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Hacker Moves Loot: Over 38,000 Solana Purchased With Stolen Crypto

A hacker linked to the Coinbase breach has made one other transfer, this time shopping for over 38,000 Solana tokens price practically $8 million.

Blockchain monitoring agency Ember CN reported that the hacker transformed 7.957 million DAI to USDC earlier than bridging the funds to Solana and buying the tokens at a median value of $208.

Blueprint Of Daring Strikes

This isn’t the primary main transaction tied to the hacker. Again in Might, they offloaded 26,347 Ethereum for 68 million DAI at $2,588 per token.

Two months later in July, they shifted gears and acquired again 5,513 ETH for 14.865 million DAI, paying a median of $2,696 every.

These calculated trades counsel the person or group behind the breach is taking a measured strategy quite than making random selections.

Market situations could have influenced this newest determination. Solana has gained greater than 17% over the previous 30 days, although it stays down about 25% from its all-time excessive of $295 in January. Analysts consider the token might see extra upside if present momentum holds.

Technical Outlook Indicators Room For Positive aspects

Dealer Ucan has recognized a rising channel in Solana’s value construction following a rounded backside formation.

Key resistance ranges embody $215 for the primary barrier, $227 for a breakout sign, and $242 as an higher goal.

The channel’s high sits close to $251. One other market voice, dealer Ali, prompt holding Solana till it approaches $360, a stage some anticipate if bullish sentiment stays robust.

The hacker’s buy value of $208 aligns with these optimistic calls. Whether or not the market rewards that guess stays to be seen, however the transfer locations the hacker amongst buyers banking on Solana’s rally persevering with.

Fallout From The Coinbase Breach

The preliminary breach, which occurred in Might, impacted about 70,000 Coinbase customers. The stories indicated that the hackers paid overseas customer-support contractors a bribe to realize entry to delicate consumer data between December 2024 and Might 2025.

Delicate consumer data uncovered consisted of full names, beginning dates, addresses, cellphone numbers, masked checking account information, and scans of presidency identification.

Coinbase made the hack public after being introduced with a $20 million ransom fee, which Coinbase declined to make.

CEO Brian Armstrong later confirmed the change would reimburse affected clients and introduced a $20 million bounty for data resulting in an arrest.

The corporate estimates remediation prices might attain $400 million as it really works to tighten safety and restore consumer confidence.

For now, consideration stays on the hacker’s newest guess. Whether or not the Solana buy proves worthwhile—or marks the start of extra high-profile trades—will rely on what occurs within the coming weeks because the market reacts to shifting sentiment.

Featured picture from Pixabay, chart from TradingView

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