PANews reported on January 3 that, according to on-chain analyst Ember, a whale who has held ETH for four years has switched its ETH holdings to BTC today: it has sold 14,145 ETH (US$44.3 million) and exchanged them for 492 WBTC at an exchange rate of 0.03478, with an average cost of US$90,014 for WBTC.
Four years ago (early 2022), the whale withdrew and hoarded 22,344 ETH (US$65.15 million) from exchanges such as Kraken, Bitfinex, and Poloniex, at an average price of US$2,916.

![[Ask the Tax Whiz] New VAT rules for registered business enterprises in the Philippines](https://www.rappler.com/tachyon/2026/04/Screenshot-2026-04-20-at-11.30.39-AM.png?resize=75%2C75&crop_strategy=attention)
