According to EmberCN, a hacker who previously stole funds from Coinbase users has transferred 17,778.7 ETH through THORChain in the past two hours, selling the assets for a total of $44.94 million in DAI at an average price of $2,528 per ETH (Source: EmberCN on Twitter, May 22, 2025). The most recent transaction saw the hacker moving 9,080.7 ETH and exchanging it for $22.82 million in DAI. This large-scale ETH liquidation may increase short-term selling pressure on Ethereum and could impact DAI liquidity and price stability. Traders should monitor ETH and DAI price volatility and be cautious of sudden large movements, as continued hacker activity could further affect both Ethereum and stablecoin markets.

According to Lookonchain, an early Ethereum ICO participant sold another 1,500 ETH worth $1.76 million six hours ago, bringing his total sales since April 17 to 16,500 ETH ($29.35 million) at an average price of $1,779. The participant still retains 13,500 ETH valued at approximately $24.82 million. These large-scale sales from a dormant wallet have increased short-term selling pressure on ETH and may impact price dynamics for traders monitoring whale movements. Source: Lookonchain (x.com/lookonchain/status/1918906158112293037).