A certain whale swapped WBTC back to WETH, increasing ETH holdings by 6.45%

WBTC-2,48%
ETH-3,12%

Odaily Planet Daily reports that on-chain analyst Ai Yi monitored that a certain whale (0x455…433E), who had been holding ETH for 4 years at the beginning of the year, recently swapped WETH back to WBTC. The address exchanged 14,145.93 WETH for 492.16 WBTC on January 3rd at a ratio of 0.03479, worth 44.195 million USD; on January 26th, it swapped 578.66 WBTC back to 17,706.74 WETH at a ratio of 0.03268, worth 50.33 million USD. This operation increased its ETH holdings by 6.45%. Currently, the address holds 17,707 WETH and 195.49 WBTC on-chain, with a total value of 67.38 million USD.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

The U.S. Treasury Secretary angrily criticized the FT for "fabricating content" and denied ever supporting a model based on the Bank of England.

U.S. Treasury Secretary Scott Bessent criticized the Financial Times report about his support for a accountability mechanism similar to that of the Bank of England, calling it "a complete fabrication." He emphasized that he had not proposed any related plans and expressed disdain for the Bank of England's communication mechanism. This incident reflects the sensitivity of the U.S. regarding the independence of its monetary policy, and it could impact the cryptocurrency market.

GateNews7m ago

Ethereum ETF sees over $390 million in net outflows for seven consecutive days: Institutional retreat or bottom signal?

In March 2026, Ethereum ETFs experienced a reversal of funds, with net outflows exceeding $390 million within 7 days, indicating a contraction in institutional risk appetite. The rapid switching between outflows and inflows signifies strategy adjustments influenced by geopolitical and macro changes. Although short-term outflows suppress prices, long-term supply and demand trends along with institutional accumulation may bring resilience.

GateNews10m ago

$15.1 billion in crypto options expire today: Bitcoin and Ethereum may face a significant volatility window.

The largest-scale crypto options settlement of the first quarter of 2026 is about to arrive, with the nominal value of Bitcoin and Ethereum options totaling $15.15 billion. Market sentiment is cautious, and long positions are in the lead. The settlement may trigger a price mean-reversion effect, so the market needs to watch subsequent volatility and how changes in the options structure affect price.

GateNews18m ago

"Ma Ji" increases ETH long positions and establishes new BTC and HYPE long positions.

BlockBeats news, on March 27, according to monitoring by HyperInsight, "Maji" increased its ETH long position to 3,375 coins, approximately worth 6.9 million dollars. It also established new long positions of 10 BTC and 12,888.88 HYPE, with the current long position value of the account being approximately 8.08 million dollars. The account has accumulated a total loss of 30.8 million dollars.

BlockBeatNews19m ago

Predictive market trading volume exceeds $6.4 billion, Polymarket and Kalshi compete for dominance.

The prediction market is heating up, with the total trading volume in the latest week reaching $6.41 billion, a month-over-month increase of over 11%. Kalshi and Polymarket have become the market leaders with transaction volumes of $3 billion and $2.5 billion, respectively. The two have formed a "dual-track parallel" development due to their differentiated positioning in compliance and blockchain architecture. Overall activity levels show divergence, reflecting the sensitivity of the prediction market to external events. Future growth will depend on product innovation and regulatory clarity, which could become a bridge between traditional finance and blockchain.

GateNews31m ago

Bitmine Launches MAVAN With $6.8B in Staked Ethereum

Bitmine has launched the MAVAN platform for institutional Ethereum staking, with over 3.1 million ETH staked, aiming for $300M in annual rewards. The platform focuses on security and performance, planning to expand into more proof-of-stake networks.

CryptoFrontNews40m ago
Comment
0/400
No comments