PANews August 22 news, according to Spot On Chain monitoring, two OG whales holding large amounts of Bitcoin made significant asset adjustments in the past two days, shifting their investment focus to Ethereum:

Sold 4,621.9 Bitcoins through 3 wallets, worth approximately $523.5 million;

Acquired and stored 82,398 Ethereums, worth approximately $353.65 million;

Opened long positions totaling 135,265 Ethereums on the Hyperliquid platform, worth approximately $583.7 million, with a liquidation price range of $3,487.4 to $3,612;

Currently still holding 84,645 Bitcoins, with a total value of approximately $9.55 billion, distributed across 7 wallets.