According to Lookonchain, the Cetus hacker purchased 21,938 ETH worth $58.3 million at a price of $2,658, while the hacker associated with the $300 million Coinbase user theft sold 26,762 ETH for $69.25 million at $2,588. These large-scale ETH movements have triggered significant interest among traders, raising questions about short-term Ethereum price volatility and liquidity. Whale transactions of this magnitude often create temporary price pressure, with the Coinbase-related sell-off likely increasing downward momentum, while the Cetus hacker's large buy may provide near-term support. Traders should monitor on-chain activity and exchange inflows for potential volatility spikes and price direction, as such high-profile transactions can influence broader crypto market sentiment. (Source: Lookonchain on Twitter, May 22, 2025)