{"id":90662,"date":"2025-08-23T04:01:12","date_gmt":"2025-08-23T04:01:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=90662"},"modified":"2025-08-23T04:01:12","modified_gmt":"2025-08-23T04:01:12","slug":"this-bitcoin-og-dumps-btc-for-ethereum-after-7-years-of-silence","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=90662","title":{"rendered":"This Bitcoin OG Dumps BTC for Ethereum After 7 Years of Silence"},"content":{"rendered":"

A Bitcoin wallet from several years ago showed activity just today, selling at a substantial profit and shifting strategies towards the second-largest crypto asset by market capitalization.<\/p>\n

Ethereum, the asset of choice, has meanwhile been garnering considerable attention from institutions and retail investors alike.<\/p>\n

Change of Heart<\/h2>\n

A dormant BTC whale has resurfaced today, as reported<\/a> by the Lookonchain market watcher page. The team traced the original purchase from seven years ago, when the wallet received 100,784 BTC (~$642M), which was sold for Ethereum (ETH) today.<\/p>\n

At the start of 2018, the leading cryptocurrency was trading at roughly one-tenth of its current price (approximately $113,000 now, compared to around $13,000). If we assume that they bought in at that price, this has netted them a tremendous 1,613% return on the investment.<\/p>\n

The trader purchased 62,914 ETH (~$267 million) from the spot market using their substantial earnings and opened a long position of 135,265 Ether, worth approximately $577M.<\/p>\n

The blockchain trackers noted<\/a> another holder from 2018 who sold their Bitcoin on Hyperliquid to buy ETH. The data shows that the wallet originally received 85,947 bitcoins at that time, worth approximately $547 million, and they believe it\u2019s the same entity.<\/p>\n

A total of 6 BTC-containing wallets were identified, which hold the impressive 83,585 units, valued at around $9.42 billion, considering the prices at the time of printing.<\/p>\n

ETH in The Spotlight<\/h2>\n

The top altcoin has been receiving significant attention in 2025, currently up over 60% from the same time last year and trading at around $4,300. This is a modest 8.5% decrease from the recent local peak of over $4,700 it achieved<\/a> last week, according to data from CoinMarketCap.<\/p>\n

<\/a>Source: CoinMarketCap<\/strong><\/p>\n

Institutions are pouring capital into the recently\u00a0emerged trend of ETH treasury companies, along with exchange-traded funds (ETFs). Notably, Tom Lee\u2019s BitMine leads<\/a> treasuries, while BlackRock\u2019s iShares Ethereum Trust ETF has the lion\u2019s share among the funds<\/span>.<\/p>\n

The entities hold 1.5 million ETH and 3.54 million ETH, respectively, in their coffers, and current data from StrategicEthReserve indicates that over $44 billion in Ether is split between treasuries and ETFs, representing almost 9% of the total supply.<\/p>\n

<\/a>Source: SER<\/strong><\/p>\n

The post This Bitcoin OG Dumps BTC for Ethereum After 7 Years of Silence<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A Bitcoin wallet from several years ago showed activity just today, selling at a substantial profit and shifting strategies towards the second-largest crypto asset by market capitalization. Ethereum, the asset of choice, has meanwhile been garnering considerable attention from institutions and retail investors alike. Change of Heart A dormant BTC whale has resurfaced today, as […]<\/p>\n","protected":false},"author":0,"featured_media":90663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90662"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90662"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90663"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}