A wallet associated with the $300 million Coinbase hack has purchased 3,976 Ether for over $18.9 million at a price of $4,756 per token, as noted by onchain data. The transaction occurred recently and involved consolidating various amounts of DAI before executing multiple ETH purchases. Blockchain analysts have been tracking this hacker's wallet, which is linked to a major social engineering scam targeting Coinbase users. Previously, the wallet had made substantial trades, including purchasing other cryptocurrencies like Solana. The recent transaction coincided with Ether's price rise above $4,700. At the time of writing, ETH was trading around $4,718, representing a 4.5% increase over the past day, following a peak of $4,763, its highest in over two weeks.

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