Ripple Investors Send Millions Of Tokens To Exchanges, Here’s What It Means For XRP Price

Ripple investors are selling off large chunks of their holdings to exchanges, pushing the amount of Ripple (XRP) tokens in exchange reserves to new heights.

The fear of further price crashes has pushed other Ripple investors towards ETFSwap (ETFS), a presale ERC-20 token. 

ETFSwap (ETFS) Presale Attracts Ripple Investors Amid Ripple’s (XRP) Price Woes

ETFSwap (ETFS) is a tokenization platform for exchange-traded funds (ETFs). The platform also provides a decentralized marketplace for investors and traders to access the highly liquid hybrid institutional assets. These ETFs are backed by various real-world assets and commodities, including stocks, equities, securities, and commodities.

ETFSwap’s ongoing presale for its native token has seen considerable success as Ripple investors buy the token in several $10,000 tranches. In many ways, the token’s attraction for investors has been its utility within its platform’s trading and governance system. This successful formula puts ETFSwap (ETFS) in the sweet spot of profit potential and longevity, which compelled several top analysts to predict a massive 40,000% rally for the token soon after launch.

The most prominent among the many use cases of ETFSwap (ETFS) is its role as the primary means of exchange on the ETFSwap ETF trading platform. As such, the token provides a cost-effective means for investors and traders to access ETF trading. Holding ETFSwap (ETFS) tokens earns them huge discounts on trading fees. They also receive monthly airdrops from the project’s dedicated rewards pool. 

ETFSwap (ETFS) also rewards investors who stake their tokens in ETFSwap’s (ETFS) staking protocol providing liquidity to the token and driving its volatility and value. Stakers earn passive income with an 87% APR yield potential for as long as their tokens stay locked.

Buying ETFSwap (ETFS) tokens further exposes investors and traders to several perks, including updates on exclusive investment opportunities and first access to new ETF listings. Additionally, ETFSwap (ETFS) holders are entrusted with voting rights within the platform’s governance system so they can decide the platform’s future in alignment with their investment goals.

Thus far in its presale, ETFSwap (ETFS) has generated over $5 million in revenue. Its ongoing third and final presale stage has crossed $1.61 million and is on track to make $3 million more before it wraps up in a few days.

Ripple (XRP) Exchange Reserves Increase Sparks Bearish Fears Among Ripple Investors

Ripple investors are sending more of their tokens to exchanges, increasing Ripple’s (XRP) exchange reserves and sparking fears of a potential price crash. The most recent data from on-chain analytic firm CryptoQuant revealed that 11.5 billion Ripple (XRP) tokens are currently in reserves across 11 major exchanges. That figure is 20.39% of Ripple’s (XRP) circulating supply. The figure doesn’t seem very alarming until it is compared with its standing at the start of the year when it was just 1.72%. 

Increasing exchange reserves of any token indicate higher selling pressure and signal bearish market sentiment. This corresponds to the token’s long/short ratio which currently stands at 0.955, indicating bearish sentiment. Meanwhile, Ripple (XRP) has been trading sideways for most of September, between the $0.569 and $0.600 price levels. At the time of writing, the altcoin was trading at $0.588, according to CoinMarketCap data.

Conclusion

These developments have made Ripple investors skeptical about Ripple’s (XRP) future as the altcoin has failed to make a decisive move in one direction despite the broader crypto market recovery. As a result, ETFSwap (ETFS) has seen a record influx of Ripple investors seeking to recoup their losses with its promising token.

To join these Ripple investors and position for massive gains in a few weeks, interested investors can buy ETFSwap (ETFS) at the super-discounted price of $0.03846 before its final presale phase rounds up. They can use the promo code “ETFS50” to earn a 50% discount and amass more tokens for maximum profits.

For more information about the ETFS 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.