A wallet connected to the infamous Coinbase hacker has recently purchased a substantial amount of Ether for over $18.9 million, drawing analyst attention and interest in the hacker's further actions.
Purchase of Ether by Coinbase Hacker
The wallet linked to the Coinbase hacker bought 3,976 Ether for $4,756 each, using 18.911 million DAI for the transaction. This wallet has been under surveillance by blockchain analysts due to its involvement in a scam that targeted Coinbase users for over $300 million.
Subsequent Crypto Trades
Following the recent purchase, the wallet made significant trades previously, including a $12.55 million worth acquisition of Ether and $2.3 million back in July. Last month, it also purchased $8 million worth of Solana. While these investments are significant, some assets are now trading below their purchase price.
Successful ETH Traders
In other news, a trader managed to turn a $125,000 deposit into $6.8 million profit on Hyperliquid. This success was achieved through high leverage and strategic timing of exits, highlighting the potential for significant earnings in the Ether market.
Overall, the large purchases of cryptocurrency by the Coinbase hacker and the achievements of other traders underscore the ongoing activity in the Ether market, which continues to attract the attention of both investors and analysts.
