The group behind the WazirX exploit has cashed out much of its ill-gotten gains, which analysts say has had a major impact on some prices.
Alex Svanevik, CEO of blockchain analytics firm Nansen, noted: On Twitter The organization behind the hack of Indian exchange WazirX, which has been suggested to be a North Korean hacking group, has become a top seller on Uniswap (UNI). UNI’s Nansen data It appears that the address in question has sold $859,514 worth of tokens over the past seven days.
Similarly, the group, believed to be from North Korea, also topped the buying and selling charts for Chainlink (LINK) and The Sandbox (SAND). According to Nansen data, the group $2.77 million in chainlink and $1.6 million in SAND Last 7 days.
Then, from the company’s main account Tweet The exploiter claims that only $5 million remains in the wallet, with the remainder consisting primarily of Celer Network (CELR), Ooki (OOKI), and Frontier (FRONT).
Market reacts to WazirX Hacker sale
despite this, According to CoinMarketCap data:Chainlink has risen 2.57% over the past seven days and is trading at $14.16. Similarly, The Sandbox has risen 2.57% over the past seven days and is trading at $0.3371. 3.61% profit Over the past seven days, Uniswap has been trading in the red for most of the past seven days, including before the hack, but is currently trading at $7.91. Down 6.1% in the past seven days.
The same cannot be said about the push protocol (PUSH). Tokens have It has fallen 24% in the past seven days and 32% in the past 24 hours.It has rebounded 28% from a low of $0.08022 hit early Monday morning and is currently trading at $0.1027. According to data from Nansen, the WazirX hacker wallet has sold $529,167 worth of PUSH over the past day, while the next highest selling wallet only sold $11,133, highlighting low liquidity.
24-hour price charts for Push Protocol and The Sandbox. Source: CoinMarketCap
24-hour price charts for Push Protocol and The Sandbox. Source: CoinMarketCap
The difference in impact is mainly due to different levels of liquidity: Push Protocol has a market cap of just under $6.2 million and a 24-hour trading volume of just under $4.9 million at the time of writing.
Chainlink has a market cap of around $8.6 billion and a trading volume of over $421 million, compared to The Sandbox’s $767 million and $69 million, respectively. Uniswap has a market cap of $4.74 billion and a trading volume of around $158 million.
Editor: Stacey Elliott.
