Coinbase Hacker Drops $8 Million on SOL—Here’s Why That Matters

Crypto's latest irony: the very hacker who breached Coinbase just poured $8 million into Solana. Talk about betting on the house—after robbing it.

Follow the Money—and the Motive

That $8 million buy isn't just a flex—it's a signal. SOL’s tech stack, speed, and ecosystem momentum make it a prime candidate for big moves, even criminals see it. They aren’t dumping—they’re doubling down.

Market Mechanics in Play

A move this size doesn’t slide under the radar. It shakes liquidity, hints at conviction, and yes—sometimes even the shady players spot value the rest of us debate on Crypto Twitter.

Not Your Typical Exit Strategy

Most hackers cash out fast. This one didn’t. Instead, they went long on a top-tier altcoin—making you wonder: do they know something the SEC doesn’t? Or is this just another crypto plot twist where the villain invests better than your retirement fund?

The notorious hacker who stole more than $300M from Coinbase has recently performed an exclusive acquisition of solana ($SOL) tokens. As per the data from Onchain Lens, the Coinbase hacker has spent $8M to purchase $SOL. The on-chain analytics provider disclosed on social media that the hacker carried out this acquisition within a couple of hours. Overall, the respective activity took into account diverse chains and wallets to complicate the tracking.

The #Coinbase hacker, who stole over $300M+ from users, has bought 38,126 $SOL, worth $8M, in the past 2 hours.

Addresses:

– 7reyCVVxQpkBjFxauBtdzBWynEh3y6MvGPwuRwwn7Doh
– 0xcC434153CD323b8537d245920a8e8e0Aa3C3c638 https://t.co/8iToRCcHQb pic.twitter.com/99rXQ6Gu1q

Coinbase Attacker Purchases 38,126 $SOL by Spending 26,347 $ETH

The Coinbase hacker, who possesses the wallets “0xcC3…3c638” and “7reyC…n7Doh,” has purchased 38,126 $SOL for $8M within 2 hours. This development takes place considerable time after the hacker stole up to $300M from Coinbase. During this time, the exploiter has been actively accumulating as well as redistributing assets. Particularly, in July this year, the hacker swapped $12.5M in $DAI for up to 4,863 $ETH. Apart from that, on May 22, the attacker sold almost 26,347 $ETH.

Hacker Performs $ETH and $USDC Movements to Mask Origins

According to Onchain Lens, the Coinbase attacker’s transfer history presents a pattern involving receiving, bridging, as well as transacting funds across diverse chains. Specifically, $ETH and $USDC have been frequently shifted by the exploiter between the wallets. The respective movements indicate an endeavor to obfuscate the funds’ origin while keeping access to significantly liquid assets intact. Moreover, the exploiter continues to shift holdings, and the latest $SOL acquisition is another such example.