Top Profitable Solana Trader Sells Off $24 Million In BONK For ETFSwap (ETFS)

After several attempts to break out, BONK remains bearish, making it impossible to reach $1 anytime soon, as many wanted. A top profitable Solana trader who owns $24 million worth of BONK is set to sell it off in a bid to go in the ETFSwap (ETFS) token set to rise by 500x.

ETFSwap (ETFS) Become The Next Major Meme Coin Alternative

The profitable Solana trader isn’t the first to sell off their memecoin holdings. Many big holders have been selling off their meme coins to infuse in a more stable and profitable alternative. The Solana trader joins the list of holders switching to ETFSwap (ETFS) as it draws closer to its highly anticipated launch on major crypto exchanges. According to market experts, ETFSwap (ETFS) is one of the few cryptocurrencies set to rise by 500% in the coming months. ETFSwap (ETFS) has already been on “strong buy mode”, indicating a huge market demand for the token.

As of press time, the ETFSwap (ETFS) token, currently in its second presale stage, has raised close to $3 million as retail and institutions continue to make it their top option. The demand for the ETFSwap (ETFS) token is due to its bullish potential linked to the ETFSwap (ETFS) trading platform. The token is the native token of the ETFSwap (ETFS) DeFi platform. The Defi platform is built to enable real-world ETF trading on the blockchain. This is not crypto ETF trading. Instead, it’s a new solution that allows users to trade traditional ETF products in sectors such as technology, health, agriculture, finance, etc, on the blockchain instead of via fiat currency.

Being a new and highly promising platform with direct access to the ETF market, many are trooping to the ETFSwap (ETFS) platform. About 15,000 users have already been registered and will get a chance to test its beta platform when it launches soon. Users troop to the platform and get the native token, ETFS, in large chunks. As the platform’s launch draws close, the buzz around its native token increases. And this is set to drive the launch price of the token further.

Moreover, the token’s utility boosts its value by adding to the existing buzz and connection of the ETFSwap (ETFS) platform to the ETF market. For example, the adherents who get the ETFSwap (ETFS) token can stake it in the staking pool to get up to 36% profit and up to 87% in APR yield. The token also gives exclusive access to AI-powered trading tools, the latest ETF listings, voting rights, and airdrop rewards. All these are why the ETFS token is expected to soar by over 500% on launch. To ensure secured holdings, the ETFSwap (ETFS) team has published the KYC verification of the team done by SolidProof, a third-party renowned smart contract auditing company. 

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Why Major Holders Are Selling Off BONK

Enthusiasts have given BONK, the dog-themed meme coin on the Solana (SOL) blockchain, enough time to recover. However, like many meme coins, BONK struggles to overturn its bearish run. BONK trades around $0.00001872 with a 41.55 14-day RSI. This price level has declined since hitting $0.000020 some months ago. With its current bearish sentiment, the Fear & Greed Index showing 39 (fear) and 9/30 green days, BONK is in a volatile state.

In addition to the performance analysis, traders like the Solana trader have seen reduced hype around BONK. With new meme coins popping on the Solana (SOL) network and other blockchains, BONK may struggle to recover. It’s little wonder that the top Solana is selling a huge amount of BONK.

Conclusion

The top profitable Solana trader isn’t blindly selling BONK. Market analysis shows Bonk (BONK) is bearish while ETFSwap (ETFS) is on the brink of an explosive rise. 

Many are following in the footsteps of this profitable Solana (SOL) trader. You can, too. Get ETFSwap (ETFS) today at $0.01831 per token to position for huge returns.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

_{Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.}