Trader dumps $46 million in Bitcoin for rival
A prominent crypto investor, believed to be a "whale" holding a large position, has recently shifted a significant portion of their Bitcoin portfolio into Ethereum. According to blockchain analytics platform Lookonchain, this individual recently sold 602 BTC and bought 18,780 ETH on Hyperliquid, two decentralized trading platforms.
The combined value of these transactions amounts to approximately $45.83 million. As of the time of this report, Bitcoin's price stands at around $81,001, a 5.5% increase over the past 24 hours, while Ethereum hovers around $2,594, also showing a 5% gain. This shift comes amid a broader rebound in the crypto market and as U.S. regulators continue to advance various crypto-related initiatives.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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