A newly created wallet purchased 3,877.67 ETH worth about $7.31 million after withdrawing stablecoins from Binance and executing the buys in batches through CowSwap (decentralized trading aggregator). The purchases were completed at an average price of $1,886.55 per Ether, and the wallet later transferred all of the ETH to another address. On-chain analyst Ai Yi said the buying wallet was 0x856…3cD9F and the receiving address was 0xC32…D64f9, with the withdrawal from Binance occurring about an hour before the monitored transaction sequence.