A hacker linked to the Coinbase breach has made one other transfer, this time shopping for over 38,000 Solana tokens value almost $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 mean value of $208.
Blueprint Of Daring Strikes
This isn’t the primary main transaction tied to the hacker. Again in Could, they offloaded 26,347 Ethereum for 68 million DAI at $2,588 per token.
Two months later in July, they shifted gears and purchased again 5,513 ETH for 14.865 million DAI, paying a mean of $2,696 every.
These calculated trades recommend the person or group behind the breach is taking a measured method moderately than making random choices.
[从 Coinbase 用户处窃取资金的黑客] 在过去 1 小时里，把 795.7 万 DAI 换成 USDC 后跨链到 Solana，然后买成了 38,126 枚 SOL，购买价格 $208.7。https://t.co/TRVVPiWIGS
这个黑客：1⃣5 月，出售 26,347 枚 ETH 换成 6818 万 DAI，出售均价 $2,588。2⃣7 月，1486.5 万 DAI 重新购买 5,513 枚… https://t.co/4HBWNBF738 pic.twitter.com/GIPGqwUJYu
— 余烬 (@EmberCN) August 24, 2025
Market circumstances might have influenced this newest choice. 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 may see extra upside if present momentum holds.
Technical Outlook Alerts Room For Positive factors
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, steered holding Solana till it approaches $360, a stage some count on if bullish sentiment stays sturdy.
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 traders banking on Solana’s rally persevering with.
Fallout From The Coinbase Breach
The preliminary breach, which came about in Could, impacted about 70,000 Coinbase customers. The studies indicated that the hackers paid overseas customer-support contractors a bribe to achieve entry to delicate consumer info between December 2024 and Could 2025.
Delicate consumer info uncovered consisted of full names, delivery dates, addresses, cellphone numbers, masked checking account knowledge, and scans of presidency identification.
Coinbase made the hack public after being offered with a $20 million ransom cost, which Coinbase declined to make.
CEO Brian Armstrong later confirmed the alternate would reimburse affected clients and introduced a $20 million bounty for info resulting in an arrest.
The corporate estimates remediation prices may 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 upon what occurs within the coming weeks because the market reacts to shifting sentiment.
Featured picture from Pixabay, chart from TradingView
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent overview by our group of high know-how specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
