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WazirX hacker acquires additional 43,799 Ethereum selling other Altcoins

Posted on by Audrey

According to on-chain statistics, the WazirX hacker exchanged all of the stolen cryptocurrencies for Ethereum, accumulating 59,097 ETH in total.

Indian exchange WazirX hit by $235 million hack, North Korea link suspected

The WazirX hacker has reportedly changed all of the stolen cryptocurrencies into Ethereum (ETH), according to the most recent on-chain statistics. After recent swaps, the hacker reportedly now possesses more than $201 million in Ethereum. This news comes only four days before the spot Ethereum ETF is expected to begin.

WazirX hackers swaps Alts for Ethereum

The WazirX exploiter now has 59,097 ETH worth of Ethereum, according to on-chain data source Spot on Chain. This is a significant increase in holdings. This comprises:

  • 15,298 ETH ($52 million) stolen directly from the exchange.
  • 43,799 ETH ($149 million) obtained by liquidating various assets, notably 5.43 trillion SHIB ($90.2 million), 20.5 million MATIC ($10.2 million), and 640.27 billion PEPE ($7.48 million).

The exploited hasn’t taken any other action with these ETH holdings, according to Spot on Chain. Interestingly, the exploiter still possesses additional cryptocurrencies valued $12–$15 million, such as FRONT, OOKI, CELR, and CHR.

Given that the spot Ether ETFs will begin trading next week, it appears that the WazirX hacker is also placing bets on the impending Ethereum price surge. Following the exploit, the prices of the other cryptocurrencies saw significant corrections, while Ethereum’s price stayed steady at $3,420.

Shiba Inu fell by over 10% on Thursday as a result of the hacker’s big selling.

Ethereum price action ahead

Before the spot Ethereum ETF is approved, which is expected to happen next week, Ethereum investors are still quite enthusiastic. The price of ETH has already increased by 10% in the previous week as the market as a whole has recovered, reaching $3,500. In the weeks after the ETF debut, market observers expect ETH to rise to $4,000 and higher.

Ethereum’s technical chart configuration now appears positive as well. Analyst Income Sharks predicts that before ETH resumes its strong rise, there may be a slight retracement to retest the trendline.

Check Out the Latest Prices, Charts, and Data of ETH/USDT

XRP Ledger (XRPL) transactions up 80% on micropayments boost

An 80% increase in transaction growth in only one week has been attributed to the expansion of micropayments on the XRP Ledger.

Ripple Injects $1.3M to Bootstrap Promising XRP Ledger (XRPL) Projects: Guest Post by Coingape News Media | CoinMarketCap

The XRP Ledger (XRPL) has experienced a significant increase in the number of transactions, as of late. There may have been a number of micropayments made on the network, which significantly increased this measure.

The growing XRP Ledger micropayments trend

The rise in transactions per second (TPS) on the XRPL was emphasized by Kirjakulov, the CEO and co-founder of XPMarket. He thinks there is no clear reason why the TPS has been abnormally high for the last two weeks. To put things in perspective, there were 2.3 million transactions recorded on the XRPL as of July 8. After eight days, it had increased by an incredible 80% and was now at 4.15 million.

There are theories as to what could have started the increase. Some experts speculate that the influx of new users may have led to a spike in activity. While cryptocurrency aficionados continued to puzzle over what may have caused the surge in such a short period of time, XRPScan verified that micropayments accounted for the majority of transactions.

The increase in the amount of transactions was partly attributed to this type of payment. Every day, they were adding at least 671,000 transactions.

Examining the XRPScan platform validated the assertions made about micropayment transactions. It was discovered that in a matter of seconds, several transactions totaling 0.000043 to 0.000045 XRP were started and finished. The protocol is unaffected by the fact that micropayments accounted for the majority of transaction contributions on the XRPL. It’s a commendable accomplishment to get an 80% in eight days.

XRPL ecosystem registers more win

Within the XRPL ecosystem, last month saw the Automated Market Maker (AMM) achieve 10 million XRP. The AMM went operational on the mainnet in Q1 2024. The increase was a direct result of XRP’s expanding acceptance and application inside the Decentralized Finance (DeFi) ecosystem. More information about XRPL’s accomplishments and results was provided by Ripple CEO Brad Garlinghouse in a Q1, 2024 market report.

