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Wallet Was Swapping 493.15 Ether for Estimated 14.5 Bitcoin on THORChain

The Ether was valued at about $1.10 million, while the estimated Bitcoin output was worth about $1.09 million at the time of the observation.

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Two metal tokens pass through a compact interlocking steel gate / TokenPost.ai
Two metal tokens pass through a compact interlocking steel gate / TokenPost.ai

At the time of a Nov. 7 ET observation, a large wallet was swapping 493.15 Ether (ETH) for an estimated 14.5 Bitcoin (BTC) through THORChain.

The Ether was valued at about $1.10 million, while the estimated Bitcoin output was worth about $1.09 million. ETH was priced at $2,234 and BTC at $75,737 at the time of the observation. The swap was still in progress, leaving the BTC amount as an estimate.

THORChain enables swaps between assets on different blockchains.

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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