An anonymous hacker has just sold 5,001 ETH for a profit of $2.04 million just 4 days after buying.

In early August, this hacker used $21.76 million DAI to buy ETH, then sold it for over $23.8 million DAI, earning a profit of $2.04 million. The hacker's assets remain significant, totaling over $46 million.

HACKER BUYS AND SELLS ETH

The hacker bought 5,001 ETH for $21.76 million DAI, equivalent to $4,352/ETH.

After 4 days, all 5,001 ETH were sold for $23.8 million DAI, equivalent to $4,760/ETH.

The profit earned is $2.04 million; the hacker's current assets total $46.13 million.

What is the hacker's quick ETH trading strategy?

The hacker took advantage of ETH price volatility over 4 days to make profitable trades. Buying with $21.76 million DAI when the ETH price was around $4,352 shows the ability to forecast price increases.

Selling all 5,001 ETH when the price rose to $4,760 helped the hacker earn approximately $23.8 million DAI, equivalent to a profit of $2.04 million. This is a typical example of quick trading, taking advantage of volatility with large capital.

What are the hacker's current assets after this transaction?

In addition to profits from ETH trading, the hacker also holds $36.54 million DAI and $9.59 million SUSDS, totaling about $46.13 million. This figure indicates that the hacker possesses a large amount of cryptocurrency assets.

Holding multiple types of stablecoins like DAI and SUSDS helps the hacker optimize flexibility in asset management, taking advantage of the stability of these currencies in a volatile market.

How important is the role of on-chain tracking?

Ember's on-chain analysis helps detect and monitor unusual transactions, providing early warnings of notable movements in the cryptocurrency ecosystem. This is an important tool to enhance transparency and protect investors.

The use of on-chain data is highly valued by many experts to track cash flow, assess risks, and control behaviors that may endanger the market.

Frequently Asked Questions

How long did it take the hacker to make a profit from ETH trading?

The hacker bought and sold ETH just after 4 days, earning approximately $2.04 million.

Besides ETH, what other assets does the hacker hold?

The hacker holds approximately $36.54 million DAI and $9.59 million SUSDS, totaling over $46 million.

What is the role of on-chain analysis in monitoring transactions?

On-chain analysis helps detect unusual transactions and enhances transparency in the cryptocurrency market.

What is the difference between the hacker's purchase and selling price of ETH?

The purchase price of ETH is $4,352/ETH, the selling price is $4,760/ETH, this difference generates a profit of $2.04 million.

What are the benefits of holding stablecoins for the hacker?

Stablecoins help maintain stable asset values and flexibility in future transactions.

Source: Bitcoin News

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