Lookonchain: Mercado Bitcoin hacker swapped altcoins for ETH
Original headlineLookonchain：Mercado Bitcoin 黑客将山寨币兑换为 ETH
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Mercado Bitcoin hackers have swapped a basket of altcoins—including PEPE, AAVE, UNI, ONDO and ENA—into ETH and now hold 7,988 ETH worth roughly $18.19 million, according to Lookonchain monitoring cited on November 4. The consolidation into the largest altcoin by market cap signals the attackers are reducing exposure to volatile tokens and parking proceeds in more liquid assets. The move matters because it can amplify selling pressure on the named tokens while adding a visible ETH overhang tied to the exchange breach. Traders will watch whether the wallet continues converting holdings, stakes or bridges the ETH, or begins distributing funds to new addresses.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Mercado Bitcoin, ETH (ETH), Lookonchain, ENA (ENA), ONDO (ONDO), PEPE (PEPE), AAVE (AAVE), UNI (UNI)
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