A post by @lookonchain on X.

The hacker behind the Mercado Bitcoin exploit has liquidated a basket of altcoins—including PEPE, AAVE, UNI, ONDO, and ENA—converting the proceeds entirely into Ethereum. Following the swaps, the attacker's wallet now holds 7,988 ETH, valued at roughly $18.19 million, according to on-chain tracker Lookonchain. The move consolidates the stolen funds into the largest liquid crypto asset, a common pattern among exploiters seeking to reduce volatility and simplify exits. It matters because the altcoin sell-off can pressure spot prices for the affected tokens while concentrating the hacker's exposure in ETH. Traders will now watch whether the 7,988 ETH is bridged, staked, or gradually sold, and whether the affected altcoins recover once the overhang clears.