Bitcoin-Selling Whale Turns to Ethereum Again, Buys Top $55 Million

A whale selling Bitcoin to buy Ethereum has purchased a total of $55.24 million worth of ETH across two batches of transactions reported by Lookonchain.

According to a post by on-chain data platform Lookonchain, the whale most recently sold 229 Bitcoin for $19.1 million and then bought 7,469.8 Ethereum for the same value. The investor, who had previously sold Bitcoin to shift into Ethereum, continued buying.

Ethereum purchases exceed 21,000 ETH

An earlier post said the whale had sold 410.14 BTC for $34.16 million on Hyperliquid and bought 14,341 ETH for $36.14 million from decentralized exchanges.

Across the transactions reported in the two posts, Bitcoin sales totaled 639.14 BTC, while Ethereum purchases reached 21,810.8 ETH. Based on the values given at the time of the transactions, total Bitcoin sales amounted to $53.26 million and Ethereum purchases to $55.24 million.