A WazirX hacker converted SHIB, MATIC, and PEPE into 43,799 ETH, holding $12-$15 million in altcoins, eyeing Ethereum's ETF rally.

WazirX Hacker's Conversion Strategy Boosts ETH Holdings

According to a report by Coingape, an on-chain data source, the total amount of Ethereum that the WazirX exploiter possesses has increased to 59,097 ETH, which is associated with a value of $201 million. This includes the following:

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

Remaining Altcoins Value Between $12-$15 Million

It has been reported by Spot on Chain that the exploiter has not taken any additional actions with regard to these ETH holdings. It is interesting to note that the exploiter still possesses alternate cryptocurrencies worth between $12 and $15 million, such as CHR, CELR, OOKI, and FRONT.

Anticipation Builds for Ethereum ETF Approval

Considering that the spot Ether ETFs are scheduled to go online for trading the following week, it would appear that the WazirX hacker is also placing a wager on the forthcoming Ethereum price surge. Ethereum's price has remained steady at roughly $3,400, in contrast to the other alternative cryptocurrencies, which experienced a significant price correction as a result of the exploit.

In response to the large selling that was coming from the hacker, Shiba Inu had a drop of more than 10% on Thursday.

Before the approval of the spot Ethereum ETF that is planned to take place the following week, the Ethereum investors continue to be highly thrilled. At the same time as the overall market has been recovering, the price of ETH has already increased by 10% over the course of the past week, reaching a high of $3,500. During the weeks that will follow the debut of the ETF, market observers anticipate that the price of ETH will rise to $4,000 and even higher.

At this point in time, the technical chart positioning for Ethereum appears to be positive as well. According to the expert Income Sharks, Ethereum may see a slight decline in order to retest the trendline before beginning a robust upward trend in the future.