A crypto wallet tagged the “blockchain hacker” by crypto security experts recently made a huge purchase. Using ill-gotten funds siphoned from Coinbase users, the hacker bought $7.95 million worth of Solana.
Data from Lookonchain reveals that the hacker who stole over $300 million bought over 38,000 Solana at $209 per coin.
A few weeks ago, in July, the hacker’s wallet was spotted making a couple of transactions. On the 9th of July, the hacker bought $12.5 million worth of Ether after selling over $69 million worth two months earlier. Later in the month, the marked wallet purchased an additional $2.3 million worth of Ether.
Hacker suffers loss
Since the transaction, Solana has been on a sharp decline. In the last 24 hours, SOL dipped by over 7%. While it opened the day before at $200, it currently trades around $187.
Going by the price, the Hacker bought Solana, which is $209; they are currently at a loss. Before its downturn, Solana touched a daily high of $213, briefly putting the hacker in the profit zone before the price reversal and further dip.
