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A mysterious mega-whale is rotating billions from Bitcoin into Ether, signaling a broader shift as corporate and institutional investors boost ETH holdings.
A Bitcoin whale has been accumulating billions of dollars’ worth of Ether, surpassing the second-largest corporate treasury firm, signaling a growing rotation among large investors seeking cryptocurrencies with more upside potential.
A Bitcoin whale worth over $11 billion sold another $215 million worth of Bitcoin (BTC) to buy $216 million worth of spot Ether (ETH) on the decentralized exchange Hyperliquid.
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Following the latest buy, the whale now holds 886,371 Ether worth more than $4 billion, Lookonchain reported on Monday in an X post.