# UBTC-to-Ether Whale Swaps Bitcoin for 3,038.73 Ether in One Hour

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/37305
Published: 2026-10-22T01:55:20.000Z
Updated: 2026-10-22T01:55:20.000Z
Section: Investing

> The conversion was valued at $7.5 million. The trader’s ETH swaps since Oct. 11 exceeded $115 million, at an average price of $2,513.11 per ETH.

A trader described as the UBTC-to-Ether whale exchanged Bitcoin (BTC) for 3,038.73 Ether (ETH) during the hour before 10:12 a.m. ET (14:12 UTC) Wednesday, taking the trader’s cumulative ETH acquisitions since Oct. 11 above 46,100.

The one-hour conversion was valued at $7.5 million and moved through three addresses. Across the broader sequence, the trader swapped for more than $115 million in ETH at an average price of $2,513.11 per ETH.

The one-hour and cumulative figures describe different spans: 3,038.73 ETH covers the hour before the update, while the 46,100-plus ETH total counts activity since Oct. 11. The average price applies to the broader sequence, not just the single conversion. The reported one-hour conversion is part of that cumulative tally.

The transaction represents a shift from Bitcoin into Ether: BTC was exchanged, and ETH accumulated. The ETH tally measures the amount received, while the dollar figures describe its reported value.