Coinbase Hacker Buys 3,976 Ethereum for $18.9 Million

Ethereum Purchases by Coinbase Hacker

The hacker linked to the Coinbase attack bought 3,976 ETH for over $18.9 million at $4,756 per token.
This purchase was made using 18.911 million DAI, according to Arkham Intelligence.
The hacker's wallet, under surveillance for a $300 million scam, also bought $8 million in Solana (SOL) in August.
Previous purchases included 4,863 ETH ($12.55 million) and 649 ETH ($2.3 million).
ETH's price recently reached $4,763, its highest in over two weeks, now trading at approximately $4,718.92.

Institutional Acquisition of Ethereum

Ethereum's market cap is at $569.59 billion with a 24-hour trading volume of $41.6 billion.
Traders are showing increased interest in ETH over BTC.
BitMine Immersion Technologies purchased 46,255 ETH valued at $200 million, accumulating over 2.1 million ETH so far.
Sharplink Gaming has built an 837,000 ETH treasury amidst its $1.5 billion share buyback program.

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