Ethereum (ETH) On-Chain Sell: 7,066 ETH Dumped for 23.945 Million DAI at $3,389 per ETH, Chainalysis Reports
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
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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.