Hacker's Swing Trading of ETH, Triple Impact Shakes the Market!!!
On August 20, Radiant Capital hackers staged a swing operation on ETH, purchasing 2109.5 ETH at an average price of $4096 within one hour, after selling 9631 ETH at $4562 just a week prior. This action has multi-dimensional impacts on the market:
1. Short-term Market Shock and Emotional Disturbance
The hacker's precise 'high sell low buy' strategy and large-scale trading in a short time altered the ETH supply and demand structure, potentially prompting retail investors to follow suit. Their operations of selling at $4562 and buying at $4096 amplify price volatility, intensifying short-term market fluctuations, making investor sentiment susceptible to influence, and increasing the risk of chasing prices and panic selling.
2. Changes in Capital Flow and Ecosystem Focus
The hacker's holdings are now valued at $94.63 million, an increase of $41.63 million from the $53 million stolen last year. Their ongoing operation of ETH may attract capital attention towards the Ethereum ecosystem and related DeFi projects (such as Radiant Capital's associated business), driving sector interest, and could lead platforms to enhance security risk control, promoting industry-wide safety upgrades.
3. Long-term Risk Warning and Strategic Insights
The hacker's profit from exploiting vulnerabilities serves as a warning for project parties to strengthen contract security. For investors, they can draw lessons from the hacker's 'swing trading mindset', but must remain wary of illegal operation risks. Additionally, the hacker's holding dynamics will continue to influence ETH price movements, and any future large-scale trading could trigger a new round of market volatility, necessitating close tracking of their actions.