Apart from the XRPL AMM function, another change gained attention. This change, known as the “fixAMMOverflowOffer,” assisted in addressing unusual payment methods. The container overflow issue that was discovered following the AMM engine’s debut is fixed by the “fixAMMOverflowOffer” clause.

Whales have lately been spotted hoarding XRP, the cryptocurrency. These XRP whales have lately purchased up to 139 million XRP from various cryptocurrency exchanges, according to on-chain statistics. As of the time of writing, XRP is trading at $0.5695, down 9.83% from the previous day.

This growth pattern indicates that the XRP Ledger transaction explosion has not yet affected the price as a whole.

Check Out the Latest Prices, Charts, and Data of XRP/USDT

Will Dogecoin’s post-halving wave drive prices higher? Bullish analysts weigh in

Interest in Dogecoin’s potential has increased as a result of price fluctuations, with some analysts projecting an optimistic Dogecoin price.

Dogecoin’s chart has a higher trend angle than past cycles, which analysts like Rickus have noticed. They forecast a breakthrough in five to six weeks and following resistance retests.

Growing transaction volumes and an increase in daily active addresses support this view.

As 90 million addresses already own Dogecoin, growing popularity indicates that there is still room for continued positive Dogecoin price forecast.

Dogecoin Price Prediction as DOGE Catches USDC's Market Cap

Dogecoin price rally driven by increased interest and analyst predictions

Dogecoin (DOGE) has recently seen a surge in value due to growing trader interest and improved key indicators. Dogecoin’s chart has a higher trend angle than past cycles, which analysts like Rickus have noticed. They forecast a breakthrough in five to six weeks and following resistance retests.

A post-halving surge is also anticipated by MikybullCrypto, which highlights optimistic indications including increasing transaction volumes (up 37.5%) and daily active addresses (up 2.3%).

Dogecoin usage is growing, as seen by the 90 million addresses that already possess the cryptocurrency.

These factors suggest bullish momentum for Dogecoin:

  • Growing transaction volumes: Up 37.5%
  • Increasing daily active addresses: Up 2.3%
  • Rising adoption: 90 million addresses holding Dogecoin

Thanks to these robust adoption measures, analysts anticipate possible breakout scenarios and post-halving rallies.

Dogecoin has a bright future ahead of it, as seen by the rising attention from traders and the increasing key indicators.

DOGE price gain support amid bullish cryptocurrency market

Dogecoin’s recent surge in value can be ascribed to the general optimism around cryptocurrencies, which has been especially stimulated by Bitcoin’s strong performance.

Due to important causes including the introduction of BlackRock’s iShares Bitcoin Trust and anticipation of interest rate reductions by the Federal Reserve, Bitcoin has lately climbed beyond $65,000 and even reached $66,000.

Dogecoin has benefited from this positive trend, with rising investor confidence and interest in digital assets fueling the cryptocurrency’s ascent.

A weaker US dollar and increased market confidence are helping both cryptocurrencies, highlighting the favorable climate for digital currencies in the face of uncertainty in the world economy.

DOGE price prediction

Dogecoin (DOGE) has down 3.20% in the past 24 hours and is currently trading at $0.119136. The cryptocurrency has had $697,615,560 worth of trade activity in a single day.

With a market valuation of $17,295,525,785 and a circulating supply of 145,174,106,384 DOGE coins, Dogecoin is ranked ninth on CoinMarketCap.

According to the 2-hour chart, Dogecoin’s price has fallen approaching the $0.1190 mark as a result of a breach in its bottom ascending channel. With a Relative Strength Index (RSI) of 44.14, the market appears to be in a gloomy mood.

Furthermore, the 50-day Exponential Moving Average (EMA) is behaving as a resistance level because it is situated at $0.12024, which is somewhat above the current price.

Check Out the Latest Prices, Charts, and Data of DOGE/USDT

1721358452 doge

One important price level to keep an eye on is the pivot point at $0.12013. The $0.12376 level is the immediate barrier, while the $0.12650 and $0.12956 levels are the further resistance levels.

The first support on the downside is at $0.11692, with $0.11401 and $0.11075 following suit. It is crucial for traders to monitor these levels, as they will reveal the likely future moves of Dogecoin.

Traders had to exercise caution and keep an eye out for any breaks over $0.1200 in order to anticipate any positive reversals.

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