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Whale Converts Bitcoin Into Ether Worth About $7.5 Million

Conversions since Oct. 11 have topped 46,103.3 ETH, valued above $115 million.

Updated 1 min read
A diagram shows Bitcoin value moving through three blockchain addresses into Ether on a neutral field. / EconoTimes.ai
A diagram shows Bitcoin value moving through three blockchain addresses into Ether on a neutral field. / EconoTimes.ai

Conversions by an unidentified crypto holder have topped 46,103.3 Ether (ETH) since Oct. 11, with the latest move involving 3,038.73 ETH valued at about $7.5 million after a shift from Bitcoin (BTC).

The latest move involved three addresses over about an hour. The $7.5 million estimate refers to the Ether received in that conversion.

The full conversion run is valued above $115 million and has an average acquisition price of $2,513.11 per ETH. Those figures cover conversions since Oct. 11; the $7.5 million estimate applies only to the latest 3,038.73 ETH.

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