Gate News bot message, a major cryptocurrency conversion has been reported by The Unit (@hyperunit) team. A Bitcoin OG has executed a substantial asset transfer, converting 19,663 BTC (valued at $2.22 billion) into 455,672 ETH through two separate entities.
The report details that 279,000 ETH (equivalent to $1.13 billion) has been staked. Additionally, the OG retains 176,616 ETH and maintains some BTC holdings on HyperLiquid, with plans for further BTC-to-ETH conversions.
The Unit team clarified in a related post: “As many have seen over the last few days, there are several very large wallets trading via Unit on HL. To be 100% clear, the user is unknown to us, and independently decided that this was the best decentralized venue for them to trade on.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
