Bitcoin Whale Awakens After Seven Years of Dormancy, Converts Holdings to $270 Million Worth of Ethereum
According to a report by Jinse Finance, citing @TheBlock__, a Bitcoin wallet that had been dormant for seven years recently became active again, selling most of its Bitcoin holdings and purchasing Ethereum. The wallet initially received 100,784 Bitcoins and recently bought 62,914 Ethereum (worth $270 million) on the spot market, while also establishing a long derivatives position of 135,265 Ethereum (worth $580 million).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum’s Market Capitalization Surpasses Mastercard Once Again
ETHZilla shares plunge over 31% intraday in US market, market cap falls to $511 million
Top HYPE Holders Are Going Long on XPL, Holding $5.2 Million in Long Positions
"Big Brother Machi" Holds Over $4.7 Million in Unrealized Profits on Ethereum Long Positions
Trending news
MoreCrypto prices
More
