A Bitcoin whale has accumulated 837,429 ETH, valued at $3.85 billion, after selling 4,000 BTC in a strategic shift towards Ethereum during market turbulence.
A Bitcoin whale, associated with dormant wallets containing $11 billion in Bitcoin, sold 4,000 BTC for $435 million and bought 96,859 ETH, valued at $433 million. This transaction extends the whale's ongoing rotation from Bitcoin to Ethereum, which has seen significant price gains. Ether has outperformed Bitcoin, rising nearly 24% in the last month. Another whale, Longling Capital, also resumed Ethereum accumulation with a $30.6 million purchase of 7,000 ETH.