KelpDAO Hacker Swaps ETH to BTC
KelpDAO hacker converts 75,701 ETH worth $175M into BTC via THORChain; Mantle proposes 30,000 ETH loan to Aave, Lido eyes 2,500 ETH donation amid ETH price prediction volatility.
SourceThe KelpDAO hacker just liquidated all 75,701 ETH valued at $175M on Ethereum, funneling it straight into BTC through THORChain and alternative channels. This bold move hits as Mantle pitches a 30,000 ETH loan worth $70M to Aave, while Lido floats a one-time 2,500 ETH donation proposal. Traders eye this amid broader crypto hacker movements, with parallels to recent RaveDAO exploits shaking DeFi protocol proposals and fueling ETH to BTC swap trends.
Zooming into the ETH 4h chart, price clings at $2325.0 right below the EMA50 resistance at $2328.97, signaling persistent bearish pressure in this death cross setup where MACD sits negative at -0.39. Neutral RSI at 46.03 offers no strong conviction, but with action trapped inside Bollinger Bands—upper at $2409.92 capping upside and lower support at $2275.0 looming—expect a probe toward that EMA200 floor at $2229.24 if sellers dominate, aligning with macro ETH price prediction headwinds before any rebound toward Bitcoin highs.
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