Crypto Whale Swaps 102 Bitcoin for 3,489 Ether via THORChain
A whale executed a $7.23 million trade, swapping 102 BTC for 3,489 ETH through THORChain at a conversion rate of 0.02923 BTC–ETH on March 4.
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Summary
On March 4, a whale address exchanged 102 Bitcoin (worth $7.23 million) for 3,489 Ether via THORChain, a decentralized cross-chain liquidity protocol. The trade was executed at a conversion rate of 0.02923 BTC per ETH, highlighting the ongoing trend of large-scale crypto movements through decentralized platforms.
Terms & Concepts
- THORChain: A decentralized cross-chain liquidity protocol that allows users to swap assets between different blockchains without intermediaries.
- Whale: A term describing an individual or entity holding large amounts of cryptocurrency capable of influencing market prices.
- OnchainLens: A blockchain analytics platform that tracks and reports on-chain transactions and large-scale crypto movements.