Analysing cryptocurrency wallet activity provides insights into market trends, investor behaviour and security risks. A recent example is the bybit hack on 21 February 2025, where $1.4 billion in crypto, including 401,347 ETH, was stolen from Bybit's cold wallet. The funds were transferred to unknown addresses, but Bybit's CEO assured customers that all assets remain fully secured. This highlights the importance of robust security measures and continuous wallet monitoring.
Several tools are available to help track wallet activity:
- **Chainalysis**: Analysis of blockchain data to identify suspicious transactions.
- **Elliptic Lens**: Real-time wallet assessment for illicit activity.
- **Bitquery**: Transaction pattern analysis for compliance and risk assessment.
- CoinStats: Portfolio tracking across blockchains.
As of 22 February 2025, crypto market prices include BTC at $96,579, ETH at $2,749, BNB at $657 and SOL at $173. Monitoring wallet activity helps to identify security threats and understand market movements, enabling informed decision making.
