- Wallet 0x3ac acquired 17,695 ETH worth $49.5M at an average price of $2,798 in a single transaction.
- The purchase was funded with 49.52M DAI from an unidentified multi-signature wallet and 0.994 ETH from Tornado Cash.
- No outgoing transactions have been recorded, with the wallet created shortly before executing the acquisition.
A freshly created cryptocurrency wallet, identified as 0x3ac, acquired approximately $49.5 million worth of Ethereum in a significant transaction. Spot On Chain data shows the wallet purchased 17,695 ETH at an average price of $2,798 over the past hour. The acquisition, conducted using 49.52 million DAI, has drawn attention across blockchain monitoring platforms due to the large amount involved.
Details of the Transaction
The on-chain data reveals that the transaction was completed in a single large purchase. The buyer utilized the stablecoin DAI to execute the trade, acquiring the 17,695 ETH in a direct swap. The transaction was processed on the Ethereum network without intermediate transfers. Blockchain records confirm the DAI originated from an unidentified multi-signature wallet.
Further examination of the wallet’s funding shows that it received 0.994 ETH from Tornado Cash, a decentralized privacy-focused protocol. This initial ETH funded the gas fees necessary for the large transaction. The source of the stablecoins remains unknown, with no additional identifiable transaction history prior to the purchase.
Market Context and On-Chain Movements
ETH’s price at the time of purchase averaged $2,798, aligning with recent activity. Trading volume has shown fluctuations, with notable purchases contributing to short-term market liquidity. The transaction did not coincide with abnormal volatility, suggesting a stable market environment during the acquisition.
Blockchain explorers indicate that the wallet “0x3ac” was created shortly before executing the trade. No further outgoing transactions have been recorded since the acquisition. Analysts continue monitoring the wallet for potential subsequent movements or redistribution of the acquired Ethereum.
Funding Sources and Transaction Path
Tornado Cash, used to fund the wallet’s transaction fees, is known for its privacy features, which obscure sender and receiver details. The stablecoins used for the ETH purchase originated from a multi-signature wallet with unidentified signatories.
No links to exchanges or prior wallet activity have been established. The absence of additional transaction history prior to the purchase indicates the wallet was created exclusively for this operation. Data shows no ETH movements out of the wallet following the acquisition.
