High-Profile Bitcoin Ancient Whale Swaps ETH, This Morning Staking 544,981 ETH to Become Ethereum's Largest Individual Holder

BlockBeats News, August 26th, according to @mlmabc monitoring, the high-profile whale who switched from BTC to ETH has now sold a total of 22,142 BTC on Hyperliquid, worth $2.48 billion. Additionally, four days before starting to move to ETH, they also sold 3,000 BTC (approximately $336 million) via over-the-counter (OTC) trading.

The whale has accumulated a total of 544,977.69 ETH, worth $2.45 billion (calculated at BTC price $112,000 and ETH price $4,500). As of the time of writing, the whale has staked the 544,981 ETH they hold.

According to Arkham's data, the whale's total ETH holdings currently represent 0.452% of the total supply, making them one of the largest individual holders globally, with more ETH holdings than Bybit and Bitstamp, and over twice as much as Vitalik. Their holdings currently rank third, behind only Bitmine and SBET.