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Institution Sells Additional 4,000 ETH Worth $16.65 Million

According to on-chain analyst Yu Jin, the address purchased 10 million DAI worth of ETH within the past hour and has spent 18.64 million DAI today at an average price of $4,154.

ETH
DAI

Summary

On August 20, on-chain analyst Yu Jin reported that the Radiant Capital hacker address continued buying ETH, acquiring 10 million DAI worth within the past hour. In total today, the address spent 18.64 million DAI to purchase 4,487.8 ETH at an average price of $4,154.

Terms & Concepts
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.
  • DAI: A U.S. dollar-pegged stablecoin issued by MakerDAO, designed to maintain a near 1:1 value with USD.
  • On-chain analyst: A researcher who examines blockchain transaction data to identify and report wallet activity and fund flows.