The post New Wallet Spends 49.51 Million DAI to Acquire 17,695 ETH at $2798 Average Price appeared on BitcoinEthereumNews.com.

On February 24th, COINOTAG News reported significant market activity, revealing that a newly established wallet executed a substantial transaction involving **49.51 million DAI**. This transaction facilitated the acquisition of **17,695 ETH**, translating to an average purchase price of **$2,798 per ETH**. Such sizable moves indicate heightened interest and potential shifts within the **Ethereum** landscape. The wallet address associated with this transaction is **0x3ac96134fb0e42a52d33045aee50b89790f05ed0**. Transactions of this magnitude may reflect strategic portfolio diversification or confidence in Ethereum’s long-term potential. Market observers should consider the implications of this transaction on liquidity and future price trends, as large-scale purchases often serve as a bellwether for investor sentiment and market dynamics surrounding digital currencies. Source: https://en.coinotag.com/breakingnews/new-wallet-spends-49-51-million-dai-to-acquire-17695-eth-at-2798-average-price/

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Filed under: News - @ February 24, 2025 3:15 am