Published 21:56 IST, July 18th 2024
PEPE Whales Make Their Move Ahead Of Spot Ethereum ETFs, What Are They Doing?
PEPE whales are buying Pepe (PEPE) and ETFSwap (ETFS) ahead of Spot Ethereum ETFs trading, showing bullish tendencies.
- Initiatives
- 4 min read
The Spot Ethereum ETFs are expected to launch soon enough, and PEPE whales are busy ahead of this event. On-chain data shows that these PEPE whales have accumulated more Pepe (PEPE) and ETFSwap (ETFS) tokens as they look to make massive profits when the Spot Ethereum ETFs begin trading.
PEPE Whales Buy More Tokens
According to data from the market intelligence platform IntoTheBlock, there has been a significant increase in PEPE whales’ transactions over the last seven days, with over $135.7 million worth of PEPE tokens traded during this period. These PEPE whales are believed to be accumulating these crypto tokens in preparation for the launch of the Spot Ethereum ETFs.
These Spot Ethereum ETFs are expected to spark a significant rally for PEPE because PEPE is considered a beta play to Ethereum (ETH). As such, these PEPE whales expect PEPE to record significant price gains as Ethereum (ETH) begins to rally thanks to these Spot Ethereum ETFs.
PEPE Whales Are Also Accumulating ETFSwap (ETFS)
PEPE whales are also accumulating ETFS, the native of the decentralized investment platform ETFSwap (ETFS). These investors see buying ETFS at its current price of $0.0183 as an obvious play given the increased demand it will enjoy once the Spot Ethereum ETFs launch. This increased demand will come from those looking to invest in these funds on the ETFSwap platform.
The decentralized finance (DeFi) platform tokenizes crypto exchange-traded funds (ETFs) like the Spot Ethereum ETFs, enabling them to be traded on-chain. This provides a much more straightforward way for crypto investors like the PEPE whales to participate in the crypto ETF revolution without leaving the decentralized space.
The trading platform also offers several other types of ETFs, allowing crypto investors to gain exposure to other traditional assets besides these crypto ETFs. Additionally, investors will gain access to various commodities on the DeFi platform, making portfolio diversification much easier to achieve.
ETFSwap (ETFS) users will need the ETFS token to access these offerings, which is why the launch of the Spot Ethereum ETFs will spark a significant price gain for the crypto token as more investors look to purchase the crypto token to invest in this tokenized fund. The trading platform will also witness an influx of traditional whales looking to enjoy staking yields from the Ethereum (ETH) ecosystem since the Spot Ethereum ETFs do not contain staking plans.
ETFSwap (ETFS) allows investors to stake their crypto assets and earn yields, meaning institutional investors can invest in the Spot Ethereum ETFs while enjoying staking rewards. The trading platform also offers mouth-watering yields for those who choose to stake its native ETFS token with an annual percentage yield (APY) of up to 80%.
The DeFi platform has also made it easier for investors and traders to be profitable in their trades. ETFSwap (ETFS) boasts artificial intelligence (AI) powered trading tools that provide investors with the best ETF recommendations based on their market data analysis. These AI tools also continue to improve based on data gathering and pattern recognition.
Considering ETFSwap’s potential to disrupt global finance, it is obvious why investors also see its native ETFS token as an investment opportunity and are looking to accumulate as much as they can before it records the unprecedented price gains that it is set to enjoy once more bullish developments unfold.
Conclusion On The Need To Act Fast Regarding ETFSwap (ETFS)
Investors looking to buy the ETFSwap (ETFS) need to act fast if they intend to buy the crypto token at this discounted price of $0.0183. More investors are already looking to accumulate the ETFS token after hearing recently that the ETFSwap team has been verified and certified by the auditing firm Solidproof. This has boosted investors’ confidence to ape more, with the current demand for the crypto token on the rise.
For more information about the ETFS Crypto Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
Updated 19:20 IST, July 19th 2024