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Meta description: Top Ethereum whale liquidates $10 million worth of ETH and moves massive profits into ETFSwap (ETFS) and Near protocol (NEAR).
Keywords:
Ethereum
Ethereum whale
ETH
Near Protocol&nbsp;
<img src="https://cdn.thebittimes.com/images/2024/06/10/1718001365.webp" width="795" height="443" style="display: block; margin-left: auto; margin-right: auto;">
An Ethereum whale, who sold off $10 million worth of ETH, has followed the trend of others before him and diversified a huge amount into the<a href="https://etfswap.io/" target="_blank" rel="noopener noreferrer nofollow"> ETFSwap (ETFS)</a> crypto presale while also buying into the Near Protocol dip.&nbsp;
<h2 dir="ltr" id="span-etfswap-etfs-platform-welcomes-another-ethereum-whale-investors-span">ETFSwap (ETFS) Platform Welcomes Another Ethereum Whale Investors</h2>
The launch of Spot Bitcoin ETFs and the recent approval of Spot Ethereum ETFs have created a lucrative ETF market with massive potential for wealth generation. No wonder one Ethereum whale has been drawn into the <a href="https://etfswap.io/?utm_source=thebittimes&amp;utm_medium=pr&amp;utm_campaign=0610" target="_blank" rel="noopener noreferrer nofollow">ETFSwap (ETFS)</a> platform for its innovative profit-generating features.&nbsp;
The Ethereum whale, like every other investor in the crypto space, wants to access the trillion-dollar ETF market, and there’s no other platform better positioned to receive the largesse from the ecosystem than ETFSwap (ETFS).&nbsp;
The platform provides access to tokenized ETFs and offers several invaluable investment tools such as ETF Finder, ETF Filter, and ETF Tracker, which users can leverage to find and track the performance of an ETF on the platform, then select a preferred ETF and generate a simulation of what their returns on investment would be if they invested in it.&nbsp;
Along with a 10x leverage for trading options to increase trader profit margins by up to 5000% and access to 50x leverage on all listed ETFs, the ETFSwap also offers the most competitive yields in the crypto space to those who buy and stake the native ETFS tokens.&nbsp;
Moreover, the platform’s attractive 87% annual percentage rate (APR) yield on staked <a href="https://etfswap.io/?utm_source=thebittimes&amp;utm_medium=pr&amp;utm_campaign=0610" target="_blank" rel="noopener noreferrer nofollow">(ETFS)</a> tokens is higher than what most investors receive on staked Ethereum (stETH) and likely influenced the whale’s decision to move more funds into the platform to enjoy passive income.&nbsp;
The ETFSwap (ETFS) eliminates the need for third-parties such as brokers as well as any need for Know Your Customer (KYC) verification to ensure unrestricted access to the platform. It however, guarantees a secure and safe platform by means of a rigorous <a href="https://www.cyberscope.io/" target="_blank" rel="noopener noreferrer nofollow">audit</a> from leading blockchain security firm CyberScope.&nbsp;
Only holders of the ETFS token can access the ETFSwap platform and use its innovative features; the tokens are currently available at the price of $0.01831 in its presale, which is in Stage 2.&nbsp;
You can double your purchase if you buy now and use the code ETFS20 during checkout.&nbsp;
<a href="https://etfswap.io/?utm_source=thebittimes&amp;utm_medium=pr&amp;utm_campaign=0610" target="_blank" rel="noopener noreferrer nofollow"><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc77k0HHmT_DWrU_9tH_jOWcdpqCtYH8jB0BFzc-kfdVWRW_NoC813gtbY_lM0Noy0uZA4Wi1e1CFwh2u-xI1GjryxrE0s9NSqhPzPvX6gapIWIaXEFG--wTdMYyOk6ts_XEdQ0TXlqiGdTvw8JPlmfekDu?key=mVHHyuJsqquoav67E9APIw" width="602" height="93" style="display: block; margin-left: auto; margin-right: auto;"></a>
<h2 dir="ltr" id="span-near-protocol-receives-a-few-trickles-from-ethereum-whale-splash-span">NEAR Protocol Receives A Few Trickles From Ethereum Whale Splash&nbsp;</h2>
Another very innovative project that has caught the attention of the Ethereum whale is the Near Protocol (NEAR).&nbsp;
Near protocol aims to resolve the blockchain trilemma of being scalable, decentralized, and secure, as well as provide decentralized applications (dApps) that are both seamless to use for end users and seamless to create for developers.
Compared to Ethereum (ETH), Near Protocol (NEAR) transaction fees are very low, just like other PoS networks. This presents an opportunity for the Ethereum whale to retain more of his profits that would otherwise be lost in gas fees. The native token of Near Protocol is the NEAR token, and it is generated at a rate of 5% of the total supply annually, a majority of which is given as rewards to validators.
Meanwhile, the current NEAR price is $7.10, reflecting an 8.41% decrease over the past week. Which represents less than half of its all-time high of $20.42 from two years ago, marking a 65% drop.&nbsp;
<h2 dir="ltr" id="span-conclusion-on-the-ethereum-whale-that-moved-millions-into-etfswap-etfs-and-near-protocol-near-span">Conclusion On The Ethereum Whale That Moved Millions Into ETFSwap (ETFS) And Near Protocol (NEAR).&nbsp;</h2>
The growing volume of liquidity in the ETFSwap (ETFS) platform is testament to the fact that a huge part of the Ethereum whale's funds found their way into the ETFSwap (ETFS) platform. As a result, many more investors will likely be making similar strategic decisions in favor of the DeFi platform.&nbsp; 
For more information about the ETFS presale:
<a href="https://etfswap.io/?utm_source=thebittimes&amp;utm_medium=pr&amp;utm_campaign=0610" target="_blank" rel="noopener noreferrer nofollow">Visit ETFSwap Presale</a>
<a href="https://linktr.ee/etfswap" target="_blank" rel="noopener noreferrer nofollow">Join The ETFSwap Community</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-ethereum-whale-offloads-10-million-in-eth-moves-funds-into-near-protocol-near-and-etfswap-etfs-tbt92141.html">https://thebittimes.com/top-ethereum-whale-offloads-10-million-in-eth-moves-funds-into-near-protocol-near-and-etfswap-etfs-tbt92141.html</a>

Top Ethereum Whale Offloads $10 Million In ETH, Moves Funds Into Near Protocol (NEAR) And ETFSwap (ETFS)

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