The cryptocurrency world is experiencing a major earthquake! That mysterious hacker whale who once caused Coinbase to lose $300 million has just stirred up huge waves again! The on-chain king Lookonchain has solid evidence; just 9 hours ago, this whale rapidly swept up 649.62 ETH at a high average price of $3561, with $2.31 million cash immediately injected into the market! This is not the small-scale antics of retail investors; this is a top player with hundreds of millions in assets making a clear bet! Even more explosive is that this whale's actions were premeditated. Just on July 7, it quietly used 12.5 million DAI to bottom out 4863 ETH, with a cost of only $2569! In just two weeks, its ETH holdings have already gained nearly $5 million in profit! Even more astonishing, on-chain data coldly reveals that two core wallets still hold up to 45.36 million DAI, approximately $4.5 million! This is clearly a super money bag filled with ammunition, which could explode into the next round of ETH buying frenzy at any time!
Whales are clearly bullish, the technical aspect has been crushed!
The hacker violently increased his position after ETH broke $3500, ignoring short-term fluctuations, showing a blatant faith in the long-term value of Ethereum! His operating method is as precise as an institution, accumulating at low positions and chasing after breakouts, $45 million DAI can turn into a bullish bomb at any time!
Massive buying pressure is imminent, and a liquidity crisis is about to erupt!
If all $45 million DAI is dumped into the market, it will instantly absorb nearly 13,000 ETH (at $3500)! The current ETH inventory on exchanges is nearing historical lows, if the whale acts again, it will trigger a liquidity vacuum, and prices may skyrocket vertically!
Black swan turns into white swan, could dirty money become the engine of the bull market?
The legal sword hangs high, yet the hacker dares to continue buying in defiance of the law, this is definitely not a desperate gambler's bet – there must be profound and unfathomable on-chain hidden methods behind it, as well as absolute confidence in ETH breaking historical highs!
Brother Lei's analysis:
The mysterious hacker who hacked Coinbase for $300 million is now a big player! Just 9 hours ago, he spent $2.31 million to buy 650 ETH at a unit price of $3561. This guy had already bottomed out at 4863 ETH on July 7, with a cost of only $2569, and he has already made $5 million just from this transaction! He still has $45.36 million DAI, equivalent to 300 million RMB, lying in two wallets! If all this money were used to buy ETH, at the current price, he could sweep up 13,000 ETH – exchanges simply don't have that much stock now, buying it would absolutely lead to a surge!
Brother Lei's summary:
No matter if he is a hacker or a chivalrous person, this operation is clearly bullish on ETH! Why is he still buying at $3500? Because his cost is only $2500! He can withstand the drops and make profits when it rises. Why does he dare to play like this with the dirty money? Because money laundering on-chain is too easy, he has already cashed out and gained freedom. The most impressive part is that he accurately timed his purchases on July 7, buying at the bottom of the phase, and this time he bought at the breakout point, better than most analysts! Last year, a similar whale bought Bitcoin like crazy at $17,000, and everyone laughed at him for being a bag holder. But six months later, BTC surged to $30,000, and he directly doubled his holdings! This hacker's operation route is exactly the same – buying more as it drops, increasing positions at breakouts, clearly aiming to capitalize on the big bull market!
Remember, in a bull market, when the big shots drink soup, you serve the bowl; when the big shots eat meat, you gnaw on the bones. The soup bowl is on the table now, are you still waiting for others to lick it clean? Give a thumbs up and follow Brother Lei so you won't get lost!!!
