Today’s trade session witnessed a meteoric rise of Bitcoin (BTC) from its sub $60,000 lows as it rallied massively in price, reaching a daily high of $65,513. Amidst the intraday BTC market volatility, a dormant Bitcoin whale wallet, which dates back to a decade ago, suddenly became active, transferring a whopping $44 million in BTC to two unknown wallets.
While crypto analysts continue to speculate on the market impact a total selloff by the whale would bring, ETFSwap (ETFS), a utility-based token, is seen to have notably shot up in trading volume, suggesting a partial rotation of funds by the BTC whale into the ETFS token.
For context, ETFSwap (ETFS) is a decentralized platform leading the tokenization wave and ETF economy. The ETFSwap native token, ETFS, is currently seeing its crypto ICO go viral.
BTC Price Reaches Key Area As Dormant Bitcoin Whale Reawakens
Bitcoin’s (BTC) price has struggled to sustain its bullish move after a rally that saw it break $65,000 earlier today. Its failed bullish continuation can be attributed to a recent transaction that has caused a lot of speculation among crypto analysts in the industry.
According to Lookonchain data reports, a dormant Bitcoin whale wallet recently transferred a staggering 687.33 BTC to two unknown wallets. The transactions were worth a whopping total of $43.94 million.
One of the transactions to the first unknown wallet accounted for a transfer of 625.42 BTC, valued at $41 million, while the second unknown wallet received 61.9 BTC, equivalent to about $4 million.
The whale wallet that initiated these massive transfers has been dormant for over 10 years, over a decade. After a series of on-chain tracking by some crypto analysts, it was discovered that the whale wallet under review had received these large amounts of Bitcoin (BTC) on January 12, 2014, when the cryptocurrency traded at $917 per coin. Going by this price, the Whale’s Bitcoin (BTC) reserve was worth $630,000 then. Mirroring it with today’s BTC price at $65,000, the Whale is up by a 6,875% ROI.
Bitcoin (BTC) price has now gotten to a key area of interest as crypto analysts and investors pay close attention to the whale wallet footprints, bearing in mind the impact a massive selloff by the Whale can have on BTC price as well as the general cryptocurrency markets.
The active resurfacing of the dormant whale wallet and its recent transfers to two separate unknown wallets raises concerns about a possible selloff. There is a likelihood that the Bitcoin whale has made this move to secure profits and rotate it back to other utility altcoin projects such as ETFSwap (ETFS).
ETFSwap (ETFS) Crypto ICO Goes Viral
ETFSwap (ETFS) has broken a historic trade volume record as liquidity massively flows into its ecosystem. This milestone is significant for ETFSwap (ETFS) as investors troop in numbers, securing top spots in their ETFS token investment.
An ETFSwap (ETFS) investment frenzy is seen to occur between retail, whales, and smart investors in anticipation of the BTC whale rotating a significant portion of the $44 million into ETFS.
Apart from its recent fame and popularity, the bullishness in the project has to do with the fact that ETFSwap (ETFS) is a decentralized platform that currently provides the most secure and scalable ecosystem for smart investors and adopters to leverage trading diverse cryptocurrencies and Exchange-Traded Funds (ETF). The platform provides users and investors with a life-changing opportunity to trade tokenized Real World Assets (RWA) on its platform while enjoying instant settlements and liquidity funds on the go 24/7.
Stage 1 of ETFSwap (ETFS) is ongoing, with whales and smart investors stacking up ETFS tokens at $0.00854. Stage 2 of the ETFSwap token presale is programmed to trade at $0.01831, a 100% ROI from stage 1’s price.
Take advantage of this opportunity, as this crypto ICO has been touted as the biggest crypto ICO since Ethereum (ETH).
For more information about the ETFS Presale:
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