Hackers have mostly sold off UNI (about $39.6 million), ENA (about $33.9 million), PEPE (about $31.6 million), LINK (about $26 million), AAVE (about $14.27 million), ONDO, WLD, and others. The direct selling pressure from these tokens has largely been released.
Post
--
kiri亏麻了
·
--
BearishWhat coins does the hacker still have left to sell?
The hacker still has roughly $2.9–3.3 billion in movable assets. The core strategy is crystal clear: convert everything that can be frozen into assets that cannot. Stablecoins worth $2.5–3 billion have already been frozen, while the remaining altcoins are continuously being dumped for ETH. ETH is currently the only asset that is still “growing” in the hacker’s holdings.
The main course: BTC and ETH
BTC: 18,270 coins (about $1.44 billion) have not been moved yet. Bitcoin has the best liquidity and is the hardest to freeze, so the hacker is unlikely to dump it all at once. More likely, they will sell in batches, through OTC deals, or gradually. This is the biggest potential source of selling pressure ahead.
ETH: Holdings have grown to about 467,000 coins (around $1.06 billion), and the remaining altcoins are still being converted into ETH. Once the laundering is complete, this ETH will also become a major source of funds for future cash-outs.
The side dish of altcoins: most have been cleared out, and the rest are still being converted into ETH
According to Lookonchain data, several of the larger holdings have been almost completely sold, with about 70,000 ETH received in exchange:
Almost completely sold: UNI (about $39.6 million), ENA (about $33.9 million), PEPE (about $31.6 million), LINK (about $26 million), AAVE (about $14.27 million), ONDO, WLD, and others. The direct selling pressure from these coins has largely been released.
Still being sold off or carrying remaining selling pressure:
ARB: about 74.56 million coins (around $11.5 million) — The Arbitrum Security Council urgently transferred the relevant funds, and the freezing action was relatively quick
FUN: about 715 million coins (around $6.3 million)
ZAMA: about 87.85 million coins (around $6 million)
ZRO: about 3.6 million coins (around $5.7 million)
RSR: about 3.38 billion coins (around $5 million)
The remaining altcoins amount to roughly $180 million in total and will continue to be converted into ETH. None of the individual holdings are very large, but short-term sell-offs may have a more noticeable impact on coins with average liquidity.
Selling pressure from altcoins is easing rapidly. The real things to watch are the 18,270 BTC and nearly 470,000 ETH already accumulated. These two assets are the main sources of future cash-outs and potential selling pressure. He Yi has stated that Binance will bear all the losses and that user funds are safe, which can help stabilize confidence. But as long as these nearly $3 billion in BTC and ETH on-chain have not been fully recovered, they will remain a sword hanging over the market.
👏 Join the group to discuss on-chain address activity and progress on freezing the funds. The pace matters more than expected.
#ETH
The hacker still has roughly $2.9–3.3 billion in movable assets. The core strategy is crystal clear: convert everything that can be frozen into assets that cannot. Stablecoins worth $2.5–3 billion have already been frozen, while the remaining altcoins are continuously being dumped for ETH. ETH is currently the only asset that is still “growing” in the hacker’s holdings.
The main course: BTC and ETH
BTC: 18,270 coins (about $1.44 billion) have not been moved yet. Bitcoin has the best liquidity and is the hardest to freeze, so the hacker is unlikely to dump it all at once. More likely, they will sell in batches, through OTC deals, or gradually. This is the biggest potential source of selling pressure ahead.
ETH: Holdings have grown to about 467,000 coins (around $1.06 billion), and the remaining altcoins are still being converted into ETH. Once the laundering is complete, this ETH will also become a major source of funds for future cash-outs.
The side dish of altcoins: most have been cleared out, and the rest are still being converted into ETH
According to Lookonchain data, several of the larger holdings have been almost completely sold, with about 70,000 ETH received in exchange:
Almost completely sold: UNI (about $39.6 million), ENA (about $33.9 million), PEPE (about $31.6 million), LINK (about $26 million), AAVE (about $14.27 million), ONDO, WLD, and others. The direct selling pressure from these coins has largely been released.
Still being sold off or carrying remaining selling pressure:
ARB: about 74.56 million coins (around $11.5 million) — The Arbitrum Security Council urgently transferred the relevant funds, and the freezing action was relatively quick
FUN: about 715 million coins (around $6.3 million)
ZAMA: about 87.85 million coins (around $6 million)
ZRO: about 3.6 million coins (around $5.7 million)
RSR: about 3.38 billion coins (around $5 million)
The remaining altcoins amount to roughly $180 million in total and will continue to be converted into ETH. None of the individual holdings are very large, but short-term sell-offs may have a more noticeable impact on coins with average liquidity.
Selling pressure from altcoins is easing rapidly. The real things to watch are the 18,270 BTC and nearly 470,000 ETH already accumulated. These two assets are the main sources of future cash-outs and potential selling pressure. He Yi has stated that Binance will bear all the losses and that user funds are safe, which can help stabilize confidence. But as long as these nearly $3 billion in BTC and ETH on-chain have not been fully recovered, they will remain a sword hanging over the market.
👏 Join the group to discuss on-chain address activity and progress on freezing the funds. The pace matters more than expected.
#ETH
