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Onchain transactions show Binance moving billions of Shiba Inu (SHIB) tokens, sparking market curiosity as investors try to determine the implications of the market activity. Amid the speculations caused by the move, the new viral presale ETFSwap (ETFS) has won the hearts of investors amid bearish market conditions.
While we look at the reason for Binance’s transaction and where the funds are headed, this article also discusses the impressive prospects on ETFSwap (ETFS), a new platform trading ETF assets.
Binance Moves Millions Worth Of Shiba Inu (SHIB) Between Wallets
Binance reportedly moved over 137 billion Shiba Inu tokens on August 11. Had it not been moved to another Binance wallet, this transaction would have typically been considered a withdrawal.
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The 137 billion Shiba Inu tokens, worth $1.924 million at the time of the transaction, moved from the Binance 14 wallet to the Binance 16 wallet. This activity is not expected to cause panic, as it is common for centralized exchanges to reshuffle their tokens across various wallets to ensure even distribution for liquidity or security reasons.
While the Shiba Inu transfers seem significant enough to cause a market reaction, they are only a drop in the ocean of Binance’s SHIB holdings. The latest Proof-of-Reserves reports show that Binance currently holds 62.8 trillion tokens, which are worth about 87.7 million. However, this number shows a decline from last month’s figure of 62.95, as users have withdrawn over 1 trillion SHIB tokens over the past month.
Nonetheless, the latest Binance Proof-of-Reserves shows that the Shiba Inu (SHIB) holdings maintain a 102.57% collateral ratio, which is considered overcollateralized and technically keeps Binance and users safe. As of this writing, Shiba Inu (SHIB) is trading at $0.00001898 with a $8.5 billion market cap.
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ETFSwap (ETFS) Set To Drive The Biggest Market Profits
ETFSwap (ETFS) has emerged as a market sensation, drawing millions of funds in early presale phases with ambitious targets. The emerging ETF trading platform will launch on Ethereum, leveraging the network’s robust DeFi infrastructure for growth. Investors are excited about this new market opportunity, which presents a massive margin for profit for early presale investors.
The new platform will allow decentralized access and global accessibility to the ETF market, thereby democratizing what is naturally a centralized market. This allows ETFSwap (ETFS) to integrate new DeFi features that elevate the market experience for new and existing ETF investors. Also, it makes entry much easier as investors get better features compared to trading on centralized platforms.
ETFSwap (ETFS) will facilitate round-the-clock trading, fast ETF settlement, passive income from staking yields, access to liquidity, and permissionless trading. Users will be able to trade ETFs without providing any KYC information, which has always been a main deterrent for users who want to maintain their privacy when trading.
This innovative platform also opens up the ETF market to several crypto investors who consider it a more refreshing alternative and a means to diversify their portfolio. Investors are also enthusiastic about ETFSwap’s (ETFS) first-mover advantages. Therefore, presale investors look forward to massive profits as the platform is poised to claim a huge market share.
Furthermore, ETFSwap (ETFS) has announced a beta launch in a few weeks. This is positive news following SolidProof’s KYC verification. The KYC audit verified the identity of each team member on ETFSwap (ETFS) and lent more credibility to the new project.
Conclusion
While the on-chain activity on Shiba Inu (SHIB) raised some market concerns earlier in the week, the new ETFSwap (ETFS) presale has restored some investor confidence with its impressive presale growth. The new ETF trading platform is poised to lead the crypto market to a possible bull run, and investors are securing early entries on the presale for guaranteed returns.
Secure early spots now, as the presale still sells at $0.01831 per token. The next presale stage will begin at $0.03846, locking over 100% of early investors’ profits.
For more information about the ETFS Presale:
