A look at it from the perspective of capital: On-chain detectives | The Pando Rings hacker bought 7,548 ETH and transferred 4,000 ETH to Tornado Cash
When news breaks, two things usually happen in the market at the same time:
· Early movers start looking for opportunities to exit
· Latecomer funds start entering the market
Which side has more strength determines where the price goes. $ETH 24h Trading volume: $479 million. Watch for any unusual surge in turnover.