Whale swapping UBTC for ETH moves 3,038.73 ETH worth $7.5M in an hour
- —3,038.73 ETH worth $7.5M swapped via three addresses in one hour
- —Cumulative swaps since Oct. 11 exceed 46,103.3 ETH
- —Total value of the conversions tops $115 million
- —Average exchange price was $2,513.11 per ETH
Why it matters: Large UBTC-to-ETH conversions by a single whale may signal shifting preferences among institutional holders.
Source: PANews