A major whale purchased 4,862.95 ETH in two on-chain transactions, totaling $12.49 million

According to Jinse Finance, on-chain analyst @ai_9684xtpa has monitored that whale 0x160...a1cC2 purchased 4,862.95 ETH in two transactions on-chain, with a total value of $12.49 million and an average cost of $2,569 per ETH. Notably, the source of these funds previously swapped 411 BTC for 17,651.18 ETH (approximately $46.05 million) via ThorChain cross-chain transactions on May 21 and May 22. At that time, the ETH cost was $2,609.14 per coin. The whale then took advantage of the ETH price increase to sell decisively, earning an additional $104,000.