A hacker linked to the Coinbase breach has made one other transfer, this time shopping for over 38,000 Solana tokens price almost $8 million.
Blockchain monitoring agency Ember CN reported that the hacker transformed 7.957 million DAI to USDC earlier than bridging the funds to Solana and buying the tokens at a mean worth of $208.
Blueprint Of Bold Moves
This shouldn’t be the primary main transaction tied to the hacker. Back in May, they offloaded 26,347 Ethereum for 68 million DAI at $2,588 per token.
Two months later in July, they shifted gears and acquired again 5,513 ETH for 14.865 million DAI, paying a mean of $2,696 every.
These calculated trades recommend the person or group behind the breach is taking a measured method slightly than making random choices.
[从 Coinbase 用户处窃取资金的黑客] 在过去 1 小时里，把 795.7 万 DAI 换成 USDC 后跨链到 Solana，然后买成了 38,126 枚 SOL，购买价格 $208.7。https://t.co/TRVVPiWIGS
这个黑客：
1⃣5 月，出售 26,347 枚 ETH 换成 6818 万 DAI，出售均价 $2,588。
2⃣7 月，1486.5 万 DAI 重新购买 5,513 枚… https://t.co/4HBWNBF738 pic.twitter.com/GIPGqwUJYu— 余烬 (@EmberCN) August 24, 2025
Market circumstances could have influenced this newest choice. Solana has gained greater than 17% over the previous 30 days, despite the fact that it stays down about 25% from its all-time excessive of $295 in January. Analysts consider the token might see extra upside if present momentum holds.
Technical Outlook Signals Room For Gains
Trader Ucan has recognized a rising channel in Solana’s worth construction following a rounded backside formation.
Key resistance ranges embrace $215 for the primary barrier, $227 for a breakout sign, and $242 as an higher goal.
The channel’s prime sits close to $251. Another market voice, dealer Ali, instructed holding Solana till it approaches $360, a stage some count on if bullish sentiment stays sturdy.
The hacker’s buy worth of $208 aligns with these optimistic calls. Whether the market rewards that guess stays to be seen, however the transfer locations the hacker amongst buyers banking on Solana’s rally persevering with.
Fallout From The Coinbase Breach
The preliminary breach, which occurred in May, impacted about 70,000 Coinbase customers. The studies indicated that the hackers paid international customer-support contractors a bribe to realize entry to delicate person data between December 2024 and May 2025.
Sensitive person data uncovered consisted of full names, delivery dates, addresses, telephone numbers, masked checking account knowledge, and scans of presidency identification.
Coinbase made the hack public after being introduced with a $20 million ransom fee, which Coinbase declined to make.
CEO Brian Armstrong later confirmed the trade would reimburse affected clients and introduced a $20 million bounty for data resulting in an arrest.
The firm estimates remediation prices might attain $400 million as it really works to tighten safety and restore person confidence.
For now, consideration stays on the hacker’s newest guess. Whether the Solana buy proves worthwhile—or marks the start of extra high-profile trades—will rely upon what occurs within the coming weeks because the market reacts to shifting sentiment.
Featured picture from Pixabay, chart from TradingView
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