Whale Sells 1,308 Bitcoin, Buys 40,670 Ether and Stakes Entire Haul
Summary
- A cryptocurrency whale swapped $104 million worth of Bitcoin for Ether over the past six days.
- The whale sold 1,308 Bitcoin and bought 40,670 Ether.
- All of the purchased Ether was put into staking.
Forecast Trend Report by Period
A cryptocurrency whale swapped $104 million worth of Bitcoin for Ether over the past six days and staked all of the purchased tokens, on-chain analytics firm Lookonchain said.
Lookonchain said on September 22 that the whale exchanged 200.71 Bitcoin for 6,247 Ether that day. Each side of the transaction was worth about $17.2 million.
Over the six-day period, the whale sold a total of 1,308 Bitcoin and bought 40,670 Ether. The Bitcoin sold was worth a combined $104 million at the time of the trades.
All of the acquired Ether was then staked, according to the data. The move points to continued staking demand rather than short-term trading.
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