Coinbase Hacker Wallet Buys $18.9M ETH, Price Spikes 4.5%

- Wallet tied to $300M hack buys $18.9M ETH, shocks analysts - ETH price surges 4.5% amid whale and staking trends The infamous wallet linked to Coinbase’s $300 million hack has resurfaced with a high-stakes Ethereum purchase, a move that once again raises questions about crypto security. On September 13, 2025, CoinCentral reported that on-chain data showed the wallet buying $18.9 million worth of Ether. The wallet acquired 3,976 ETH at $4,756 per token, and this purchase sparked a 4.5% price surge that pushed Ethereum to its highest value in two weeks. The transaction gained attention when the wallet first consolidated DAI, a widely used stablecoin, before executing multiple Ether purchases. Analysts closely monitor this wallet due to its history of high-profile trades. Previously, the wallet has made significant Ethereum transactions and acquired other cryptocurrencies like Solana, and such activity underscores the ongoing influence of whale wallets in the crypto market. This purchase aligns with Ethereum’s broader market momentum, which is driven by rising staking activities, institutional demand, and strategic whale movements. In addition, the growing interest in Ethereum ETFs has further amplified the crypto’s recent upswing in value. As Ethereum continues to attract diverse market players, the hacker wallet's action adds another layer of intrigue to its already controversial history. As of 15:08 UTC on September 13, Ethereum (ETH) is trading at $4,699.88. According to CoinMarketCap, this price represents a 3.66% increase over the last 24 hours.