by Staff
The crypto space is filled with smart money that has made millions of dollars overnight. This time, the crypto community’s attention has been drawn to a Solana trader who turned $10,000 to $10 million in under 24 hours. This development has the crypto community wondering what the next move this smart money might make. For […]
#blockchain #crypto, #decentralized, #distributed, #ledger
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by Staff
The crypto space is filled with smart money that has made millions of dollars overnight. This time, the crypto community’s attention has been drawn to a Solana trader who turned $10,000 to $10 million in under 24 hours. This development has the crypto community wondering what the next move this smart money might make.
For those wondering, the ETFSwap (ETFS) token presale looks like the next likely step for this smart money, as the trader is expected to deploy some of their profits to a utility-based token like ETFSwap (ETFS).
How This Solana Trader Trader Turned $10,000 To $10 Million
On-chain analytics platform Lookonchain revealed that the crypto trader turned $10,000 into $10 million by investing in the $GUMMY meme coin. The Solana trader is said to have withdrawn 65.23 Solana (SOL) from the MEXC crypto exchange 12 minutes before the $GUMMY contract was deployed.
Lookonchain further revealed that they spent 64.5 Solana (SOL) to buy 97.36 million $GUMMY “in the same block where the $GUMMY deployer added liquidity.” The Solana trader then transferred the 97.36 million $GUMMY to 10 new wallets and hasn’t sold them yet.
However, the Solana trader is expected to cash out on his holdings at some point, considering how volatile meme coins can be. When that time comes, the trader will likely rotate their funds to a more stable ecosystem, which can also provide significant returns on their investments.
ETFSwap (ETFS) Comes Into The Picture
ETFSwap (ETFS) looks to be the perfect project for this Solana trader, given how promising the ecosystem is. Besides, with ETFSwap (ETFS) projected to rise as Shiba Inu (SHIB) did in 2021, there is an avenue for the crypto trader to still turn their $10 million into more millions of dollars.
Some Solana whales already recognized ETFSwap’s potential, which was why they were willing to offload their Dogwifhat (WIF) tokens in order to go all in on the ETFSwap (ETFS) presale. That is why it remains likely that this particular Solana trader will also make the same decision to go all in on ETFSwap (ETFS).
Meanwhile, although the Solana trader is yet to sell their $GUMMY holdings, it wouldn’t be surprising that this whale was among those who recently purchased the ETFSwap (ETFS) token. Crypto whales are known to have heavily invested in the token presale, with over 5 million tokens sold in the last 24 hours.
Crypto investors’ bullishness on the ETFSwap (ETFS) token has been attributed to its utility. As the native token of the ETFSwap platform, the ETFS token allows users to invest in an array of exchange-traded funds (ETFs) on-chain.
ETFSwap (ETFS) is also set to provide attractive yields to those who invest their ETFS tokens. As a new platform, these yields are expected to be way higher than what stakers receive on their staked Ethereum (stETH) and other staked tokens.
Meanwhile, narratives are everything in the crypto space, and these investors u I’llnderstand that the ETFSwap (ETFS) ecosystem is set to lead in the tokenization industry, which experts believe could become a trillion-dollar market by 2030. Therefore, these investors are simply following the liquidity, as there is always an opportunity to make unfathomable gains wherever money in the crypto market flows.
So far, the demand for the ETFSwap (ETFS) token has been unprecedented, with over 30 million tokens sold in just stage 1 of the presale. Since the presale began, the crypto token has seen its value skyrocket, which is why its price is likely to double once stage 2 of the presale commences. For now, stage 1 of the presale is still ongoing, and you can still invest with each token selling for $0.00854.
For more information about the ETFS Presale:
#blockchain #crypto, #decentralized, #distributed, #ledger
