On-chain data reveals a hacker sold Ethereum worth $9.93 million in under 10 hours, incurring substantial losses while still holding a large remaining balance.
An on-chain analyst reported that an unknown hacker sold 2,655 ETH at an average price of $3,740.78 over 10 hours, totaling approximately $9.93 million. The ETH was originally purchased between October 21 and 23 at an average of $4,026.58, leading to a realized loss of about $758,000. The hacker continues to hold 3,965.36 ETH, now bearing an unrealized loss of roughly $692,000 based on current market prices.