🚀🚀Celebrity Trying to Pay Off Debt: Swapped a Total of 10,000 Ethereum! 🚀🚀
James Fickel, one of the well-known names in the cryptocurrency world, has started to take a position against Ethereum (ETH).
According to data provided by the blockchain analysis platform Spot On Chain, James Fickel converted 3,500 Ethereum (approximately $12.1 million) into 122.67 Wrapped Bitcoin (WBTC) in the last 12 hours.
Is He Trying to Pay Off His Debt?
In the last two days, Fickel swapped a total of 10,000 ETH ($34.6 million) for 358.3 WBTC. These transactions took place during a period when the Ethereum/Bitcoin (ETH/BTC) rate was 0.0358.
According to Spot On Chain, this conversion may be aimed at reducing Fickel's debt on the Aave platform. It is stated that Fickel's current debt is 452.6 WBTC (approximately $45 million). For this reason, he may have restructured his positions by converting his Ethereum assets to Bitcoin.
Ethereum has performed less well than other altcoins this year. However, some experts predict that the leading altcoin will make up for these losses next year. Bitwise investment director Matt Hougan describes 2025 as the "comeback year" for Ethereum.
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