A Bitcoin OG has shifted $11.4 billion to Ether, holding $3.8 billion worth now. The whale sold 4,000 BTC for 96,859 ETH and deposited 1,000 BTC on a decentralized exchange. Whales diversifying to ETH as market matures, with $456 million worth bought by nine whale addresses in late August.

After President Trump signed the GENIUS Act in July, Ether gained momentum, hitting an all-time high of $4,946 on August 24. Currently trading at $4,389, down 1.2% in the last 24 hours. Analysts predict continued momentum for Ether amidst ETF flows heavily favoring Ethereum in August.

Bitcoin veterans diversifying holdings into Ether while recognizing the evolving crypto landscape. OG whales view Bitcoin as digital gold and Ether as offering yield via staking and exposure to smart contract economy. Diversification into Ether signifies crypto maturity with a diverse use case set.

Read more at Cointelegraph: Bitcoin Whale Buys More Ether as Market Matures