Radiant Hacker Buys $ETH Dip with $8.64M DAI
Radiant Capital hacker spends $8.64M DAI to buy 2,109 ETH at $4,096 amid market dip.
- Hacker used $8.64M DAI to buy 2,109 ETH
- ETH was bought at an average price of $4,096
- On-chain activity shows continued interest from exploiters
Hacker Turns Investor with Bold $ETH Purchase
In a surprising twist, the hacker behind the Radiant Capital exploit is back in the headlines—but not for another hack. Instead, the anonymous actor just made a massive investment, spending $8.64 million in DAI to buy 2,109.54 ETH at a price of $4,096 per ETH. This unexpected move signals a shift in strategy from theft to investment—or perhaps just smart money buying the dip.
On-chain analysts were quick to flag the transaction, which was executed roughly an hour ago. Despite the controversy surrounding the wallet’s origins, this kind of on-chain movement always attracts attention in the crypto community, especially when such a large amount of capital is involved.
Why This Purchase Matters
The Radiant Capital hacker’s wallet has long been watched by crypto sleuths and traders alike. Their latest move suggests a belief in Ethereum’s long-term value, even amid recent market volatility. This isn’t just a technical trade; it could be seen as a vote of confidence in ETH from someone who’s shown the ability to play the game ruthlessly.
Moreover, this purchase puts the hacker among the largest recent buyers of ETH on-chain. While it’s unclear what their endgame is, such a significant accumulation may hint at future strategies—possibly using ETH as collateral, engaging in staking, or positioning for a broader market rally.
The Ethics Behind the Wallet
While some may view this activity as just another whale trade, it’s important to remember that these funds originate from an exploit. The question of legitimacy still hangs heavy over the wallet’s actions. Yet, the transparency of blockchain means we can see these moves in real-time—ethical or not.
As always, crypto moves fast, and sometimes, the most unexpected players can shift the narrative.
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