According to Arkham Intelligence (@intel_arkm), the Cetus hacker has exchanged 58.3 million USDC for 21,938 ETH at an average price of $2,658. This large-scale transaction is drawing significant attention from traders, as such a concentrated Ethereum purchase can introduce volatility and potentially drive short-term price movements in the ETH/USDC pair. Traders are closely monitoring the hacker's wallet for further activity, as additional large orders could impact liquidity and short-term trading strategies. The event underscores the importance of on-chain monitoring tools for detecting whale movements and managing risk in volatile crypto environments. (Source: Arkham Intelligence, intel.arkm.com/explorer/addr)

According to @ai_9684xtpa (source: Twitter), the Cetus hacker has transferred $57.66 million USDC cross-chain to Ethereum mainnet and purchased 22,114 ETH at an average price of $2,652. The hacker's Ethereum address now holds $59.56 million in assets, with 98.3% in ETH and the rest in USDC and minor tokens. This large-scale accumulation has increased on-chain liquidity and may impact short-term ETH price volatility and trading sentiment. Traders should monitor this address for potential future movements that could affect Ethereum market dynamics.

According to Lookonchain, CetusProtocol on the SUI blockchain suffered a hack resulting in losses exceeding $260 million, with the attacker actively converting the stolen assets into USDC and bridging approximately $60 million to Ethereum for exchange into ETH (source: Lookonchain, suiscan.xyz, intel.arkm.com). This event has heightened trader concerns about cross-chain vulnerability risks, leading to increased volatility in SUI, USDC, and ETH markets. Traders are closely monitoring liquidity pools and bridge activity for abnormal flows that could affect token prices and on-chain liquidity, especially as large asset movements may trigger further price disruptions and potential arbitrage opportunities.

According to Lookonchain, major Ethereum whales have been actively accumulating ETH over the past two hours, with wallet 0xDdb4 borrowing 3.44 million USDC from Aave to purchase 1,856 ETH, and wallet 0xf84d borrowing 1.64 million USDC to buy 1,259 ETH for a total outlay of 2.34 million USDC. Additionally, a newly created wallet, 0x69D0, withdrew 2,250 ETH, valued at $4.12 million, from an exchange. These significant on-chain transactions indicate a strong bullish sentiment among large holders, potentially impacting short-term price momentum and liquidity for ETH. Traders should watch for increased volatility and potential upward price movements as whale activity drives market dynamics. Source: Lookonchain (Twitter, May 1, 2025).