Whale Cashes Out $2.85 Million After Shiba Inu Price Surge, Will SHIB Crash From Here?

A whale cashed out $2.85 million after the Shiba Inu price surge, leading to concerns that this could lead to a SHIB crash while ETFSwap (ETFS) is also in focus.

The crypto community’s attention has been drawn to a Whale who recently cashed out a significant profit from their SHIB holdings following the Shiba Inu price surge. This development is concerning, considering how much selling pressure could impact the Shiba Inu price and lead to a SHIB crash. Meanwhile, the ETFSwap (ETFS) ecosystem is also in focus.

Shiba Inu Price At Risk As Whale Sells $2.85 Million SHIB 

The Shiba Inu price is at risk as a Whale recently sold $2.85 million worth of SHIB. On-chain analytics platform Lookonchain revealed in an X post that Whale sold 100 billion SHIB. The platform revealed that the Whale still holds 2.5 trillion SHIB, which could impact the Shiba Inu price if they offload these SHIB tokens.

The Shiba Inu price is flying high at the moment, up over 26% in the last seven days. However, this Whale could derail the Shiba Inu price momentum if it decides to offload its remaining SHIB coins at once. For now, this 100 billion SHIB that the Whale sold is unlikely to impact the Shiba Inu price.

An Overview Of The ETFSwap (ETFS) Ecosystem

The ETFSwap (ETFS) ecosystem is revolutionizing exchange-traded fund (ETF) trading by tokenizing ETFs and enabling them to be traded on-chain. Investors will be able to access these funds by simply using the platform’s native token, ETFS, which they will swap for their desired asset.

The ETFSwap (ETFS) team has collaborated with MiCA-regulated investment banks to offer securities and crypto trading. This makes portfolio diversification much easier since investors can now access these assets in one place using the ETFS token. The decentralized finance (DeFi) platform’s features also make investing in these assets easier and straightforward.

For instance, ETFSwap’s (ETFS) Know-Your-Customer (KYC) requirements are non-mandatory, enabling investors to start investing quickly. The platform’s decentralized nature means that investors can now invest in these assets from anywhere in the world. Meanwhile, ETFSwap offers 24/7 market coverage, allowing investors to buy, sell, and trade these ETFs anytime.

This development allows investors to benefit from the market gains these assets record after the traditional trading hours. Traders will also enjoy ample liquidity when trading these illiquid assets thanks to ETFSwap’s market-making services. This will enable traders to settle their trades instantly and with minimal slippage. Investors and traders will also have access to Ethereum’s unparalleled liquidity since the platform is built on the network.

Meanwhile, investors and traders will be able to trade anonymously as zero-knowledge (ZK) proof technology will be integrated into the DeFi platform. This technology will enable the platform to confirm each user’s personhood without needing them to reveal their identity or any sensitive information.

The ETFSwap (ETFS) platform boasts artificial intelligence (AI) powered trading tools that will assist traders in executing more successful trades. These AI tools analyze market data, such as historical trends, trading volume, and market sentiment, among others, and recommend the best ETFs to trade.

ETFSwap (ETFS) users can trade ETF perpetuals, with the platform offering derivative contracts that enable traders to bet on the future prices of these assets without expiration. Traders can short or long these ETFs to hedge against their investments in the underlying asset.

The platform’s staking feature also provides a means for investors to make passive income. Investors can stake their tokenized ETFs and crypto assets and earn up to 87% annual percentage yield (APY).

Conclusion

The ETFSwap (ETFS) token is central to all offerings on the ETFSwap platform, as investors will need the token to access them. This paints a bullish outlook for the ETFSwap (ETFS) token and could set it up for massive success. Investors looking to position themselves for this potential success can buy the token in its ongoing presale bonus round at an affordable price of $0.05769.

For More Information On ETFSwap and its presale:

Visit ETFSwap Presale
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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