UPDATE: Rotating whale converts 13,000 ETH as reallocation passes $100M
CIE News ·
Update to Whale reallocates 837.8 BTC into Ethereum positions via Hyperliquid
Based on reporting by Bitcoin.com News; not yet independently confirmed.
An ongoing rotation has seen a whale acquire another 13,000 ETH, pushing its total Bitcoin conversions beyond $100 million across multiple venues since October 11.
A crypto whale has converted Bitcoin assets to acquire an additional 13,000 Ethereum (ETH) valued at roughly $32.59 million, according to KuCoin. The swap forms part of a wider pattern that follows earlier reporting of the whale rotating 837.8 BTC into Ethereum positions on Hyperliquid. Onchain tracking cited by KuCoin indicates the entity has cumulatively converted 39,800 ETH from Bitcoin assets since October 11, surpassing $100 million in total swaps executed across multiple cross-market venues and decentralized platforms beyond Hyperliquid alone.
Key facts
- 13,000 ETH acquired
- $32.59M transaction value
- 39,800 ETH bought since Oct 11
- Over $100M total converted
Read the original at Bitcoin.com News