Unidentified Whale or Institution Sells 1,312 Bitcoin to Buy 43,275 Ether

An unidentified whale or institution exchanged 1,312.1 Bitcoin (BTC) for 109.1 million USDC over four days and used the stablecoin to buy 43,275 Ether (ETH), leaving an unrealized loss of $4.15 million. The purchases averaged $2,521 per ETH. USDC is a dollar-pegged stablecoin, but the reported amounts are denominated in USDC rather than dollars. Over the past day, the whale or institution exchanged 237.8 BTC for 19.7 million USDC and bought 7,929 ETH with the stablecoin. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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