Ethereum (ETH) On-Chain Sell: 7,066 ETH Dumped for 23.945 Million DAI at $3,389 per ETH, Chainalysis Reports

COINOTAG News Update reports that, according to Chainalysis, an unidentified market participant executed a substantial on-chain sale on November 6. The actor offloaded 7,066 ETH in exchange for 23.945 million DAI, with an average price near $3,389 per ETH.

The transaction highlights ongoing on-chain liquidity flows within the Ethereum ecosystem and demonstrates how stablecoin settlements can anchor large treasury movements. Chainalysis data confirms the bilateral transfer and flags the size as a notable, yet not unprecedented, liquidity event in recent DeFi activity.

COINOTAG will continue to track on-chain transfers and provide timely updates on significant ETH-to-DAI conversions, offering readers a credible view of market-facing activity without speculation.

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