Dormant Whale Returns After 8 Months: Drops $85.42 Million USDC to Buy 1,075 BTC in 4 Days

BlockBeats news, September 12th, according to EmberCN monitoring, a whale that previously liquidated 50,600 ETH at an average price of $2,921 at the end of last year, realizing a profit of approximately $19.02 million, re-entered the market to buy BTC after about 8 months of silence.

This whale has recently been continuously conducting cross-chain swaps through THORChain, investing a total of $85.42 million USDC over 4 days to buy 1,075.6 BTC, with an average cost of approximately $79,412, including about $170,000 in swap fees paid to THORChain.

Around September 9th alone, this address used $14.2 million USDC within 24 hours to buy 179.8 BTC, with an average transaction price of approximately $78,955.