TREE NEWS reports: The hacker behind the suspected Binance breach is swapping PEPE, UNI, LINK and other tokens into ETH on-chain, Lookonchain said on October 30. The wallet still holds large altcoin positions, including 217 million ENA worth about $39.51 million, 7.58 trillion PEPE worth about $34.41 million and 2.575 million LINK worth about $28.07 million. Lookonchain warned the tokens could face significant selling pressure.
Binance hacker sells PEPE, UNI, LINK on-chain, still holds $39.51M in ENA
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AI take
The market-relevant detail is not the swaps themselves but the visible, on-chain inventory still sitting in the wallet: a large ENA position alongside PEPE and LINK. Because the holdings are public, traders can front-run or fade anticipated sales, which can amplify pressure beyond the actual sell size. The open question is whether the wallet keeps liquidating into ETH or holds, and whether the remaining ENA becomes the next focal point.
Generated by AI for reference only.
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