An unidentified crypto buyer purchased 3,000.5 Ether (ETH) worth $7.06 million beginning October 23. The buyer then converted the Ether into Bitcoin (BTC) using THORChain, a cross-chain protocol that enables asset swaps across different blockchains. The funds used to acquire the Ether originated from Tornado, a privacy-focused service. Earlier in the year, the buyer traded Ether at higher prices in January and September before making the October purchase at a lower price, indicating strategic timing in their trades.
The story about an unidentified entity buying and swapping 3,000.5 Ether provides context for crypto market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 25, 2026 20:41 WIB: out of 50 major cryptocurrencies, 6 rose and 42 fell. Notable movers include THETA at Rp3.329 with a 1-day change of -4.67% and 100% buy order activity, EGLD at Rp57.917 with a 1-day change of -4.57%, and ENJ at Rp444 with a 1-day change of -4.28% and 100% sell order activity.
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