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COINOTAG News, citing Lookonchain monitoring, reports that an anonymous hacker executed a panic sale during the current market downturn, unloading 2,243 ETH at $3,589 per unit (approximately $8.05 million in total). The move highlights a classic risk-off reaction in illiquid conditions, with large holders liquidating positions as volatility spikes in Ethereum markets.
From a liquidity perspective, the transaction adds near-term selling pressure to the crypto market and could heighten ETH volatility in the wake of the sale. Traders will monitor order-book depth, flow from related addresses, and macro catalysts to assess whether this is isolated activity or signaling broader risk-off sentiment. The report reflects verifiable data, not a forecast.
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