The hacker who stole over $300 million from Coinbase has re-entered the cryptocurrency market by purchasing a significant amount of Ethereum. This event raises questions about the future price of ETH.
Coinbase Hacker's Ethereum Purchase
Data analytics provider Lookonchain reported that a wallet linked to the Coinbase hacker acquired 4,863 ETH at a price of $2,581 per coin. The total transaction amounted to $12.55 million. Previously, the hacker sold 26,762 ETH worth $69.25 million in May.
Prospects for ETH Price Jump to $2,700
The price of ETH has stabilized around $2,500 after breaking below a multi-year support level. In the past 24 hours, ETH increased by more than 1.5%, trading near $2,548. The current structure suggests potential further growth, alongside increasing institutional interest.
Decline in Crypto Hacks in 2025
Since the beginning of 2025, the number of crypto hacks has decreased significantly. Recent data shows that there were 65 hacks recorded, a stark contrast to the 251 in 2021. However, businesses continue to face losses related to these breaches.
The return of the Coinbase hacker to the cryptocurrency market and their recent purchase of Ethereum highlight ongoing excitement surrounding ETH, moving towards potential price growth. Meanwhile, the decline in crypto-related attacks indicates improved security in the online space.
