TREE NEWS reports: A single whale address spent 85.42 million USDC to buy 1,075.6 BTC over four days, at an average cost of $79,412 per coin, including about $170,000 in swap fees paid to THORChain. The most recent cross-chain purchase was completed two hours before the data was reported on September 12.
Whale Buys 1,075.6 BTC for $85.42M USDC Over Four Days
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AI take
The notable detail is not the size of the position but the route: a single buyer absorbing over a thousand coins across four days and paying meaningful fees to THORChain suggests cross-chain execution is being used for accumulation at scale. That matters for anyone watching where large, deliberate spot demand originates and settles. Whether this address keeps adding from the same venue, or whether similar flows follow, is the open question.
Generated by AI for reference only.
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