"The whale who held ETH for 4 years and switched to WBTC" has once again converted WETH back to WBTC, earning 9.26 WBTC this time.

2026-01-27 03:24:48

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PANews January 27 News, according to on-chain analyst @ai_9684xtpa monitoring, “The whale that has been holding ETH for 4 years and switching to WBTC” has once again swapped WETH back to WBTC, suspected of moving over $50 million back and forth to manipulate the exchange rate.

January 03: Swapped 14,145.93 WETH for 492.16 WBTC (USD 44.19 million), ETH/BTC exchange rate 0.03479. January 26: Swapped 578.66 WBTC back to 17,706.74 WETH (USD 50.33 million), ETH/BTC exchange rate 0.03268. January 27: Swapped 17,706.74462 WETH for 587.92 WBTC (USD 51.46 million), ETH/BTC exchange rate 0.0332.

Last time, the ETH amount in the swap increased by 6.45%, and this time, it earned 9.26 WBTC (about USD 810,000).

ETH0.56%

WBTC-0.4%

BTC-0.44%

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