Crypto whale spends $100 million buying Ethereum and this ICO

Crypto whales are backing Ethereum and ETFSwap in its ICO, sparking widespread interest and a rush to buy ETFSwap .

Crypto whales have become known for spotting and buying tokens that have the potential to outperform the market at any given time. That is why this whale’s decision to buy Ethereum (ETH) and ETFSwap (ETFS) in its ongoing crypto ICO has caught the community’s attention, with many others now looking to buy ETFS like this whale. 

Crypto whale spends $100 million on Ethereum

The on-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that a particular crypto whale has spent almost $100 million in accumulating Ethereum since May 24. The crypto whale’s most recent transaction came on August 9, as they bought 1,800 Ethereum tokens. 

This crypto whale’s Ethereum investment is already yielding rewards with an unrealized profit of $7.5 million, as they acquired these Ethereum tokens at an average price of $2,420. Ethereum had dropped to as low as $2,200 following the crash on August 5. However, that didn’t deter investors like this crypto whale, who saw it as an opportunity to buy more Ethereum tokens at a discount. 

Since then, Ethereum has recovered and is currently trading at around $2,600, according to data from CoinMarketCap. Analysts predict that Ethereum (ETH) could rise to as high as $8,000 in this bull run, meaning that this crypto whale’s unrealized profit could still grow immensely. 

This crypto whale is also buying ETFSwap

This crypto whale is also buying ETFSwap (ETFS) in its ongoing ICO. Currently selling at a discounted price of $0.01831, analysts predict that the ETFS token will provide participants in its crypto ICO with up to a 500x return on their investment as its price rises to as high as $10.

Crypto whales currently buying ETFSwap (ETFS) have drawn similarities between its ecosystem and Ethereum’s, which also had its ICO. Like Ethereum, the ETFSwap ecosystem is also reshaping the decentralized finance landscape by tokenizing exchange-traded funds (ETFs) and enabling them to be traded on-chain. 

Using the ETFS token, investors can now invest in traditional and crypto assets in one place. In addition to ETFs and assets, investors can convert their ETFS tokens to several commodities on the ETFSwap platform. 

With the aid of blockchain technology, ETFSwap (ETFS) is changing how investors invest in and trade all asset classes, especially ETFs. The platform’s decentralized nature means that investors can now access these assets from anywhere in the world without the limitations of traditional financial systems. 

The DeFi platform boasts features that help investors make more gains on their ETF investments. For instance, users can open long or short positions on any ETF listed on the platform, with ETFSwap (ETFS) offering up to 50x leverage on each trade. The trading platform also offers perpetual futures for these ETFs, with users being able to hold derivative contracts that allow them to bet on the future price of these assets without expiration. 

Buying the ETFSwap (ETFS) token in its ongoing ICO provides additional benefits. Participants will enjoy early access once the beta platform launches soon enough and when ETFSwap launches its ETF. Token holders will enjoy lower fees in their daily trading activities and can invest at a reduced cost. 

The ETFSwap team’s commitment to the project’s long-term success is another reason investors have been so confident about investing in the ongoing crypto ICO. The team was recently verified and certified by Solidproof, further highlighting their expertise and wealth of experience in the space. 

Conclusion

ETFSwap’s (ETFS) crypto ICO is set to be the biggest ever, with how much investors will make when the token hits its peak in this bull run. Buying the token now like these crypto whales is the key to enjoying maximum gains, as those who FOMO later can’t enjoy the same gains as those who bought ETFSwap (ETFS) at its current price of $0.01831.

For more information, visit the ETFSwap presale website or join the online community.