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Crypto Whales Turn Their Backs On Ripple Following SEC Appeal, Dump XRP For This Ethereum Token

September 19, 2024 By Crypto Reporter PR

A fresh SEC appeal against Ripple (XRP) seems to be on the horizon despite the cryptocurrency’s legal representation claiming it’s a closed case. This turn of events and uncertainty has caused Crypto Whales to dump Ripple (XRP) for an Ethereum (ETH) token — ETFSwap (ETFS) — selling for $0.03846 with a potential to hit over $3 on launch.

ETFSwap (ETFS) Keeps Welcoming New Investors

Whales who dumped Ripple (XRP) are the latest set of investors in the ETFSwap (ETFS) presale, which has drawn huge investments from numerous people over the past few months. The Ethereum (ETH) token, ETFS, is the native token of the ETFSwap (ETFS) trading platform. This Ethereum (ETH) token has raised nearly $4 million so far. Over 370 million tokens have been sold, 80% of the amount allocated for presale. Crypto Whales are set to accumulate millions of the ETFS tokens as they are set to launch at over $3, despite currently selling at $0.03846. 

This launch price represents an 80x rise. Crypto analysts base this prediction on the exchanges on which the Ethereum (ETH) token is set to launch, such as Coinbase, Binance, MEXC, etc. For a cryptocurrency to launch on top exchanges, it certainly meets many criteria, such as offering a useful product, having a proven team, and having a large user base. ETFSwap (ETFS) ticks all these boxes, so the Ethereum (ETH) token is set to skyrocket on launch.

In terms of having a “useful product,” the ETFSwap (ETFS) platform is an ETF DeFi trading platform that allows users to trade real-world exchange-traded funds (ETFs) on the blockchain. The native token of the ETFSwap (ETFS) platform—ETFS—also allows users to earn on the platform.

Speaking of a proven team, the team behind the ETFSwap (ETFS) trading platform has been KYC verified by SolidProof, a smart contract auditing company. Additionally, the ETFSwap (ETFS), its token, and its offerings and services have been audited by CyberScope, an industry-leading security company in the crypto market, and certified safe and authentic. As for its large user base, ETFSwap (ETFS) has recorded over 500,000 individuals who have shown interest in its beta app and are set to start using it when it launches.

These criteria, which the ETFSwap (ETFS) platform and its native token meet, show these Crypto Whales that it has what it takes to soar massively at launch. It also shows that investors such as crypto Whales who have dumped Ripple (XRP) can be confident that the Ethereum (ETH) token will be listed on major exchanges.

Investors Dump Ripple (XRP) As Legal Case Drags

A few weeks back, the legal case against Ripple (XRP) ended after a US judge approved a fine of $125 million against Ripple (XRP). However, the court allowed either side to appeal the verdict within 60 days, meaning that until this window closed, no one could rule out the possibility of the SEC appealing. Since the SEC was looking to have Ripple (XRP) pay a settlement of $2 billion instead of the $125 million approved by the judge, many speculate that the US SEC will appeal to get the original settlement amount or close to it.

The legal battle against Ripple (XRP) has affected the growth of the crypto coin over the past few months. Crypto Whales are now starting to lose patience and focus on other opportunities. The Ethereum (ETH) token ETFSwap (ETFS) has caught the attention of these crypto Whales because just as the Ripple coin plays a huge role on the Ripple Blockchain, ETFS does the same on the ETFSwap trading platform.

Conclusion

As Ripple (XRP) continues to battle uncertainty, ETFSwap (ETFS) is set to allow investors to make good profits when launched. With the Ethereum (ETH) token, investors can earn passively through the staking pool, giving up to 36% profit, an APR yield of up to 87%, and airdrop rewards.

Now is the time to invest in ETFSwap (ETFS), as its presale is set to end soon. Buy now at $0.03846 to position for an 80x surge.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Filed Under: Press Releases

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