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Coinbase Hacker Makes Big Bet on Solana After $300 Million Theft

Coinbase Hacker Makes Big Bet on Solana After $300 Million Theft

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by Giorgi Kostiuk

an hour ago


Recently, it was revealed that the hacker who stole over $300 million from Coinbase users made a significant investment in the cryptocurrency Solana. This news has attracted attention from both analysts and traders.

Purchase of Solana After Theft

On August 23, the hacker purchased 38,126 Solana tokens worth $7.95 million, averaging $209 each. This purchase was completed within two hours, generating interest among traders amid a growing interest in Solana.

Analysts' Optimism About Solana

Analyst Ali Martinez had previously noted that Solana has potential for further growth. He advised his followers to hold their tokens until the price reaches $360, suggesting that the market could strengthen with continued momentum.

Solana as a Contrarian Bet

Mert, founder of Helius.dev, highlights Solana as one of the strongest platforms in the market. He emphasizes that the network attracts developers and users due to its technical architecture. Mert also noted that Solana competes effectively with other dominant platforms.

The hacker's investment in Solana underscores the growing interest in this cryptocurrency among analysts and traders. Given current forecasts, Solana may continue to strengthen its position in the market.

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