The wallet identified by on-chain analyst Ai Yi sold the tokens about 10 hours ago at $1,658.68 each after previously deploying most of its Ether in Aave and other DeFi protocols for yield.
A wallet tracked by on-chain analyst Ai Yi sold 3,000 ETH about 10 hours ago at $1,658.68 apiece, for a total value of $4.98 million. The address, identified as 0x157…eF5da, has holdings that can be traced back three years. Over that period, most of its Ether had previously been staked in DeFi (decentralized finance) protocols such as Aave to generate yield, indicating the sale came from a longer-term holder rather than a newly funded trading wallet.