On-chain analyst Ai Yi said three addresses linked to the same whale entity bought 13,300 ETH on-chain over the past seven hours at an average price of $2,098.43, with the purchases valued at $27.93 million. The entity now holds a total of 15,718 ETH worth $35.65 million. Ai Yi also said the funds are traced to Tornado. According to the monitoring data, the entity received ETH in batches from the mixer 11 months ago, later sold those holdings, and converted the proceeds into stablecoins. The latest buying activity was reported by ChainCatcher as part of a whale-movement update.
ChainCatcher reported, citing on-chain analyst Ai Yi, that three addresses tied to the same whale entity bought 13,300 ETH on-chain over the past seven hours at an average price of $2,098.43. The purchases were valued at $27.93 million.
The entity now holds 15,718 ETH in total, worth $35.65 million.
Ai Yi said the entity’s funds came from Tornado. Eleven months ago, the entity received ETH in batches from the mixer, then sold the tokens and converted them into stablecoins.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
