Wednesday, November 15, 2023 – A 400% gain for early DEX hunters from ETHETF Token is fueling a robust Ethereum ETF narrative in the crypto market after the new token launched on Uniswap yesterday. The token, which launched at 1pm GMT on Tuesday, quickly secured 4x gains for the earliest buyers. This surge in liquidity and volume signals the potential for even higher prices as news of its arrival spreads and the Ethereum narrative strengthens its hold on the market.
A little over 24 hours after its stealth launch, $ETHETF reached a market capitalization of over $2 million before finding support around $1.2 million. With $520,000 in liquidity locked in the Uniswap V3 pool for seven days, the token has established a solid foundation for trading with minimal price slippage.
The ETHETF Token website states the coin’s intention to be ahead of the curve before BlackRock’s spot ETF is brought to the market. This event is expected to cause a price explosion for Ethereum (ETH) and all associated coins.
To stay up to date with the latest developments in the ETHETF Token project, follow the X account and join the ETHETF Telegram group.
