‘Buy the dip’ is a common saying in the crypto industry. It refers to the time when investors take the opportunity to stash a token after a slight drop in price to make significant gains when it surges back. Recently, the price of BTC wobbled below $57,000, and Bitcoin whales used this opportunity to increase their stash of the coin and ETF-based token ETFSwap (ETFS).
Bitcoin Whales Bagged $2.8 Billion Worth Of BTC In A Day
On May 3, CryptoQuant CEO Ki Young Ju reported the activity of some Bitcoin whales who, in just 24 hours, purchased 47,000 BTC worth $2.8 billion on his X (formerly Twitter) page. The massive accumulation came when Bitcoin (BTC) slumped to the $56,000 mark, and Young termed it a new era for the flagship asset. The CEO also added that the wallets involved were custodial and linked to ETFs but noted that the uptick in purchases was not ETF-related.
One of the Bitcoin whales, known as Mr. 100, purchased 4,100 BTC worth over $242 million on May 2 when the token was priced at $58,000. That was the wallet’s first purchase of Bitcoin (BTC) since April 19. This increased whale interest in Bitcoin (BTC) undoubtedly indicates a boost in confidence among institutional investors in the token and the crypto industry.
Further, the buying spree had a positive effect on the coin, making it experience an over 6% increase in price, currently trading above $62,014, according to data from asset tracking platform Coinmarketcap. In addition, the industry experienced increased interest in ETF-based tokens like ETFswap (ETFS) as its presale event continues to attract whale investors.
ETFSwap Records Sale Of Over 50 Million Tokens In LandMark Presale
ETFswap (ETFS) is a blockchain platform that aims to make exchange-traded funds accessible on-chain through the tokenization of assets. The tokenized ETFs will create an avenue for crypto traders to interact with ETFs in a way never seen before, as it will directly represent the traditional ETFs on the blockchain. This will allow traders to invest in numerous assets across several industries on a single interface, and they will be able to monitor the progress of these assets before making any investment decisions.
Further, the ETFswap (ETFS) ecosystem will feature leverage trading fractional ownership and enable a seamless swapping of assets. Also, users who hold its native token can earn passive income on its staking feature, which boasts of a competitive annual percentage rate (APR).
However, to gain access to trade the tokenized ETFs, users will need to purchase the platform’s native token ETFS, which functions as a standard ERC-20 token of the Ethereum (ETH) network. ETFS will serve the purpose of utility, acting as the key to unlocking all the platform’s features and functionalities. In addition, holders can participate in the network’s governance by voting on decisions affecting its growth.
ETFswap (ETFS) currently offers the token at a mouthwatering price of $0.00854 per coin in its stage 1 presale. Aside from gaining access to trade tokenized ETFs, all initial stage 1 presale round participants are expected to make an automatic 100% profit on their investments once the presale stage 2 begins at $0.1381.
To make it more exciting, according to experts’ predictions, all early investors will increase their chances of making a 100x yield on their investment when the token surges to the $1 mark. This assurance of profit and diversification of assets in trading ETFs has brought in large and small portfolio investors, pushing the total number of tokens currently sold out to over 50 million.
Further, all investors can be assured of the safety of their investment as Cyberscope, a leading blockchain security firm, has thoroughly audited the platform smart contract and found it’s free from critical underlying conditions that can make it vulnerable to cyber-attacks. So what are you waiting for? Join the ETFswap (ETFS) presale today to secure your chance of making 100x yield on your investment.
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