Shiba Inu (SHIB) and Pepe (PEPE) whales have been found to initiate crypto-transactions involving massive amounts of tokens that could potentially impact the market.
Recently, whaling activity has been on the high side, with multiple crypto whales either acquiring large amounts of coins or moving them from anonymous wallet addresses to specific crypto exchanges. Given how volatile the market is, these transactions can have a huge impact on a cryptocurrency’s price.
While some whale transfers tend to indicate bearish sentiment, others indicate a more bullish outlook for a cryptocurrency. A good example of a potentially bullish token is ETFSwap ($ETFS)a futuristic cryptocurrency that numerous investors strategically bet a whopping $750,000 on.
Shiba Inu (SHIB) Whale acquires nearly 700 billion tokens
In a recent X (formerly Twitter) post, blockchain tracker and analytics platform Whale Alert, reveal a substantial transfer made by a Shiba Inu (SHIB) whale. According to the crypto tracker, an anonymous whale bought approximately 692,400,000,000 Shiba Inu (SHIB) tokens from Crypto.com, a popular crypto exchange.
The purchase of 692.4 billion Shiba Inu (SHIB) was worth about $19.2 million and was initiated on Monday, April 8. Whale Alert revealed that the tokens were moved to an unknown crypto wallet address, leaving uncertainty about the future of these coins.
Usually, when a significant amount of cryptocurrency is moved from an exchange to a wallet address, it often indicates that the investor intends to safely store the coins or HODL the tokens for a long period of time.
Currently, Shiba Inu (SHIB) is experiencing a slight price correction, down 0.49% in the last 24 hours, as whale movements during this time could cause a potential bearish trend for the cryptocurrency. However, the fact that the anonymous whale did not initiate a selloff could suggest that Shiba Inu ( SHIB ) may be gearing up for a rally soon.
Regardless of the outcome, the market is still watching closely to determine how much these Shiba Inu (SHIB) deals could potentially affect the current market.
Pepe (PEPE) Price tanks as whale moves 2.63 trillion tokens
The price of Pepe (PEPE) has been on a steady downward trend for the past month. Earlier in March, Whale Alert revealed that an anonymous crypto whale performed a massive Pepe (PEPE) transfer from KuCoin, a popular crypto exchange.
The on-chain tracker revealed that approximately 2,635,658,884,119 Pepe (PEPE) tokens were moved to an unidentified wallet address. At the time, the 2.6 trillion tokens were valued at more than $21 million.
In addition, after the transfer, the price of Pepe (PEPE) dropped significantly, falling to around $0.000074. Currently, Pepe (PEPE) is trading at $0.00000699, reflecting a 22.66% decline over the past month, according to CoinMarketCap.
ETFSwap ($ETFS) Investor stake $750,000 on token’s future trajectory
ETFSwap ($ETFS) offers both novice and experienced crypto investors the chance to generate potentially significant returns by purchasing and trading Spot Bitcoin ETFs. Due to the cryptocurrency’s immense future potential and value driven by real use cases, many investors are quickly buying this token and placing big bets on its value in the next few years.
A total of $750,000 has already been raised in its private round of fundraising, highlighting the support and interest investors have shown in this cryptocurrency.
As a unique token, ETFSwap ($ETFS) will provide investors in different regions around the world with more secure, transparent and reliable access to Spot Bitcoin ETFs and other tokenized ETFs across a wide range of industries, delivering advanced trading features and services to users.
This platform has already undergone a rigorous audit process by CyberScope, a leading cyber security and blockchain audit firm. The result of the audit revealed that there are no flaws in ETFSwap’s ($ETFS) underlying infrastructure and its technological features.
Leveraging the power and capabilities of blockchain technology, ETFSwap ($ETFS) seamlessly combines traditional finance with Decentralized Finance (DeFi), allowing users to benefit from the best part of these evolving ecosystems.
Users also have the chance to stake their tokens to earn passive income. Additionally, major token holders will have management rights, allowing them to be actively and directly involved in the operations and future development of the cryptocurrency.
With its pre-sale already underway, ETFSwap ($ETFS) effectively captured key players in the crypto industry, selling over 14.5 million tokens in just the first phase of its presale. Currently priced at $0.00854, the value of the token is poised to increase to $0.01831 by the second presale stage.
Be one of the investors ready to make significant profits through strategic investments with ETFSwap ($ETFS). The pre-sale phase ends in 26 days, so take the chance to invest in these tokens today.
For more information on the $ETFS Presale:
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the site may be scams ie designed to induce you to invest financial resources that may be lost forever and not recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
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