New Address Spends 6.18 Million DAI to Acquire 2,477 ETH in Potential Swing Trade
2025-07-01 03:24:34
Main Idea
A blockchain analyst reported a significant transaction involving the purchase of 2,477 ETH using 6.18 million Dai, suggesting strategic swing trading behaviors in decentralized finance.
Key Points
1. On July 1st, blockchain analyst Ai Yi (@ai_9684xtpa) reported a transaction involving 2,477 ETH purchased with 6.18 million Dai.
2. The transaction was executed by the address 0x521 approximately three hours prior to the report.
3. The average cost basis for the ETH purchase was $2,496.22 per ETH.
4. The sizable move suggests strategic swing trading liquidity and dynamic trading behaviors in decentralized finance.
Description
On July 1st, blockchain analyst Ai Yi (@ai_9684xtpa) reported a significant transaction involving the purchase of 2,477 ETH using 6.18 million Dai. The acquisition, executed by the address 0x521, occurred
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