Today’s trading session witnessed a meteoric rise of Bitcoin (BTC) from its lows of less than $60,000 as it rallied massively in price and hit a daily high of $65,513. Amid the volatility of the intraday BTC market, a dormant Bitcoin whale wallet dating back a decade suddenly became active and transferred a whopping $44 million in BTC to two unknown wallets.
While crypto analysts continue to speculate on the market impact that a total sell-off by the whale would bring, ETFSwap (ETFS), a utility-based token, is seen to have surged in trading volume in particular, reflecting a partial rotation of funds through the BTC proposal. whale in the ETFS token.
For context, ETFSwap (ETFS) is a decentralized platform leading the tokenization wave and ETF economy. The ETFSwap native token, ETFS, is currently seeing its crypto ICO go viral.
BTC Price Reaches Key Territory As Dormant Bitcoin Whale Reawakens
Bitcoin (BTC) price struggled to sustain its bullish move after a rally that saw it breach $65,000 earlier today. Its failed bullish continuation can be attributed to a recent transaction that caused a lot of speculation among crypto analysts in the industry.
According to Lookonchain data reports, a dormant Bitcoin whale wallet recently transferred a staggering 687.33 BTC to two unknown wallets. The deals were worth a whopping total of $43.94 million.
One of the transactions to the first unknown wallet accounted for a transfer of 625.42 BTC, worth $41 million, while the second unknown wallet received 61.9 BTC, equivalent to about $4 million.
The whale wallet that started these massive transfers has been dormant for over 10 years, over a decade. After a series of on-chain tracing by some crypto-analysts, it was discovered that the whale wallet under investigation received these large amounts of Bitcoin (BTC) on January 12, 2014, when the cryptocurrency was trading at $917 per coin. At this price, the Whale’s Bitcoin (BTC) reserve was then worth $630,000. Reflecting this with today’s BTC price at $65,000, the whale is at a 6.875% ROI.
Bitcoin (BTC) price has now reached an important area of interest as crypto analysts and investors pay close attention to the whale wallet footprints, considering the impact a massive sell-off by the Whale will have on BTC price as well as the general cryptocurrency can have markets.
The active re-emergence of the dormant whale wallet and its recent transfers to two separate unknown wallets raises concerns about a potential sale. There is a likelihood that the Bitcoin whale made this move to secure profits and turn them back into other utility altcoin projects such as ETFSwap (ETFS).
ETFSwap (ETFS) Crypto ICO Goes Viral
ETFSwap (ETFS) has broken a historic trading volume record as liquidity flows into its ecosystem en masse. This milestone is significant for ETFSwap (ETFS) as investors flock in numbers and secure top positions in their ETFS token investment.
An ETFSwap (ETFS) investment frenzy is seen occurring among retail, whales and smart investors in anticipation of the BTC whale spinning a significant portion of the $44 million in ETFS.
Apart from its recent fame and popularity, the bullishness in the project has to do with the fact that ETFSwap (ETFS) is a decentralized platform that currently offers the most secure and scalable ecosystem for smart investors and adopters to trade various cryptocurrencies and Exchange-Traded Funds (ETF). The platform offers users and investors a life-changing opportunity to trade tokenized Real World Assets (RWA) on its platform while enjoying instant settlements and liquidity funds 24/7.
Phase 1 of ETFSwap (ETFS) is underway, with whales and smart investors piling up ETFS tokens at $0.00854. Phase 2 of the ETFSwap token presale is programmed to trade at $0.01831, a 100% ROI from phase 1’s price.
Take advantage of this opportunity as this crypto ICO is touted as the biggest crypto ICO since Ethereum (ETH).
For more information on the ETFS Presale:
Visit ETFSwap Presale
Join the ETFSwap community
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