An address marked as a "hacker stealing Coinbase user funds" has exchanged nearly 8 million DAI for USDC in the past hour, and after cross-chain transferring to Solana, purchased 38,126 SOL at an average price of $208.7.

The hacker's movements are often seen by the market as one of the sharpest forms of "smart money." He has exchanged ETH for stablecoins, and now from stablecoins to SOL, with each step in his asset allocation full of speculative signals.

This time he chose to heavily invest in SOL, which may indicate that in his view, the potential return rate of SOL at this stage might be higher than the ETH he previously sold.