- Oxinfin Hacker buys 17,696 ETH at $ 49.5 million.
- Ethereum investors remain optimistic despite a decrease in 3.49 % over the past day.
Last week, ethereum [ETH] It was in the middle of the scandals. In the aftermath of the BYBIT penetration a few days ago, investor concerns were treated soon, as ETH supplies on the stock market became stable again.
However, there was another penetration.
Hacker buys 17,696 ETH
Last day, another source of concern has faced Ethereum. This follows a new account created, and 49.5 million Dai has been spent on buying 17,696 ETH code.
Initially, Lokonchain reported this deal as a huge whale accumulation. Soon after, the transaction was marked as penetration.
As mentioned before LookonchainStableCoin Bank Oxinfini has been hacked, and stolen $ 49.5 million. Then the infiltrator replaced $ 49.5 million for 49.5 million Days.
Use this stablecoins to buy 17,696 ETH. After the purchase, these symbols were transferred to the newly created account, which was reported earlier as an accumulation of the whale.
Such a penetration is bad news, not only for oxygenini but also for ETH because of its constant association with infiltrators.
A bad reputation can affect the feelings of the investor in Ethereum, which leads to a negative impact on price schemes.
Any effect on ethereum?
As expected, this news negatively affected the ETHEREUM price. As of the writing of these lines, Ethereum was trading $ 2705. This represents a 3.49 % decrease on daily plans.
On an equal footing, the ETH decreased through the plans, as it decreased on the weekly and monthly plans by 2.89 % and 18.8 %, respectively.
Source: Cryptoquant
Despite the constant decrease in their price plans, Ethereum investors are still optimistic. As such, investors continue to buy ETH.
This is evident by the buyer of the buyer in Taker, which increased to 1.085 of a decrease of 0.9. When the buyer indicates 1, it means that there is a purchase higher than the sales orders.
Thus, ETHEREUM is currently witnessing a higher purchase pressure.
Source: Cryptoquant
In addition, American investors, especially institutions, continue to assemble ETH.
This purchase activity is confirmed by the Coinbase Positive Index, which was recovered during the past day after declining to negative lands.
When the Coinbase premium is positive, it means that American investors buy the power.
Source: Santime
Finally, the continued purchase activity has strengthened Ethereum in the market. As such, the ETH ratio increased to the flow flow over the past week to 99.13.
When the SFR rises, it means that the ETH on the supply has decreased for the order. High scarcity helps to push prices up if the demand remains constant or rises.
In conclusion, though ethereum The news of a scandal witnessed, this has not yet affected the investor’s feeling. With buyers trying to restore the market while the sellers active as well, ETH is left at a crossroads.
Therefore, the prevailing market conditions mean that Ethereum will continue to trading sideways in the range of $ 2.5 thousand and 2.8 thousand dollars.
