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 worth 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 acquired 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 somewhat 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 situations might have influenced this newest determination. Solana has gained greater than 17% over the previous 30 days, regardless that 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 Indicators Room For Positive aspects
Dealer Ucan has recognized a rising channel in Solana’s worth construction following a rounded backside formation.
Key resistance ranges embrace $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 degree some anticipate if bullish sentiment stays sturdy.
The hacker’s buy worth 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 befell in Could, impacted about 70,000 Coinbase customers. The experiences 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, start dates, addresses, telephone numbers, masked checking account information, and scans of presidency identification.
Coinbase made the hack public after being introduced with a $20 million ransom cost, which Coinbase declined to make.
CEO Brian Armstrong later confirmed the change 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 on what occurs within the coming weeks because the market reacts to shifting sentiment.
Featured picture from Pixabay, chart from TradingView
Disclaimer: For info functions solely. Previous efficiency just isn’t indicative of future outcomes.
