The cryptocurrency space is full of smart money people who have made millions of dollars overnight. This time, the cryptocurrency community’s attention turned to a Solana trader who made from $10,000 to $10 million in 24 hours. This development has the cryptocurrency community wondering what move this smart money will make next.
For those wondering, ETFS Wap (ETFS) A token presale is likely to be the next step for this smart money, as traders are expected to distribute a portion of their profits to utility-based tokens like ETFSwap (ETFS).
How this Solana Trader turned $10,000 into $10 million
On-chain analytics platform Lookonchain revealed A crypto trader turned $10,000 into $10 million by investing in the $GUMMY meme coin.Solana trader allegedly withdrew $65.23 Solana (SOL) $GUMMY contract deployed 12 minutes ago from MEXC Cryptocurrency Exchange.
Lookonchain further revealed that it spent 64.5 Solana (SOL) to purchase 97.36 million $GUMMY in “the same block where the $GUMMY deployer added liquidity.” Solana traders have since moved $97.36 million of GUMMY to 10 new wallets and have not yet sold it.
However, given the volatility of memecoins, Solana traders are expected to cash out their holdings at some point. When that time comes, traders are likely to direct their funds to a more stable ecosystem, which could also result in greater returns on their investments.
Introducing ETFSwap (ETFS)
ETFS Wap (ETFS) Considering how promising the ecosystem is, this looks like the perfect project for Solana traders. Moreover, like Shiba Inu (SHIB), ETFSwap (ETFS) is also expected to rise in 2021, so crypto traders still have a way to turn $10 million into millions more.
Some Solana Whales have already recognized the potential of ETFSwap and that is why they were willing to offload their Dogwifhat (WIF) tokens to go all-in on the ETFSwap (ETFS) pre-sale. That’s why this particular Solana trader is still likely to make the same decision to go all-in on ETFSwap (ETFS).
Meanwhile, Solana traders have not yet sold their $GUMMY holdings, but it would not be surprising if this whale was among those who recently purchased ETFSwap (ETFS) tokens. Crypto whales are known to invest heavily in token pre-sales, with over 5 million tokens sold in the past 24 hours.
Cryptocurrency investors’ bullishness on ETFSwap (ETFS) tokens is believed to be due to its utility. As the native token of the ETFSwap platform, ETFS tokens allow users to invest in a range of on-chain exchange-traded funds (ETFs).
ETFS Wap (ETFS) It is also set to offer attractive yields to those who invest in ETFS tokens. As a new platform, these yields are expected to be much higher than what stakers receive on staked Ethereum (stETH) and other staked tokens.
Meanwhile, in the world of cryptocurrencies, narrative is everything, and these investors believe the ETFSwap (ETFS) ecosystem will lead the tokenization industry, with experts predicting it could become a $1 trillion market by 2030. I understand that you think it’s sexual. Therefore, these investors are simply chasing liquidity because no matter where the funds in the crypto market flow, there is always an opportunity to make immense profits.
So far, demand for ETFSwap (ETFS) tokens has been unprecedented, with over 30 million tokens sold in stage 1 of the pre-sale alone. The value of crypto tokens has skyrocketed since the presale began, which is why the price is likely to double when the second phase of the presale begins. For now, stage 1 of the pre-sale is still underway and each token can be sold and invested for $0.00854.
For more information on the ETFS presale, please see below.
Source: www.the-blockchain.com
