Lookonchain: Binance Hacker Swaps SOL for BTC

Lookonchain reports the Binance hacker split 486970 SOL worth 46.4 million dollars across wallets and sold portions for USDC before bridging to Ethereum to acquire ETH and routing final legs into BTC through THORChain.

The address continues liquidating the original 970522 SOL haul valued at 95.9 million dollars at the time of the initial theft.

SOL prints 90.47 dollars on the four-hour chart and tests the lower Bollinger Band support at 90.65 while the EMA50 at 96.34 and EMA200 at 104.23 cap upside as resistance in the prevailing bearish structure. RSI at 31.05 sits neutral yet the MACD golden cross at negative 1.39 signals building momentum that could lift price toward the upper band at 96.76 once the immediate support holds.