Radiant hacker spent 8.64M DAI for 2,109 ETH at $4,096, boosting holdings after selling 9,631 ETH for $43.9M.
July 29–30 saw sharp ETH outflow spikes near -150M USD as prices slid toward the $3,400–$3,500 range.
August 14–20 marked heavy outflows near -200M USD, helping ETH hold steady between $4,000 and $4,200.
Ethereum’s network activity is drawing attention as fresh exchange outflow trends emerge while the Radiant Capital hacker continues trading aggressively. According to Lookonchain, the hacker spent 8.64 million DAI to acquire 2,109.54 ETH at $4,096 each.
This purchase came after weeks of large scale ETH movements between exchanges, indicating alternating phases of accumulation and profit taking. ETH prices fluctuated between $3,100 and $5,050 during the observed period.
Hacker’s Accumulated Profits from Stolen ETH
Ten months ago, the Radiant Capital hacker stole $53 million and exchanged it for 21,957 ETH. Lookonchain reported that the stash grew to $102.54 million by mid August after several profitable trades.
The hacker sold 9,631 ETH worth $43.94 million at an average price of $4,562, leaving 12,326 ETH valued at $58.6 million. This trading activity highlighted the role of stolen assets in Ethereum’s recent liquidity flows. The latest dip purchase added further weight to ongoing discussions about exchange inflows and outflows.
Fluctuating Inflows and Outflows
Between July 26 and 31, ETH exchanges recorded alternating inflows and outflows, with sharp negative spikes on July 29–30. Those movements exceeded -100 million to -150 million USD, coinciding with ETH’s slide toward $3,400–$3,500.
ETH Spot Inflow/Outflow price chart, Source: Coinglass
However, early August brought persistent outflows, lasting from August 1 to 6. These withdrawals indicated stronger accumulation as ETH stabilized between $3,200 and $3,300 before mounting a rebound. The change in flows set the stage for significant moves during the following week.
Renewed Outflows Support ETH Above $4,000
Between Aug 7 and 13, inflows were sharply increasing, with multiple spikes above $200 million. These kinds of inflows were in sync with ETH's appreciation to $4,600–$4,800, suggesting traders are withdrawing ETH to exchanges to take profits.
Again, however, conditions were reversed from August 14 to August 20 when the outflows accumulated, always falling below -100 million USD and for a while near -200 million. ETH's price corrected but stabilized between $4,000 and $4,200. This stabilization reflected renewed withdrawals from exchanges, reducing immediate selling pressure while the hacker’s trading added more volume to overall flows.
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