According to PeckShieldAlert, the CetusProtocol exploiter swapped bridged USDC on Ethereum for 23,000 ETH valued at approximately $62 million, then moved 20,000 ETH to a new wallet address (0x0251...af16). This large-scale ETH transfer significantly increases volatility risks on Ethereum and related DeFi tokens, and could influence short-term liquidity and trading strategies across major exchanges (Source: PeckShieldAlert, Twitter, May 22, 2025).

According to Lookonchain, the hacker responsible for stealing over $300 million from Coinbase users recently sent a taunting message to ZachXBT and sold 8,698 ETH for $22.12 million DAI, as tracked by Etherscan (source: Lookonchain on Twitter, May 22, 2025; etherscan.io). This large-scale ETH-to-DAI transaction highlights significant sell pressure on Ethereum and potentially increased volatility in the DeFi sector. Traders should closely monitor ETH price action and on-chain flows for further liquidation events or market instability related to these stolen funds.

According to @deanmlittle, recent data shows a significant spike in Ethereum gas fees, as illustrated by a real-time screenshot of network congestion (source: Twitter/@deanmlittle, May 14, 2025). This surge in transaction costs can impact trading strategies, increase slippage, and slow down DeFi activity, making it critical for traders to monitor network conditions and adjust entry or exit points accordingly. Elevated gas fees often lead to reduced on-chain activity and can trigger short-term volatility in Ethereum-based tokens.