Dogecoin Whales Sell 25 Million DOGE To Grab ETFSwap (ETFS) Token At $0.03846
The post Dogecoin Whales Sell 25 Million DOGE To Grab ETFSwap (ETFS) Token At $0.03846 appeared on BitcoinEthereumNews.com.
Advertisement     Recently, there was much buzz in the crypto market as a Dogecoin whale began to shift from Dogecoin (DOGE) by selling 176 million of their stash to grab an Ethereum token ETFSwap (ETFS) in its ongoing presale. This article discusses why the Dogecoin whale chose ETFSwap (ETFS) amidst the flurry of assets in the crypto market. Dogecoin Whales Dump DOGE According to data from the blockchain tracker Whale Alert, a Dogecoin whale has reportedly transferred over 176 million of its stash to the Binance exchange. Whale Alert revealed this information on its X (formerly Twitter) page on October 20, 2024, stating that the transaction was traced to an unknown wallet, hinting that the Dogecoin whale chose to remain anonymous. However, some crypto community members have termed the transaction of the Dogecoin whale as a loss of interest in Dogecoin (DOGE), signaling bearish concerns for the meme coin. Others, however, are leaning towards a price correction for Dogecoin (DOGE), with some crypto analysts suggesting that the meme coin has reached an overbought region. Further, veteran crypto analyst Ali Martinez has also hinted that a sell signal is flashing on the Dogecoin (DOGE) chart, suggesting an impending price correction. According to CoinGecko, Dogecoin (DOGE) currently trades at $0.14, ranking 9th in the crypto market. Dogecoin Whales Troop Into ETFSwap (ETFS) Presale After dumping DOGE, the Dogecoin whale, like several others, shifted into the ETFSwap (ETFS) ecosystem by grabbing its native token, ETFS, in a presale. In this presale, ETFSwap (ETFS) offers this Ethereum token at a low price of $0.03846 per coin. Users who infuse in this Ethereum token gain access to the ETFSwap (ETFS) crypto ETF trading platform, which introduces the unique option of trading tokenized ETFs. The tokenized ETFs directly represent traditional ETFs on the blockchain, thus…
Filed under: News - @ October 26, 2024 7:17 pm