Mysterious investor swapped $460 million worth of bitcoin for Ethereum! Here’s how it turned out
Jakarta, Pintu News – In today’s digital age, big moves in the cryptocurrency world always attract attention. Recently, a long-time Bitcoin investor in the crypto world, known as the ‘whale’, has made a big decision by selling his Bitcoin (BTC) to buy a huge amount of Ethereum .
Big Deals in the Crypto World
An unidentified Bitcoin (BTC) whale has sold as much as 4,000 BTC, which is worth around $460 million, to buy Ethereum (ETH). According to data from blockchain tracking firm Lookonchain, the whale now owns 179,448 ETH purchased at an average price of $4,490 per ETH.
This represents a bold investment strategy amidst the never-ending fluctuations in the crypto market. This large investment not only shows confidence in Ethereum (ETH), but also marks a possible shift in crypto asset preferences among large investors.
With purchases totaling around $806 million, this move could be indicative of an upcoming trend where Ethereum (ETH) may gain more traction than Bitcoin (BTC).
Also Read: Dogecoin (DOGE) Price Prediction: 3 Key Levels to Watch This Week
Market Reaction and Ethereum Accumulation Trend
The cryptocurrency market responded in different ways to this huge transaction. Ethereum (ETH) itself saw an increase in value, with the price per unit almost hitting an all-time record high of $4,946. This shows that large buy and sell actions by whales can have a significant impact on market prices.
In addition, Lookonchain also reported that there are several other wallets associated with the Ethereum treasury company, Bitmine Immersion (BMNR), which has also purchased an additional 9,613 ETH worth $45.6 million. This suggests that not only individual investors, but also corporate entities are starting to increase their Ethereum (ETH) stocks, perhaps as part of an asset diversification strategy or long-term price speculation.
Speculation and Future Potential
With this large transaction, many analysts and market watchers have started speculating about the potential future of Ethereum (ETH). Some believe that Ethereum (ETH) might overtake Bitcoin (BTC) as the most valuable crypto asset in terms of market capitalization. This is supported by the constant innovation and development on the Ethereum (ETH) platform, including the upcoming transition to Ethereum 2.0 which aims to improve scalability and efficiency.
In addition, the accumulation of Ethereum (ETH) by new and unidentified wallets also adds to the mystery and speculation in the market. Five newly created wallets have accumulated 19,332 ETH worth $92 million in the past two days, indicating that interest in Ethereum (ETH) is not only limited to existing investors, but also attracts new investors who see potential in the long run.
Crypto Investment Paradigm Shift
This large transaction by a Bitcoin (BTC) whale may mark the beginning of a paradigm shift in cryptocurrency investment. With more capital being diverted from Bitcoin (BTC) to Ethereum (ETH), perhaps we will witness a power shift in the crypto ecosystem. Only time will tell how this will affect market dynamics and strategy choices by other investors in the future.
Also Read: Ethereum (ETH) Prepares to Surge Again: Will History Repeat itself in September 2025?
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Daily Hodl. Unknown Bitcoin OG Sells Coins to Buy $806,000,000 Worth of Ethereum (ETH) – LookOnChain. Accessed on August 27, 2025
