Unknown Hacker Buy Back 5,001 ETH Wit $21.8M DAI After Sale
On August 21, on-chain analyst Cinder waka spot one unknown hacker address wey repay buy 5,001 ETH with 21.76 million DAI two hours before after e sell 4,957 ETH on August 15. The initial sale average na $4,464 per ETH, while the buyback dey average $4,352 per ETH, making price difference sef about $112 per ETH. The moves cause net gain of 44 ETH for the address balance. This ETH buyback show say on-chain activity dey serious and e show how traders fit take advantage of price swings. To dey monitor similar on-chain flows fit help give insight on possible market movements and chances for leveraged trading and arbitrage strategies.
Bullish
Di same hacker address wey nobody sabi dey sell and buy back the same crypto dey show say dem dey gather at low price, wey often mean say dem sure to buy and e dey support better market outlook. People wey get plenty coins dey do this kind move—where dem go sell when price high then buy am back when price fall—e dey help stabilize liquidity for chain and e dey create short-term support level. Before now, similar on-chain moves don happen before small rallies for ETH as traders dey see these moves as confidence sign from big players. Short term, dis ETH buyback fit reduce pressure to fall more and make momentum traders enter for position near the buyback price. For long term, steady gathering through DAI mean say na strategic move to increase ETH exposure, fit make price rise if market feeling stay positive. To dey track these kind on-chain events dey give better idea about supply changes and to plan when to enter or exit market.