Coinbase Hacker Don Spend $23M On Over 100K SOL for Second Buy
On-chain data show say di Coinbase hacker don do five big transactions since di May breach, weh e convert di stolen BTC, ETH, DAI, and USDC to SOL. Di early trades include selling 26,347 ETH for 68 million DAI and buying 38,126 SOL at about $208.70 per SOL. For second big buy, di attacker swap 22.95 million DAI to USDC, bridge am to Solana, and buy 100,913 SOL at $227 each. These buys make SOL price rise 3% to $231. Even though SOL climb 17% in 30 days, e still dey 21% below e all-time high. Technical indicators show say price dey rise within channel with resistance at $215 and breakout target of $227, some traders believe say rally fit reach $360. This series of big SOL buys highlight security risk we still dey face and fit cause short-term market wahala as DeFi confidence dey high.
Bullish
Di hacker dey buy plenty SOL again and again, e dey make people want am more and e dey push price up. Dem buy over 100,000 SOL for average price of $227, this one make price climb 3% and add to the 17% rally wey happen last month. Technical charts show say SOL dey trade inside rising channel, e get resistance for $215 and dem dey target for breakout at $227, this one mean say price fit climb higher reach $242 or pass. Short-term wahala fit show because of possible liquidation and government dem eye, but the way dem dey keep dey collect SOL show say confidence dey grow. So, all dis moves fit help SOL price steady now and later time too.