Whale Swaps 1,469 BTC for 43,647 ETH Using THORChain

A large holder exchanged $131 million in Bitcoin for Ethereum at an average price of $3,000 over two weeks through THORChain.

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Summary

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Terms & Concepts
  • THORChain: A decentralized liquidity protocol enabling cross-chain cryptocurrency swaps without the need for centralized exchanges.
  • Whale: A term used in cryptocurrency markets to describe an individual or institution holding large amounts of a digital asset.
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract execution.