- Most projects, such as Chainlink and Uniswap, have dismissed the selling. However, Push Protocol, which is valued at $6 million, dropped 32% in the previous day.
The hackers behind the WazirX exploit has liquidated a considerable portion of its illegitimate gains, as analysts have observed, which has had a substantial impact on some prices.
The top Uniswap (UNI) seller was revealed to be the gang responsible for the hack of the Indian exchange WazirX, which was attributed to a North Korean hacking outfit, as noted by Alex Svanevik, CEO of blockchain analytics firm Nansen, on Twitter. The address in issue has sold $859,514 worth of the coin over the last seven days, according to Nansen data for UNI.
In a similar vein, the group of hackers thought to be from North Korea also topped sales rankings for Chainlink (LINK) and The Sandbox (SAND). According to Nansen statistics, within the previous seven days, the hacker sold roughly $2.77 million worth of Chainlink and $1.6 million worth of SAND.
Subsequently, the company’s primary Twitter account tweeted that the exploiter’s wallet now contained only $5 million worth of money. The majority of the remaining is made up of Frontier (FRONT), Ooki (OOKI), and Celer Network (CELR).
Despite this, Chainlink has gained 2.57% over the previous seven days and is currently trading at $14.16, according to CoinMarketCap data. Comparably, The Sandbox has gained 3.61% in value over the previous seven days and is currently trading at $0.3371. Even prior to the hack, Uniswap was trading negatively for the majority of the previous seven days and lost 6.1% of its value. As of right now, it is trading at $7.91.
Regarding Push Protocol, this is untrue (PUSH). In the past seven days, the token has decreased by 24%, and in the past 24 hours, it has decreased by 32%. After rising 28% from its earlier Monday low of $0.08022, it is currently trading at $0.1027. According to Nansen data, the WazirX hacker wallet sold $529,167 worth of Push on the previous day. The low liquidity is highlighted by the fact that the next top seller only sold $11,133.
The varying degrees of liquidity are primarily responsible for the disparity in impact. Push Protocol has a market capitalization of less than $6.2 million and a 24-hour volume of less than $4.9 million as of the time of publication.
The Sandbox has a market valuation of $69 million and a volume of over $421 million, while Chainlink has a market cap of about $8.6 billion and a volume of over $421 million. Uniswap is valued at $4.74 billion on the market with a volume of approximately $158 million.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
