A significant whale transaction occurred on November 25, involving the exchange of 163 BTC for 4,717 ETH via THORChain, valued at $14.68 million. The swap was executed at an ETH price of $3,011. This transaction is part of a broader trend, with the same whale converting a total of 1,632 BTC into 48,364 ETH since the same date, amounting to $145 million. The ETH price continues to be a critical factor as cross-chain activity increases.