Unknown Hacker’s 5,001 ETH Trade Yields $2.04M Profit
An unknown hacker sold 5,001 ETH four days after purchasing it. On August 21, the hacker acquired 5,001 ETH for 21.76 million DAI at about $4,352 per ETH. Four hours ago, the same 5,001 ETH was exchanged back into 23.8 million DAI at around $4,760 per ETH. The trade generated a profit of $2.04 million. On-chain analyst Yu Jin flagged the transaction. The hacker’s remaining assets include 36.54 million DAI and 9.59 million SUSD tokens, totaling roughly $46.13 million. This ETH sale represents a swift profit-taking strategy in the current market environment. Traders should note the high-speed arbitrage window and monitor large ETH movements for potential market signals.
Neutral
The sale is unlikely to move the broader market. The hacker’s profit-taking is a routine on-chain event and does not reflect a systematic sell-off. Similar large ETH sales have shown minimal price impact when spread over time. In the short term, traders might see minor downward pressure as large volumes hit liquidity pools, but the quick turnaround and profit suggest efficient arbitrage. Long-term, this transaction underscores the importance of monitoring whale movements but does not alter Ethereum’s fundamentals.