Whale Accumulates 20,161 ETH Amid Market Dip: OKX Data Signals Potential Breakout

A major Ethereum (ETH) whale has made a staggering purchase of 20,161 ETH, worth approximately $32.7 million, within a 24-hour window, according to data from Lookonchain. This aggressive accumulation comes as ETH hovers around critical price levels, sparking speculation of an impending breakout. Analysts suggest the whale’s move indicates strong confidence in Ethereum’s near-term upside potential, with OKX market data revealing heightened trading activity. The transaction underscores growing institutional interest in ETH despite recent market volatility, potentially signaling a bullish reversal ahead.

20,161 Ethereum Scooped By Single Whale, ETH Price Breakout Ahead?

As Ethereum (ETH) price hovers around crucial levels, one whale has grabbed significant attention by scooping up 20,161 ETH coins in just 24 hours. This substantial purchase, valued at approximately $32.7 million, suggests growing confidence in a possible price spike. market analysts are closely monitoring ETH for a potential price reversal. According to data analytics platform Lookonchain, the whale took advantage of the market downturn to make the purchases in two separate transactions.

Phantom Wallet Sued Over $500K Memecoin Exploit

Crypto wallet provider Phantom is facing a lawsuit after an alleged security flaw allowed hackers to steal over $500,000 worth of Wiener Doge memecoin tokens. The complaint, filed in New York, accuses Phantom of negligence, fraud, and deceptive practices. The hacker accessed the private key from Phantom’s browser extension memory, a vulnerability the company knew about but allegedly never fixed or disclosed. The attacker drained three Phantom wallets and converted the stolen memecoins into Solana (SOL) using OKX’s smart contract routing without bypassing two-factor authentication.