Add as a preferred source on GoogleWhale or Institution Sells 1,847.3 Bitcoin to Buy 63,731 Ether
The buyer converted 153 million USD Coin over 11 days. Its latest 24-hour purchases totaled 10,636 ETH, with an average price of about $2,400 per token.
An unidentified whale or institution sold Bitcoin (BTC) to buy Ether (ETH), with 11-day totals reaching 1,847.3 BTC sold and 63,731 ETH acquired.
The entity sold 246.2 BTC, valued at $20.36 million, during the latest 24-hour period and purchased 10,636 ETH. Across the 11 days, it converted the BTC sales into 153 million USD Coin (USDC) and used the stablecoin to buy Ether. The purchases averaged about $2,400 per ETH.
USDC is a dollar-pegged stablecoin designed to track the U.S. dollar. The current figures extend an earlier five-day tally of 1,601.1 BTC sold and 53,095 ETH bought. That update recorded 288.9 BTC sold for 23.48 million USDC and 9,820 ETH bought in its latest 24-hour period. The difference between those earlier totals and the current 11-day figures is 246.2 BTC sold and 10,636 ETH bought, matching the latest daily amounts.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.