Coinbase‑Labelled Wallet’s $8M Solana Purchase Deepens Crypto Loss

Coinbase‑Labelled Wallet’s $8M Solana Purchase Deepens Crypto Loss

A cryptocurrency wallet tagged by blockchain analysts as the “Coinbase hacker” has executed a major Solana purchase, acquiring approximately $8 million worth of SOL tokens on Sunday. The transactions involved converting DAI to USDC, bridging to the Solana network, and purchasing 38,126 SOL at an average price close to $209. With Solana now trading around $202.15, the entity has registered a paper loss on the position. Blockchain intelligence ...

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