The post Crypto Whales are Cashing Out of Arbitrum (ARB) and Shiba Inu (SHIB), Betting on TMS Network (TMSN) for Meteoric Rise appeared first on Coinpedia Fintech News
The crypto market has witnessed major shifts in 2023 as investors seek new opportunities and avoid risky bets. In this article, we will explore how crypto whales are dumping Arbitrum (ARB) and Shiba Inu (SHIB), two popular tokens that have lost their momentum, and why they are flocking to TMS Network’s (TMSN). This new Web3-based trading platform promises high returns and low fees.
Crypto whales dump Arbitrum (ARB) as it loses steam
Arbitrum (ARB) is a layer-2 scaling solution for Ethereum that aims to improve its speed and efficiency. Arbitrum (ARB) launched its mainnet in August 2022, quickly gaining popularity among developers and users. However, Arbitrum (ARB) has faced some challenges in 2023, such as security issues, network congestion, and competition from other scaling solutions.
As a result, crypto whales have been losing interest in Arbitrum (ARB) as they seek better opportunities elsewhere. According to data from Etherscan, the number of addresses holding more than 10,000 ARB tokens has decreased by 20% in the past month, indicating that large holders are selling their stakes. Moreover, the trading volume of Arbitrum (ARB) has significantly declined over the past few weeks.
Shiba Inu (SHIB) is losing favour among crypto whales
Shiba Inu (SHIB) is another token losing its appeal among crypto whales. Shiba Inu (SHIB) is a meme-inspired cryptocurrency created as a joke and a Dogecoin (DOGE) rival. Shiba Inu (SHIB) reached its all-time high in October 2021 after gaining massive exposure from social media and celebrity endorsements. However, Shiba Inu (SHIB) still needs to sustain its hype and growth, as it faces several challenges, such as regulatory uncertainty, community infighting, and lack of innovation.
Shiba Inu (SHIB) has lost more than 90% of its value since its peak, trading at $0.00001 at the time of writing. Crypto whales have been dumping Shiba Inu (SHIB) in large quantities as they see no future for the token. According to WhaleStats, a mysterious crypto whale bought 3.2 trillion SHIB tokens in December 2022 but sold them all in March 2023, losing over $50 million. Similarly, another well-known Ethereum whale, “Gimli”, reduced its SHIB holdings by more than half in the past month.
Why crypto whales consider TMS Network (TMSN) a worthy investment
While crypto whales are exiting Arbitrum (ARB) and Shiba Inu (SHIB), they are accumulating TMS Network’s (TMSN) tokens at a record pace. TMS Network (TMSN) is a new Web3-based social trading platform that allows users to trade various assets such as forex, futures, CFDs, stocks, and more using cryptocurrencies. TMS Network (TMSN) aims to solve the problems of existing online trading platforms, such as wash trading, price manipulation, high transaction fees, and low transaction speed.
Lower transaction costs on the TMS Network’s (TMSN) allow traders to stake their gains and strategically reinvest in the market. TMS Network (TMSN) also enables traders to benefit from its user-friendly interface, facilitating platform navigation and trading execution.
TMS Network’s (TMSN) provides training videos and materials to users to assist them in lowering the risk of trading losses and making educated decisions. The TMS platform also has a copy trading feature and trading signals allowing traders to benefit from the decisions of their more experienced peers.
TMS Network’s (TMSN) launched its presale in February 2023 and has already raised over $4 million from investors. TMS Network (TMSN) has also become a favourite of major crypto bulls after logging a growth rate of 2500% in its presale launch.
TMS Network’s (TMSN) has emerged as one of the most profitable crypto projects in 2023 and is expected to generate more profits as its user base continues to grow.
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