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Whale Spends $10 Million to Acquire 2,123 ETH at $4,710

Whale Spends $10 Million to Acquire 2,123 ETH at $4,710

A Bitcoin whale has sold $759 million worth of BTC and invested $773 million in Ethereum, continuing to adjust its portfolio in the crypto markets.

BTC
ETH

Summary

A Bitcoin whale has sold 7,000 BTC, worth approximately $759 million, and acquired 171,791.84 ETH, valued at around $773 million, over the past 46 hours. The whale's wallet still holds 3,000 BTC and has shifted significant assets into Ethereum, having previously sold 34,110 BTC and purchased 813,298.84 ETH in the past 11 days.

Terms & Concepts
  • Whale: A term used in cryptocurrency markets to describe large holders of a particular cryptocurrency, who can influence its price with their trades.
  • BTC: Bitcoin (BTC) is the first decentralized cryptocurrency and the largest by market capitalization, used primarily as a store of value or medium of exchange.
  • ETH: Ethereum (ETH) is a decentralized platform that runs smart contracts and decentralized applications (dApps), with its cryptocurrency used for transaction fees and as a store of value.