Ethereum Various important acquisitions in its network, totaling more than $620 million, attracted attention. According to Spot On Chain data, approximately 15,003 ETH was received using 59 million DAI within an hour. In the last four days, these wallets collected 163,295 ETH by spending approximately 620.7 million DAI at an average price of $3,801. The whale earned an estimated $24.3 million in a short time. did.
Another 15,003 $ETH was bought on-chain at ~$3,932 using 59M $DAI by wallets linked to PulseChain/X in the past hour!
NEWS CONTINUES BELOWTotal amount purchased in the past 4 days: 163,295 $ETH (cost: 620.7M $DAIavg price: $3,801)!
Est. unrealized profit: $24.3M. https://t.co/YAgSMo1b1X pic.twitter.com/mgDpJI44qC
NEWS CONTINUES BELOW— Spot On Chain (@spotonchain) March 8, 2024
These transactions were linked to wallets linked to Richard Heart’s PulseChain project, the founder of HEX and PulseX, which has been associated with controversial figures. PulseChain has caused controversy in the crypto community. However, organizations associated with PulseChain are showing that they have confidence in digital assets by investing significantly in Ethereum.
As we reported as Koinfinans.com, attention is drawn to the increase in Ethereum price because prices are approaching the $ 4,000 level. Currently, ETH is trading at $3,939 and is up 3.74% in the last 24 hours. This shows that Ethereum is attracting significant interest from both retail and institutional investors and there is confidence in its long-term potential.
The increase in Ethereum price increases interest in the Dencun update planned for March 13. This update aims to greatly reduce the cost of layer-2 transactions, aiming to improve the overall user experience and efficiency of the Ethereum network.
With the Dencun upgrade approaching, market observers are carefully monitoring price movements in the Ethereum market. Recent activity by major investors reinforces Ethereum’s leadership in the cryptocurrency market, highlighting the significant interest and optimism surrounding it.