New reports have revealed that crypto whales are on the move again, executing large-scale transactions and amassing huge amounts of cryptocurrencies. According to the blockchain analytics platform, Lookonchain, a mysterious wallet said to be owned by Tron (TRX) founder, Justin Sun, has been accumulating massive amounts of Ethereum (ETH) for weeks. 

Interestingly, this has not been the only whale activity observed in the space. Anonymous investors are swiftly acquiring large sums of ETFS, the native token of ETFSwap, at a low price. 

These whale movements indicate that investors are beginning to shift away from Bitcoin (BTC), to other cryptocurrencies like Ethereum (ETH) and projects like ETFSwap (ETFS). More importantly, it underscores the likelihood that these whales hold a bullish stance on these cryptocurrencies as the current market suggests the imminent onset of an altcoin bull run. 

Sun and other Ethereum (ETH) crypto whales are currently on a mega buying spree, purchasing a significant amount of Ethereum (ETH) tokens as the market sentiment slowly shifts away from Bitcoin (BTC) 

On Tuesday, April 23, Lookonchain unveiled a string of transactions executed by a wallet allegedly linked to Sun. According to the blockchain analytics platform, this mysterious wallet was created on the Ethereum (ETH) blockchain on March 31. 

The on-chain data analysis platform revealed that on the same day, the wallet deposited a whopping $787 million Tether (USDT) to crypto exchange, Binance. Subsequently, the same wallet executed multiple transactions involving Ethereum (ETH). Lookonchain reports that approximately 127,388 Ethereum (ETH) tokens were bought at an average price of $3,172, resulting in a total valuation of about $405.19 million. 

Following that, from February 12 to February 24, another wallet initiated a similarly substantial Ethereum (ETH) purchase, buying 168,369 Ethereum (ETH) tokens worth approximately $487 million at an average price of $2,894. 

Drawing parallels to the similarities in the transaction’s behavior, Lookonchain has implied that both wallets may be owned by Sun. If this allegation holds, then the Tron (TRX) founder would have acquired a total of 295,757 ETH tokens, valued at approximately $891 million, within 13 days. 

At $3,209, Ethereum’s current value, according to CoinMarketCap, has failed to experience any noticeable uptick despite the recent whale movements. The cryptocurrency is down by 6.13% over the past month while its 24-hour trading volume which presently exceeds $11 billion has declined by 4.56%. 

The increased demand and interest in ETFSwap (ETFS) among large-scale investors has been nothing short of monumental. Numerous investors are diving into this innovative project, aiming to capitalize on the fast-growing ETF market. 

Presently, more than 25 million ETFS tokens have been sold in the first stage of its presale. These transactions were executed by large crypto investors and users who are actively taking advantage of the cryptocurrency’s currently low price value. 

Unlike Ethereum, which requires a significant initial investment before reaping any substantial profits, ETFS tokens can be acquired at a low price of $0.00845, enabling investors to purchase as many tokens as they want. This positions them for potentially massive gains if ETFSwap surges to unprecedented highs. 

Other than buying tokens at a bargain price,  another primary reason why this ETFSwap (ETFS) has attracted leading investors is due to its dynamic trading offerings. This futuristic trading platform allows users to buy and trade different kinds of institutional ETFs through the exchange of cryptocurrencies. 

ETFSwap (ETFS) also offers numerous exclusive benefits to users. Traders can potentially amplify their returns by taking advantage of up to 10x leverage on all trades when they trade ETFs on ETFSwap’s seamless trading platform. 

Additionally, investors can stake their ETFS tokens to earn passive income or generate a yield from transaction fees. Token holders are also offered governance rights, while trading in long and short options directly from the platform, which will provide users with up to 50x leverage across all ETFs listed. 

Moreover, ETFSwap (ETFS) provides unlimited trading services, ensuring users can trade 24 hours a day. This trading platform also operates without the need for a KYC registration and leverages the power of blockchain technology to safeguard traders and uphold transparency on the platform. 

Investors eager to join the ranks of crypto heavyweights in acquiring ETFS tokens at a low price can do so during its ongoing presale. Act now to secure tokens before the price of each token escalates to $0.01831 in the second presale stage. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Tron Founder Justin Sun And Other Ethereum Whales Spend $500 Million, What Are They Buying? appeared first on CaptainAltcoin.

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