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The wallet involved in the Indexed Finance and Kyber Network hacking incidents suddenly reappeared after being dormant for over a year. This notorious address recently began a large-scale token sell-off, successfully converting $2.11 million within 24 hours. Specifically, the wallet sold 226,961 UNI, 33,215 LINK, 845,806 CRV, and 5.25 YFI. This move immediately raised market alertness—what does the hacker's revival mean? Is it planning to liquidate all stolen assets or preparing for large-scale cash-out? Based on on-chain data, this asset is substantial, and the subsequent market pressure cannot be underestimated. Industry experts recommend paying attention to the wallet's future actions, especially the potential impact on the liquidity and short-term price trends of these tokens.
Is this hacker's move to dump the market or do they have other plans... Cashing out 2.11 million dollars all at once, the pressure is really terrifying.
These large-scale dumps will eventually impact liquidity. Let's keep an eye on it.
$2.11 million cashed out in one day? The pressure is really overwhelming.
It's UNI, LINK, CRV again. This guy's taste is quite particular.
Who can withstand the subsequent dump? Gotta keep a close eye on this wallet.
Hacker: I'm just here to liquidate. Please make way, everyone.
I just want to know if this guy really plans to liquidate everything at once or if he's selling in batches. By the way, UNI and LINK are okay, but I'm worried about CRV with 850,000 tokens being dumped all at once.
If another wave of selling happens in this market, a few trading pairs might suffer.
Speaking of which, the hacker incident from several years ago is still ongoing. They really should add this address to the blacklist.