#Whale just spent 26.23M DAI on ETH#

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Hot Topic Overview

Overview

Recently, a whale or institution spent 26.23 million DAI on-chain to purchase 7,983.8 ETH at an average price of $3,286. This address had previously bought ETH at a relatively low price and sold some ETH at a relatively high price, earning approximately $1,043,196. Currently, the address still holds about 1,000 ETH. This large purchase of ETH is considered a signal from whales that they are bullish on the future price of ETH, and has also raised market attention to the price trend of ETH.

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Analysis

Recently, a whale or institutional address spent 26.23 million DAI on-chain to buy 7,983.8 ETH at an average price of $3,286. This transaction occurred 6 hours ago and shows the whale's bullish sentiment towards ETH. Notably, the address previously bought ETH at relatively low prices and sold some ETH at relatively high prices, making a profit of approximately 1,043,196. Currently, the address still holds about 1,000 ETH. This suggests that the whale may be a long-term holder and is optimistic about the future of ETH. This large-scale purchase may also indicate a further rise in ETH prices, attracting more investors to enter the market.

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Classic Views

Whale/institution bought 7,983.8 ETH at a relatively low ETH price, spending a total of 26.23 million DAI.

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This whale/institution had previously made a profit of about $1,043,196 in previous transactions, indicating its strong ability to judge the trend of ETH price.

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This latest purchase may indicate that the ETH price will continue to rise, attracting more investors to enter the market.

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The trading behavior of this whale/institution has a certain influence on market sentiment and price trend.

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