Amid the ongoing strong market corrections, the crypto industry has continued to record the activities of whales, which could either be in preparation for a massive price rally or move on to better investments. Either way, this is true in the recent activity of both Dogecoin (DOGE) and Ripple (XRP) whales, with both camps moving to a new Ethereum token called ETFSwap (ETFS).Â
Dogecoin Whales Purchase 226 Million DOGE
Whale Alert, an on-chain asset tracking platform, has reported the activity of two whale transactions involving the purchase of over $31 million worth of Dogecoin (DOGE) on the Robinhood exchange. The transaction has fueled wide speculation among the Dogecoin (DOGE) community about the possibility of an imminent rally.Â
The first transaction to occur was the largest and was carried out by the anonymous whale, only identified by their wallet address, accumulating 150 million DOGE worth $21.28 million. Simultaneously, the same whale in another transaction on the same crypto exchange purchased 76.31 million DOGE worth $10.76 million.Â
While the effect of these massive transactions is still yet to be seen on the meme coin, such actions indicate a growing interest in the meme coins. Dogecoin (DOGE) currently trades at $0.13 and ranks 8th in the crypto market according to data from asset tracking platform Coinmarketcap.Â
XRP Whales Move 70 Million Tokens Amid Legal Battles With US SEC
Some Ripple (XRP) whales have sprung into action, moving over 70 million XRP tokens, according to data by Whale Alert, which it reported on its X (formerly Twitter) page in the late hours of April 28, 2024. The whale transactions come as the Ripple (XRP) network and the United States Security and Exchange Commission (SEC) continue to battle over regulatory conditions in court.Â
The whale could have made this move to channel the funds into more secure investments, as they carefully observed where the chips would fall for Ripple (XRP). Whale Alerts revealed that the tokens were transferred in three different transactions.Â
The first was 30,530,000 XRP worth close to $16 million, moved from a wallet labeled Unknown into the Bitstamp crypto exchange. The second involved the transfer of 23,037,3,429 XRP tokens from the Binance exchange into an anonymous wallet address. Finally, another whale moved 20,980,252 XRP tokens from the Binance exchange into an unknown wallet.Â
Meanwhile, amid the whale transactions, XRP has continued to dance to the erratic tune of the crypto market, trading at $0.49, according to data from Coinmarketcap.Â
ETFswap Attracts The Attention Of XRP WhalesÂ
ETFswap (ETFS) is a blockchain platform currently buzzing the crypto market, as it has stolen the attention of numerous investors, including those of Ripple (XRP) and Dogecoin (DOGE), with its ongoing presale sale. In this sale, ETFswap (ETFS) is offering its native token ETFS at a low price of $0.00854 per coin in stage 1, making it possible for investors of all portfolio sizes to participate in the event. All investors participating in stage 1 will profit when stage 2 begins at a higher price of $0.01831.Â
Also, the ETFS token will allow holders to access the platform’s unique offering, the trading of tokenized exchange-traded funds (ETFs). The tokenized ETFs will directly represent the traditional ETFs on the blockchain, making it possible to track their progress before making investment decisions.Â
Aside from that, holders of ETFS will be able to participate in the governance of the network through voting. Holders can also make passive income by leveraging the platform staking features, which offer competitive APRs.Â
Furthermore, the ETFS token is speculated to surge to the $1 mark and rise by 10,000% soon, providing a 100x yield on investments for early investors. So, do you want to trade tokenized ETFs and make a 100x yield on your investment? Join the ETFswap (ETFS) presale today to make it a reality.Â
For more information about the ETFS Presale:
