A prominent crypto whale, known for swapping $ETH holdings to $WBTC earlier this year, has reversed the transaction. On January 3, the whale exchanged 14,145.93 WETH for 492.16 WBTC, valued at $44.195 million, with an ETH/BTC exchange rate of 0.03479. On January 26, the whale swapped 578.66 WBTC back to 17,706.74 WETH, valued at $50.33 million, at an exchange rate of 0.03268.
This strategic move increased the whale's ETH holdings by 6.45%. Currently, the whale holds 17,707 WETH and 195.49 WBTC on-chain, with a total value of $67.38 million. The exact profit or loss from these transactions remains unclear.
Whale Reverses WETH to WBTC Swap, Increases ETH Holdings by 6.45%
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