Ethereum Price Primed For A Rally As Whales Spend $1.6 Billion On ETH

The Ethereum price is primed to witness a massive move to the upside, with Whales spending $1.6 billion to buy ETH. IntoTheBlock data shows that these Whales witnessed a net inflow of 598,000 ETH over seven days.

Whales have spent a combined total of $1.6 billion on Ethereum (ETH) over the past seven days, priming the second-largest cryptocurrency for a major move to the upside.

IntoTheBlock data shows that these🐋 Whales witnessed a net inflow of 598,000 ETH over seven days, as these large investors began accumulating the coin following its drop from a local high.

These Whales’ ETH purchase is bullish for the cryptocurrency’s price as it indicates that these investors are still optimistic about ETH despite its recent performance. As these Whales continue to accumulate more ETH, the cryptocurrency’s price will likely continue to enjoy a major uptrend. Moreover, ETH is well overdue for a massive rally, considering that it has largely underperformed compared to other top coins like Bitcoin (BTC) and Solana (SOL).

ETFS set for a major price explosion

Like Ethereum, ETFSwap (ETFS) is also set for a major price explosion, with Whales actively accumulating the altcoin in its ongoing presale. These investors have already snapped up over 73 million coins in the crypto presale and will likely clear up the remaining presale allocation soon enough.

These Whales are bullish on ETFSwap because of the incredible offerings in its ecosystem, which they say reminds them of when Ethereum just launched. The ETFSwap decentralized investment platform offers tokenized exchange-traded funds (ETFs), which users can invest in using the ETFS altcoin.

Investors simply need to convert the ETFSwap (ETFS) to their desired ETF. Analysts say this is a game-changer, considering how it would shake up the decentralized finance (DeFi) landscape, with investors being able to trade these traditional assets on the blockchain. Based on this, they predict that the ETFS altcoin will enjoy massive demand and rally 10,000% from its current price of $0.03846.

ETFSwap’s offerings also extend to crypto assets and other commodities like gold and silver. The ETFSwap team has collaborated with MiCA-regulated investment banks to offer securities and crypto trading. Investors will now be able to easily diversify their portfolios using the ETFS altcoin, which bridges these tokenized ETFs and crypto assets.

The ease at which investors can trade these assets on ETFSwap is what will make it stand out and become the go-to trading platform for trading ETFs. The platform’s Know-Your-Customer (KYC) requirements are non-mandatory, so investors can start investing quickly.

These investors will also enjoy 24/7 market coverage, as they can buy, sell, and trade their ETFs anytime. This will surely entice many traditional finance (TradFi) investors who have so far been limited to the traditional trading hours in the stock exchange. Thanks to ETFSwap’s market-making services, these investors will enjoy ample liquidity while trading. Therefore, they can rest assured of instant trade settlements with minimal slippage.

It is worth mentioning that the ETFSwap platform is built on the Ethereum network, so users will also have access to the network’s unparalleled liquidity. ETFSwap’s beta platform has already launched on the Ethereum testnet and should go live on the mainnet anytime soon. Once that happens, investors will be able to buy their desired ETF with the ETFS altcoin.

Conclusion

Investors in ETFSwap’s ongoing presale will enjoy a 100x return when the altcoin rallies alongside ETH. Those who have yet to invest in ETFSwap have one more chance to do so, as the bonus round is currently ongoing. Hurry and buy some of the remaining tokens before these Whales scoop up the ones left.

For more information on ETFSwap and its presale:

Visit ETFSwap Presale

Join The ETFSwap Community

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.