Cardano, Shiba Inu Whales Awake From Slumber With Massive Transaction Volumes
Cardano (ADA) and Shiba Inu whales are on the move, as the coins are witnessing a notable rise in large holder inflows, a metric that tracks significant investments from whales. Interestingly, they are not alone. ETFSwap (ETFS), a new ICO token, is also experiencing large whale transaction volume, as evident in its presale performance, which has sold over 350 million tokens just a few weeks into its presale.
Cardano (ADA) And Shiba Inu Whales See Large Transaction Volumes
According to data from IntoTheBlock, Cardano’s ADA is experiencing a 1,218% surge in large holder inflows. This inflow is due to increased funds entering whales’ addresses, from 14.51 million ADA on July 8 to 110.7 million ADA on July 9. This rise comes after Cardano’s ADA saw flattened inflows for several days, beginning on July 5.
Historically, large holders’ inflows mostly indicate considerable buying activity. Whereas, a significant increase in large holders’ inflows can also indicate price bottoms since these addresses prefer to buy in bulk after significant drops. Given the current market situation, both scenarios might be likely for Cardano’s ADA. The Cardano (ADA) price shows signs of stability, up 3.4% in the last 24 hours to $0.3819.
Meanwhile, Shiba Inu (SHIB) struggles to climb above its crucial $0.00002 support level. This stagnation is mainly due to its strong correlation with Bitcoin (BTC), the leading cryptocurrency currently experiencing turbulence from the German government’s sale of its BTC holdings. Despite the price struggles, a positive sign emerged for SHIB.
Blockchain data provider Santiment identified a significant decrease of 5.53 trillion Shiba Inu tokens in exchange reserves, suggesting that investors are moving their holdings off exchanges, potentially into self-custodial wallets. Consequently, Shiba Inu whales using off-exchange wallets have collectively stockpiled 6.57 trillion Shiba Inu tokens over the past month.
This confidence from significant investors has instilled some optimism regarding Shiba Inu’s future price trajectory. Market analysts have even included Shiba Inu in the top 10 list of promising cryptocurrencies in anticipation of the upcoming launch of the Ethereum Spot ETF.
ETFSwap (ETFS) Presale Attracts Whales With Diverse Offerings
ETFSwap (ETFS), a DeFi token experiencing a surge in presale volume, attracts major whales, including Cardano and Shiba Inu, with its user-friendly trading platform and diverse offerings. Its presale has reportedly raised over 3 million, selling over 350 million tokens just mere weeks after it started. ETFSwap (ETFS) is an unconventional cryptocurrency platform that bridges the world of decentralized and traditional finance.
With this project, investors can make money simultaneously from both markets by becoming acquainted with tokenized ETF trading. These tokenized ETFs are backed by real-world commodities, such as commodity and spot ETFs and many more, to offer investors a wide range of tradable options while hedging against inflation.
This is possible because ETFSwap (ETFS) partners with MiCa-compliant banks that deal with crypto trading and securities. Apart from leveraged trading, the platform offers a safe and easy-to-navigate platform. For one, it provides smart retail traders and whales with advanced AI-powered trading tools and strategies to scale profitability.
For example, the AI-powered ETF Screener and ETF Tracker tools use advanced algorithms to recommend the best tokenized ETF investments to investors while monitoring and gauging the profitability potential of ETF assets. To reassure investors of the total safety of their assets from bugs, scam attacks, and hackers, ETFSwap (ETFS) has undergone a complete KYC verification by Solidproof, a reputable audit firm.
Some experts view the ETFSwap (ETFS) as a promising investment due to its potential for growth despite current market conditions. The ETFS token is available for purchase at $0.01831 during the presale. Analysts project the coin to surge significantly and reach the $1 mark upon launch on their exchange platforms.
Conclusion
ETFSwap (ETFS)has proven how formidable it is to the entire financial market by offering a unique solution to traders and the crypto market at large. While its presale continues to leap in sales, it has sparked an interest in crypto whales, including Cardano (ADA) and Shiba Inu (SHIB), which are investing heavily in it. Hurry and buy the ETFS token at a discounted price using the code “ETFS20” before the tokens are snatched up completely by these whales.
For more information about the ETFS Presale:
