Hackers linked to Coinbase violations have brought another move. This time, I purchased over 38,000 Solana Tokens, worth nearly $8 million.
Blockchain tracking company Ember CN reported that after hackers converted DAI 7.957 million to USDC, they filled Solana and bought the token for an average price of $208.
Bold Movement Blueprint
This is not the first major transaction tied to a hacker. Back in May, they offloaded 26,347 Ethereum at $2,588 per token for DAI 68 million.
Two months later, in July, they shifted gears and bought back 5,513 ETH at 14.865 million DAI, paying an average of $2,696.
These calculated transactions suggest that the individual or group behind the violation is taking a measured approach rather than making random decisions.
(This is a financial customer for Coinbase’s theft of financial statements) has passed since 15:00, but it was 795.7
The Black Customer:
1 ⃣May, 26,347
2℃, 14.865 million DAI new payments 5,513 pic.twitter.com/gipgqwujyu– Yoho (@embercn) August 24, 2025
Market conditions may have influenced this latest decision. Solana has scored more than 17% in the last 30 days, despite a 25% drop from its all-time high of $295 in January. Analysts believe that if the current momentum applies, the token will be more upside down.
Technical outlook signal rooms for profit
Trader UCAN has identified an upward channel in Solana’s price structure following the formation of a round bottom.
Key resistance levels include $215 for the initial barrier, $227 for breakout signals and $242 for the top target.
The channel’s top is close to $251. Another market voice, Trader Ali, suggested holding Solana until it approaches $360.
The hacker’s purchase price is $208, which coincides with these optimistic calls. It is still unclear whether the market will reward the bets, but the move continues among investors banking hackers in Solana’s rally.
Radioactive descent from a Coinbase violation
The first violation in May affected around 70,000 Coinbase users. The report showed that hackers paid bribs to foreign customer support contractors to access sensitive user information between December 2024 and May 2025.
Sensitive user information was made up of scans of full name, date of birth, address, phone number, masked bank account data and government identification.
Coinbase has published the hack after being offered a $20 million ransom payment.
Later, CEO Brian Armstrong confirmed that the exchange would refund affected customers and announced a $20 million bounty on information that led to an arrest.
The company estimates that repair costs could reach $400 million as it works to enhance security and restore user trust.
For now, attention remains to the latest bets from hackers. Whether a Solana purchase proves profitable or indicates the beginning of a more prominent transaction will depend on what happens in the coming weeks as the market responds to emotional changes.
Pixabay featured images, TradingView chart
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