The Crypto Assets market is facing a significant event again. Today at 13:21, well-known on-chain analysis expert Yu Hui discovered that the Hacker involved in the previous Coinbase user funds theft case suddenly launched large-scale trading activities.

In just 30 minutes, the hacker used approximately 18.91 million DAI stablecoins to purchase 3,976 Ethereum (ETH) in a single transaction, with an average purchase price of $4,756. This unusual transaction immediately triggered alerts from multiple on-chain monitoring systems, sparking widespread discussion in the community.

Analysts point out that operations of this scale are clearly not typical investor behavior. Possible motives include: hackers attempting to launder illegal gains through complex transactions, or intending to manipulate the market by making large purchases before selling off. Another possibility is that hackers are optimistic about the short-term trend of ETH and choose to build positions at the current price level. However, regardless of the purpose, the source of these funds has been marked as illegal, and its subsequent movements will continue to be closely monitored by regulatory agencies.

This incident had an immediate impact on the market. The price of ETH briefly rose by about 1.5% after the transaction occurred. However, market participants should be wary of potential selling pressure. At the same time, this behavior is viewed as a blatant provocation to regulatory agencies and has once again raised questions about Coinbase's security measures.

From a technical perspective, a sudden increase in large address activity often signals that the market may experience significant volatility. Therefore, it is recommended that short-term traders operate cautiously and set reasonable stop-losses.

After the news spread, the discussion on social media quickly escalated, and the related topics topped the trending charts. Meanwhile, several mainstream media outlets, including The Wall Street Journal and Coindesk, are following up on the reports.

This incident highlights the complexity and uncertainty of the Crypto Assets market once again, and reminds investors to remain vigilant and pay attention to market trends.