Hacker swings ETH, triple effect stirs the market!
On August 20, Radiant Capital hacker executed precise swing trading: first selling 9,631 ETH at $4,562, and a week later buying 2,109.5 ETH at $4,096. This move had multiple impacts on the market:
1. Short-term impact and emotional disturbance
The hacker's precise 'high sell low buy' strategy altered the supply-demand structure through large transactions in a short period, easily triggering retail investors to follow suit and exacerbating market volatility. The operations of selling at $4,562 and buying at $4,096 further amplified price fluctuations, increasing the risk of chasing highs and cutting losses due to heightened market emotions.
2. Capital flow and ecological focus
The hacker's holdings have increased to $94.63 million, appreciating by $41.63 million compared to the $53 million stolen last year. Their continuous operation of ETH may attract capital to refocus on Ethereum and related DeFi projects (such as Radiant Capital), while potentially prompting platforms to enhance risk control and security measures.
3. Long-term risks and strategic insights
The hacker's arbitrage through vulnerabilities serves as a warning for project parties to strengthen contract security. For investors, the swing trading mentality can be referenced, but the risk of illegal activities should be avoided. The dynamics of the hacker's holdings remain a potential variable for ETH; any further large operations may trigger a new round of market volatility, warranting ongoing attention.
