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Ethereum Whale Purchases 2,512 ETH With 11 Million DAI

On-chain analyst Ai Yi reported that a large address acquired over 2,500 ETH at an average price of $4,377.76, later transferring the assets to a new wallet.

ETH
DAI

Summary

On August 21, on-chain analyst Ai Yi disclosed that an address spent 11 million DAI to buy 2,512.7 ETH at an average price of $4,377.76 per token. The Ethereum was subsequently moved to an address beginning with 0xB6F.

Terms & Concepts
  • DAI: A U.S. dollar-pegged stablecoin on the Ethereum blockchain, widely used for trading and decentralized finance applications.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum network, used for transactions, smart contract execution, and decentralized applications.
  • On-chain Analysis: The practice of studying blockchain transaction data directly from the public ledger to identify patterns, behaviors, and large asset movements.