On April 18th, COINOTAG News reported a significant development in the cryptocurrency arena as an onchain intelligence platform, Onchain Lens, highlighted a substantial transaction. A dormant whale address, inactive for 2.8 years, executed a high-value transfer of 5.88 million DAI, acquiring 3,659.83 ETH. This intriguing move underscores the ongoing interest among large-scale investors in Ethereum’s potential. Additionally, the whale engaged in further transactions by utilizing TornadoCash to discreetly transfer 1,000 ETH, which is valued at approximately $1.61 million. Such actions by institutional players could signal a renewed confidence in the market, emphasizing the significance of whale activity as a barometer for broader market trends. This development warrants close attention from market participants looking to gauge the shifting sentiment around decentralized finance and ETH adoption.
Source: https://en.coinotag.com/breakingnews/whale-unleashes-5-88-million-dai-to-acquire-3659-83-eth-after-2-8-years-of-dormancy/