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One Address Sells 58.57 Wrapped Bitcoin (WBTC) for About $4.78 Million

The sale took place over eight hours. The reported average price was $81,620 per token.

Updated 1 min read
A graphic depicts Wrapped Bitcoin on a screen during a reported token sale. / EconoTimes.ai
A graphic depicts Wrapped Bitcoin on a screen during a reported token sale. / EconoTimes.ai

One blockchain address sold 58.57 Wrapped Bitcoin (WBTC) for about $4.78 million on Oct. 20, in a reported sale of tokens used for on-chain trading and lending.

The sale unfolded over eight hours. The reported average sale price was $81,620 per token.

Each WBTC is backed by one Bitcoin (BTC), allowing the token to be used in blockchain-based lending and trading.

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