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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 enabling all users to trade cryptocurrencies alongside securities and other assets like precious metals. ETFSwap (ETFS) offers traders who want to fully benefit from the various assets on the platform fractional ownership, enabling them to amplify their portfolio. ETFSwap (ETFS) also allows users who trade tokenized ETFs on its derivative trading arm to extend their profit position by over 50x. The platform also features AI-powered trading tools that assist traders in making well-informed decisions when trading, thereby boosting profit and minimizing loss of funds.
 
Further, as a decentralized platform, ETFSwap (ETFS) does not require new users to fill out Know Your Customer (KYC) forms, enabling them to sign up and start trading in minutes. It also protects them from potential identity theft, as hackers often exploit sensitive information individuals put online to harm them and their businesses. The platform’s native token, ETFS, functions as a standard ERC-20 token of the Ethereum network and powers the ecosystem.Â
Thus, this Ethereum token is responsible for all the transactions carried out on the network. It also grants users voting rights to participate in the network governance, directly influencing decisions regarding updates and changes on the platform. In addition, users who hold this Ethereum token can make passive income by staking it for profit on the platform’s staking pool. They will also gain access to exclusive opportunities, bonuses, and early access to all ETF listings on the platform.Â
As a cherry on top, users who purchase this Ethereum token can be assured of the safety of their assets as the top blockchain security firm Cyberscope has thoroughly audited the platform smart contract. After a careful examination, Cyberscope declared ETFSwap (ETFS) free from underlying severe conditions that can create loopholes that hackers can exploit in the future. Further, for their transparency and commitment to security, the ETFSwap team was verified by SolidProof, boosting their credibility as a safe trading platform.
ConclusionÂ
Experts are optimistic that ETFSwap (ETFS) will soon surge to the $3 mark as users from all regions, including the Dogecoin whale, troop into its ongoing presale. When that happens, all who have bought this Ethereum token will increase their chances of making over 200x yield on their assets. However, the time left is reduced as ETFSwap (ETFS) recently gained a listing on Coinmarketcap.
For more information about the ETFS Presale:
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