- Analytics firm Lookonchain tweeted today that a whale purchased 4,833 ETH over the past 24 hours.
- According to the post, the whale had used 9.7 million DAI to purchase the ETH at an average price of $2,004.50.
- At press time, ETH was trading at $2,000.48 following a 24-hour gain of 6.78%.
The blockchain tracking firm Lookonchain revealed in a tweet earlier today that an Ethereum (ETH) whale purchased a substantial amount of ETH over the past 24 hours. According to the post, he spent 9.7 million Dai (DAI) to purchase 4,833 ETH at an average purchase price of $2,004.50.
An $ETH smart whale spent 9.7M $DAI to buy 4,833 $ETH at $2,004 5 hrs ago.The smart whale:
– Sold 7,500 $ETH after the $ETH surge in January;
– Bought 9,691 $ETH during the $USDC depegging on Mar 11;
– Sold 5,190 $ETH before the $ETH price dropped on Jun 7. pic.twitter.com/dfeR94hv3m
— Lookonchain (@lookonchain) July 14, 2023
This is not the first major ETH transaction this whale has performed, according to the firm. In January this year, the whale sold 7,500 ETH after the altcoin leader’s price had spiked. He then bought 9,691 ETH in March when USD Coin (USDC) depegged from the Dollar. Lastly…
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