Early Bitcoin Whale Shifts to Ethereum in Landmark Move

PANews reports that blockchain analytics platform Lookonchain has tracked a major transaction by an early Bitcoin holder. The investor transferred 6,000 BTC—worth about $689.5 million—to acquire Ethereum. In total, the address has accumulated 278,490 ETH, valued at roughly $1.28 billion, with an average purchase price of $4,585 per ETH. The holder also maintains a long position of 135,265 ETH, estimated at $581 million.