature that helps traders grow their portfolios. At the heart of the project is the native token, $ETFS. This is a standard ERC-20 token that serves governance purposes and allows owners to have a say in decisions on the platform through voting. It is also used as a utility throughout the project.
ETFswap ($ETFS) continues to attract many investors who are impressed by the ecosystem and its long-term potential. The recently completed private sale of the native token was a huge success with three angel investors and two institutional investors participating with an investment of $750,000.
The end of the private sale will be followed by a Stage 1 presale, with tokens being offered at $0.00854 per coin. Stage 2 begins at a higher price of $0.01831, locking in profits for Stage 1 investors. Currently, over 5 million tokens have been sold, indicating a growing FOMO (fear of missing out) among investors.
Analysts also predict a possible 10,000% spike in price, with the token price reaching the $1 level. Investors who join a project at an early stage therefore have a lot to gain as they have the opportunity to significantly increase their investment yield. You can also take advantage of innovative His DeFi features and Smart His Contract features on the ETFswap ($ETFS) ecosystem.
For more information on the ETFS presale, please see below.
Buy ETFS Presale Tokens Now
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