In a recent event in the crypto market, a Satoshi-era whale has significantly shifted their investments from Bitcoin to Ethereum, attracting the attention of analysts and traders.
Major Deal by the Whale
The Satoshi-era whale sold 3,968 BTC worth $437 million and purchased 96,531 ETH valued at $443 million, highlighting Ethereum's growing dominance in the market.
ETH Accumulated in One Week
Over the past week, this whale has accumulated 641,508 ETH, totaling approximately $2.94 billion. Such transaction volumes are rare even among major players in the cryptocurrency market.
Impact on the Crypto Market
This shift in direction between BTC and ETH may reflect changing sentiments among crypto veterans, potentially influencing overall market pricing and stimulating a broader rotation.
This move by the Satoshi-era whale could serve as a signal for other large holders, potentially impacting the overall market sentiment towards Ethereum.
