Whale Trades $104 Million in Bitcoin for Staked Ether

A significant cryptocurrency whale has been active in the market over the past six days, exchanging large amounts of Bitcoin for Ether.

The whale sold a total of 1,308 Bitcoin, worth around $104 million at the time of the transactions, and used the proceeds to buy 40,670 Ether.

The most notable trade occurred on September 22, when the whale exchanged 200.71 Bitcoin for 6,247 Ether, with each side of the trade valued at approximately $17.2 million.

Notably, all of the purchased Ether was staked, suggesting that the whale prefers staking over short-term trading.