Whale holding 80,157 ETH suspected of selling 75.03 WBTC and KBTC for $6.2M
- —Wallet has accumulated 80,157.67 ETH since March 11 without reducing the position
- —75.03 WBTC and KBTC moved out, valued at $6.2M at an average of $78,068.55
- —Potential profit on the wrapped bitcoin tokens is about $346,000
- —Unrealized gain on the ETH holdings is estimated at $30.79 million
Why it matters: Large whales rotating out of wrapped bitcoin into ETH may signal shifting preferences toward Ethereum among major holders.
Source: TokenPost