High-Profile BTC Whale Converts 2,000 BTC into 49,850 ETH — Address Now Holds 691,358 ETH ($3B)

On August 30, COINOTAG reported, citing LookIntoChain monitoring, that a prominent BTC whale with an Ethereum-focused profile executed a sizable portfolio rotation: selling approximately 2,000 BTC (valued at roughly $221 million) and acquiring about 49,850 ETH (around $219 million) within a 12-hour window. On-chain records indicate the address now holds roughly 691,358 ETH, representing an aggregate position valued near $3 billion. These verified transaction logs offer concrete insight into large-holder behavior, with implications for ETH accumulation metrics and short-term liquidity dynamics, while stopping short of ascribing motive beyond the observable transfer activity.

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