A whale spent 14.24 million DAI to buy 4,177 ETH on the chain 15 hours ago
Chainalysis analyst Yu Jin has monitored that a whale spent 14.24 million DAI to purchase 4,177 ETH on the chain 15 hours ago. The purchase price was $3,410.
This whale had previously spent 6.79 million DAI between July and October last year to buy 4,201 ETH at a price of $1,617, and then sold it at a price of 3,392 on March 1st this year, exchanging it for 14.24 million DAI, making a profit of $7.44 million (+109%).
The whale is likely to continue to be bullish on ETH, as 15 hours ago, he used the 14.24 million DAI to re-enter the market and purchase 4,177 ETH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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