Whale Acquires 8,637 ETH Using $38 Million in DAI
Three wallets, potentially linked to hackers, spent 38 million DAI to purchase 8,637 ETH at $4,401 each, highlighting substantial market activity.
ETH
DAI
Fact Check
Multiple independent cryptocurrency news outlets (Binance News, Blockchain.news, 0xzx.com) corroborate the exact figures of the transaction (8,637 ETH for ~$38 million DAI). The reports cite on-chain data analysts as the source, which lends strong credibility to the claim. The evidence is consistent and comes from multiple sources specializing in this type of reporting.
Summary
On October 2, blockchain monitoring service Lookonchain reported that three wallets, possibly associated with hackers, spent 38 million DAI to acquire 8,637 ETH at an average price of $4,401. This purchase marks a significant market event in a short time frame, emphasizing notable participation in the Ethereum market.
Terms & Concepts
- DAI: A decentralized stablecoin pegged to the US dollar, maintained by the MakerDAO protocol.
- ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and as a store of value.
- Whale: A term used to describe individuals or institutions that hold or trade large amounts of cryptocurrency, often capable of influencing market prices.