Crypto whales withdraw $90 million in ETH from exchanges to buy Ethereum’s biggest token launch

Crypto whales have completed large-scale ETH withdrawals from the top crypto exchange, Coinbase, making the rounds and headlines as big whales and smart investors prepare for the biggest Ethereum (ETH) token launch of the decade.

ETFSwap (ETFS), a viral Ethereum token currently in its ICO presale, has become a trendy topic of discussion among top crypto analysts as big whales visibly rotate significant amounts of ETH withdrawals into ETFS. A phenomenal surge is now observed in ETFSwap trading volumes as whales drive retail FOMO into the native token.

Crypto whales withdraw $90 million in Ethereum (ETH) from exchanges

On Tuesday, May 14, a huge dose of market optimism was felt in the crypto community as four big crypto whales with distinct wallets initiated a whooping withdrawal of 78,301 Ethereum (ETH) valued at $231.2 million from the crypto exchange, Coinbase. These crypto whales made Ethereum withdrawals, which came out to a total of 30,440, worth $90 million at the time. 

This series of large ETH  withdrawals was not the first, as Lookonchain’s data report shows that a single whale wallet identified by the address 0x36D also carried out a sizable withdrawal of 6,030 ETH from Binance valued at $18 million on May 9. 

According to a top crypto analyst, the massive Ethereum (ETH) withdrawals observed lately in the crypto community must be a strategic move and manoeuvre by whales and institutional players to secure their portfolios and hedge against market volatility by diversifying into other stable utility projects such as ETFSwap (ETFS).

Following the crypto whales’ large withdrawals, Ethereum was observed to struggle in its price movements as whales diversified their ETH portfolio into other undervalued utility projects with high investment return potential. 

ETFSwap (ETFS) has become the top choice of investment for crypto whales as it offers a world-class tokenization platform with robust utilities, which positions its native token for exponential growth.

At press time, the native token of Ethereum (ETH), Ether, trades at around $3,000.

ETFSwap (ETFS) becomes safe haven investment for Ethereum whales 

ETFSwap has recorded a substantial increase in the trade volumes of its native token, ETFS, despite its relatively short entry into the crypto markets. The exponential rise in its token growth can be linked to the recent large ETFS purchases by crypto whales, who now see ETFSwap as a safe haven investment with guaranteed gains.

Big Ethereum whales are notably observed to liquidate their large ETH holdings to participate in the ongoing ETFSwap (ETFS) stage 1 of the presale, which sells at an undervalued price of $0.00854. At stage 2, Ethereum whales and smart investors would have doubled their capital investments as the next stage is programmed to sell at $0.01831, a guaranteed 200% ROI.

Apart from the guaranteed profits and ROI ETFSwap offers to investors participating in presale, it also provides smart and retail investors with a world-class tokenization platform that exposes them to a wide range of profitable investment options. On the ETFSwap decentralized platform, every crypto user and investor can trade a variety of profitable cryptocurrencies while also leveraging a $10 trillion traditional ETF market by tokenizing real-world assets (RWA).

Unlike other tokenization platforms, ETFSwap (ETFS) stands out as a unique and transparent decentralized platform offering users and investors instant settlements of tokenized funds around the clock. Its users and investors are also guaranteed a secure trading ecosystem audited by top global security firm Cyberscope. Investors and crypto traders can also remain anonymous and have complete privacy on the ETFSwap platform as they do not need to undergo rigorous KYC protocols observed on competitor platforms.

At a current presale price of $0.00854, the ETFSwap (ETFS) utility token is being bought up fast by whales and institutional players positioning to high profit from ETFS gains projected at a 40,000% increase by top crypto analysts and price experts. 

A 40,000% ETFSwap price increase will mean generational wealth for early ETFS investors. So, take action now.

For more information about the ETFS presale:-

Visit ETFSwap Presale

Join The ETFSwap Community

Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.

Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

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