Learn how ETFswap is revolutionizing DeFi: Ride the wave of the $3 billion tether (USDT) surge and join the presale success story.
Analytics platform Lookonchain recently reported a flurry of massive whale activity that saw $3 billion worth of Tether (USDT) minted. Tracking this activity is important as crypto whale investors are one of the backbones of the Industry, and their activities could either positively influence the market trend or cause a downtrend.
In this case, it is a positive development, as this volume is expected to flow into ETFswap ($ETFS), a novel trading platform that is making waves in the crypto industry due to its ongoing massive presale.
Crypto Whales Mint $3 Billion Tether (USDT) As Q2 Kick-Offs
Lookonchain reported on April 5 the activities of whales who minted $3 billion worth of Tether’s USDT on the Ethereum (ETH) and Tron (TRX) network. They made this known on their X (formerly Twitter) page, analyzing how the token was shared across multiple exchanges.
Since April 1, over $2.55 billion worth of USDT flowed into Binance, Kraken, Bitfinex, and Coinbase. $1.08 Billion worth of USDT went to Bitfinex, $93.8 million went to Coinbase, $824.1 million went to Kraken, and $614.6 worth of USDT was sent to Binance exchange, respectively.
The report by Lookonchain was greeted with much optimism from the crypto community on X, with many believing the market is getting ready for a big push. However, at the same time, some, like Muhammad Azhar, a crypto tech enthusiast, used this medium to reinforce transparency. Azhar believes that with such vast inflows of Tether (USDT) into centralized exchanges, all party involved needs to be transparent and accountable.
At the moment, though, the market continues to be in a sea of red as the bears and bulls battle it out for supremacy in the crypto market. Therefore, the effect of this massive crypto asset movement is yet unknown whether it will drive the market positively or negatively. However, some in the crypto community are gearing toward the fact that the whales are preparing to buy one of the next big things in the crypto industry, like ETFswap ($ETFS).
ETFSwap ($ETFS) Attracts More Investors With Private Sale Success
ETFswap ($ETFS) is a platform that introduces an innovative way for traders to interact with exchange-traded funds (ETFs) by merging Trad-fi with decentralized finance through tokenization. By tokenizing ETFs, traders can boost their portfolios with several asset classes like commodities, stocks, and bonds. Also, the platform offers leverage trading with up to 10x leverage, seamless swapping features, and staking rewards to create avenues for passive income.
Furthermore, ETFswap ($ETFS) will feature fractional ownership, a decentralized finance (DeFi) function that assists traders in amplifying their portfolios. At the heart of the project is its native token, $ETFS, a standard ERC-20 token that will serve the purpose of governance and allow holders to have a say in the decision-making on the platform through voting. It will also be used as a utility throughout the project.
ETFswap ($ETFS) has continued to attract crowds of investors who are impressed by the ecosystem and its long-term potential. The recently concluded private sale of its native token recorded tremendous success, with three angel investors and two institutional investors joining with $750,000 in investment.
The end of the private sale was followed by the stage 1 presale, where the tokens are offered at $0.00854 per coin. Stage 2 will kick off at a higher price of $0.01831, cementing profit for stage 1 investors. Currently, over 5 million tokens have been sold, indicating FOMO (fear of missing out) among investors.
Also, analysts predict a potential 10,000% surge in price that will take the token price to the $1 mark. Therefore, there is much to gain for investors who join the project at its early stages, as they will have the opportunity to increase their yield on investment massively. Also, they can take advantage of the innovative DeFi features and smart contract functionalities on the ETFswap ($ETFS) ecosystem.
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