A whale spent 14.24 million DAI to buy 4,177 ETH on the chain 15 hours ago

Chainalysis analyst EmberCN 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.