Coinbase Hacker Makes Massive Ethereum Purchase!

The individual responsible for the May 2025 Coinbase hack which resulted in losses exceeding $300 million has made a major Ethereum (ETH) purchase.

Hacker Wallet Buys Millions in ETH

According to on-chain analytics platform Arkham, the wallet (0x15f4c13E0cA461e0ef23F6d35Bbeb5dCE2495879) purchased approximately 3,976 ETH. The transaction was valued at around $18 million, with a price of $4,756 per token.

This wallet has been closely monitored since the May 2025 Coinbase breach, which exposed personal data of around 70,000 customers. During the attack, overseas support staff were bribed, and social engineering tactics were used to trick users into making fund transfers.

In response, Coinbase offered a $20 million reward for information leading to the capture of the perpetrators.

Ethereum Prices Surpass Consolidation

Ethereum is showing strong performance with a weekly gain of 9.7%. Breaking out of the $4,200–$4,400 consolidation zone, ETH is trading at $4,712 at the time of writing. Its market capitalization stands at $569.46 billion, with a 24-hour trading volume of $43.08 billion.

 Technical indicators also point to strong upward momentum for Ethereum:

• The 50-day EMA at $4,209 is providing dynamic support,
• The 100-day EMA at $3,682 and the 200-day EMA at $3,249 remain well below the current price, highlighting the strength of the trend.

Market data shows that dips are being aggressively bought, and funding rates are neutral. This indicates that open positions remain high and investors maintain confidence in ETH.

Analyst Insights

Leading crypto analyst Byzantine General shared a chart predicting a potential “monster candle” move for Ethereum. Analysts suggest that as ETH approaches local highs, a decisive upward movement could emerge, potentially setting the tone for the continuation of the bullish market.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates