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Unidentified Entity Buys 3,000.5 Ether, Then Swaps It for Bitcoin

The funds used to buy Ether came from Tornado. The entity sold ETH at $3,109 in January and $2,679 in September before buying again at $2,353 in October.

By Enna Lee
Published
Mentioned assets
A silver token crosses a steel chain bridge toward a copper token / TokenPost.ai
A silver token crosses a steel chain bridge toward a copper token / TokenPost.ai

An unidentified crypto entity bought 3,000.5 Ether (ETH) starting Oct. 23, with the purchases valued at $7.06 million.

The entity later exchanged the Ether for Bitcoin (BTC) through THORChain, a cross-chain protocol. The funds used to buy the Ether came from Tornado.

Earlier trades included Ether sales at $3,109 per token in January and $2,679 in September, followed by an October purchase at $2,353 per token.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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