coin-img-ETHETH-4.02%coin-img-BTCBTC-2.70%coin-img-UCNUCN+0.37%coin-img-SOLSOL-7.08%coin-img-XRPXRP-4.10%coin-img-USDCUSDC-0.03%coin-img-DOGEDOGE-6.34%coin-img-ADAADA-7.16%coin-img-ETHETH-4.02%coin-img-BTCBTC-2.70%coin-img-UCNUCN+0.37%coin-img-SOLSOL-7.08%coin-img-XRPXRP-4.10%coin-img-USDCUSDC-0.03%coin-img-DOGEDOGE-6.34%coin-img-ADAADA-7.16%coin-img-ETHETH-4.02%coin-img-BTCBTC-2.70%coin-img-UCNUCN+0.37%coin-img-SOLSOL-7.08%coin-img-XRPXRP-4.10%coin-img-USDCUSDC-0.03%coin-img-DOGEDOGE-6.34%coin-img-ADAADA-7.16%coin-img-ETHETH-4.02%coin-img-BTCBTC-2.70%coin-img-UCNUCN+0.37%coin-img-SOLSOL-7.08%coin-img-XRPXRP-4.10%coin-img-USDCUSDC-0.03%coin-img-DOGEDOGE-6.34%coin-img-ADAADA-7.16%

On-Chain Analysis: Crypto Whale Swaps $131M BTC for ETH Using THORChain

BlockBeats reported on December 11 that on-chain data analyst Yu Jin identified a substantial cross-chain transaction. Over a two-week period leading up to this identification, a significant crypto whale or institutional entity executed a swap, converting 1,469 Bitcoin (BTC) into 43,647 Ethereum (ETH) via the decentralized THORChain protocol. This transaction was valued at approximately $131 million, with the Ethereum acquired at an average price of $3,000 per ETH. This event underscores the growing utility of decentralized cross-chain liquidity protocols for large-scale asset rebalancing and strategic portfolio adjustments within the cryptocurrency market.
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BTC-2.73%
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ETH-4.04%
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