Three new wallets buy 25,425 Ether for 50.04 million DAI in two hours
Lookonchain said the wallets, likely tied to the same whale, accumulated ETH at an average price of $1,968 over the past two hours.
ETH
DAI
Fact Check
The claim is directly traceable to the originating source, Lookonchain's own X post (status 2081663349771972860), which states the exact figures: 3 newly created wallets, likely the same whale, spent 50.04M DAI to buy 25,425 ETH at an average price of $1,968 over 2 hours. BlockBeats and Binance Square independently report the identical figures. All details of the claim are confirmed by the primary source and corroborated by secondary reporting.
Summary
Three newly created wallets spent 50.04 million DAI to purchase 25,425 Ether over the past two hours, in what Lookonchain said was likely coordinated buying by a single whale. The wallets acquired ETH at an average price of $1,968 each, suggesting a large investor used multiple fresh addresses to build a position while limiting immediate visibility. DAI is a dollar-pegged stablecoin, often used by crypto traders to move capital onchain without leaving the digital-asset market.
Terms & Concepts
- DAI: A dollar-pegged stablecoin used in crypto markets.
- whale: A holder or trader with enough capital to influence market activity.
- wallets: Blockchain addresses used to hold and transfer digital assets.