According to Lookonchain, the Bitrue hacker executed a strategic re-entry into the ETH market after previously selling 4,207 ETH for $16.34M DAI at $3,885 per ETH on March 10, 2024. The hacker has now used $8.3M DAI to repurchase 2,999 ETH at an average price of $2,769, potentially capitalizing on lower ETH prices to increase holdings. This large-scale buyback highlights active whale participation and could signal increased volatility and liquidity shifts in ETH markets. Traders should monitor on-chain flows and potential price movements, as such significant transactions can impact short-term ETH price action. Source: Lookonchain (Twitter, June 12, 2025).

According to Lookonchain, the Bitrue hacker is actively using the previously stolen 16.34 million DAI to buy back Ethereum (ETH) at significantly reduced prices. After selling 4,207 ETH for DAI at $3,885 per ETH in March 2024, the hacker has now spent 8.3 million DAI to repurchase 2,999 ETH at an average of $2,769 per ETH. This large-scale ETH accumulation could influence short-term Ethereum price volatility and liquidity, with potential implications for trader sentiment and on-chain activity. Source: Lookonchain (Twitter, June 12, 2025).