Blockchain tracker Lookonchain said a whale made another large BTC-to-ETH rotation on the latest observed day, swapping 200.71 BTC for 6,247 ETH. Based on the figures cited in the post, that transaction was worth about $17.2 million. Over the past six days, the same whale has converted a total of 1,308 BTC into 40,670 ETH, with the cumulative value put at roughly $104 million. Lookonchain also said the whale has staked all of the ETH acquired during that period. The update points to a sizable portfolio shift from Bitcoin into Ether, followed by full deployment of the received ETH into staking.
According to Lookonchain, a whale on the latest observed day swapped another 200.71 BTC for 6,247 ETH, a transaction valued at about $17.2 million based on the figures cited in the post.
Over the past six days, the same whale has converted a total of 1,308 BTC into 40,670 ETH, worth about $104 million, and has staked all of the ETH acquired in that period.
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