Whale's Massive Swap Sparks Market Interest
According to on-chain data analysis, a mysterious whale recently executed another large-scale asset swap. This time, the user converted 323.26 BTC (worth approximately $31.15 million) into 9,240.6 ETH, continuing its pattern of cross-chain transactions via decentralized protocols.
Frequent User of ThorChain
Past records show this entity has repeatedly used ThorChain for significant asset conversions. So far, this whale has swapped a total of 686 BTC into 19,631 ETH via the platform, with the total value reaching $65.16 million at current market prices.
BTC and ETH Portfolio Strategy
Notably, the average exchange rate for this swap was $3,319 per ETH, closely matching the market price at the time, indicating a strategic portfolio adjustment rather than short-term arbitrage.
- Latest Swap: 323.26 BTC → 9,240.6 ETH
- Total Conversion: 686 BTC → 19,631 ETH
- Total Value: $65.16 Million
As the decentralized finance ecosystem continues to evolve, cross-chain asset swaps like these may become more common, making whale movements increasingly significant to track.