Ethereum Whale/Institution Buys 8,637 ETH for 38.017M DAI at $4,402 Avg — On-Chain Analyst Reports
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COINOTAG reported that on October 2, on‑chain analyst Yu Jin observed a single entity execute an accumulation of 8,637 ETH, funded by approximately 38.017 million DAI across three distinct wallets. The transactions were recorded on‑chain at an average execution price near $4,402, consistent with exchange-aggregated pricing during the same window.
These movements, flagged as a potential whale or institution activity by the analyst, are verifiable via public on-chain records and provide a clear data point for liquidity and net flow analysis of the Ethereum market. Market participants can incorporate this into risk models and order-book assessments without inferring intent.
Traders and compliance teams tracking capital flows should reference the original on-chain dataset reported by COINOTAG and Yu Jin for auditability; the reported figures serve as a factual snapshot of a significant ETH transfer on October 2.