Lookonchain: Whale Swaps 686 Bitcoin (BTC) for 19,631 Ether (ETH) Worth $65.16M
Onchain Lens reports a whale’s $65 million swap from Bitcoin to Ethereum, marking one of the largest recent single-holder transactions in the crypto market.
BTC
ETH
Summary
According to Onchain Lens, a whale exchanged 323.26 Bitcoin (BTC) worth $31.15 million for 9,240.6 Ether (ETH) on January 16. In total, the whale swapped 686 BTC valued at $65.16 million for 19,631 ETH, averaging $3,319 per ETH. This sizable transaction underscores notable activity by a major crypto holder.
Terms & Concepts
- Whale: A large holder whose trades can influence market price or liquidity.
- Bitcoin (BTC): The largest cryptocurrency by market value, used here as the asset exchanged.
- Ether (ETH): The native cryptocurrency of the Ethereum blockchain, received in the trade.