Binance hacker dumps over 130 altcoins on EVM chains, swapping them for approximately $279 million.

Binance hackers dumped more than 130 altcoins across EVM chains on November 1, converting the proceeds into roughly 123,400 ETH and 1.69 million USDC, worth about $279 million in total, according to Lookonchain monitoring. The largest single sales included approximately 7.02 million UNI swapped for 17,585 ETH, 217 million ENA for 15,288 ETH, and 7.77 trillion PEPE for 14,049 ETH. The scale of the offloading puts selling pressure on tokens held in the hacked wallets and highlights the hacker's shift into ETH and stablecoins, likely to reduce exposure to smaller assets. Market watchers should monitor whether the hackers continue liquidating remaining holdings, move funds toward exchanges, or begin converting the ETH stash, which could weigh on ETH and the affected altcoins.