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Ethereum Wallet Buys 1,734.1 Ether (ETH) After More Than Three Years

The wallet exchanged 4.16 million Dai (DAI) for Ether (ETH) before depositing the tokens into Tornado Cash on Nov. 5.

Updated 1 min read
A visual explainer depicts an Ether transfer entering a privacy service on Ethereum / TokenPost.ai
A visual explainer depicts an Ether transfer entering a privacy service on Ethereum / TokenPost.ai

After more than three years without activity, the address made a Nov. 5 purchase, exchanging 4.16 million Dai (DAI) for 1,734.1 Ether (ETH). It later deposited the Ether into Tornado Cash.

The transaction was separate from recent Ether price activity and U.S. spot Ether exchange-traded fund developments. No link between the deposit and Ether’s price movement was established.

Tornado Cash can make it harder to connect deposits with later withdrawals, as earlier coverage of a separate Ether transfer explained.

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