The attacker linked to Binance’s breach is reported to hold more than 420,000 ether, after converting stolen altcoins into Ethereum. One reported conversion alone involved 70,480 ether, valued at about $158 million. That puts the market’s focus on Ethereum and the risk of future selling. But the balance itself doesn’t show whether coins are being sold now. The immediate question is narrower: how far has Ethereum repriced during this episode?
48 one-hour candles draw down from $2,331.61 to $2,226.01, a 4.53% decline. Ethereum sits just above support at $2,218, below resistance at $2,254.
That gives a clear price move, but it doesn’t isolate how much came from the attacker’s holdings, or establish that the attacker has begun selling. The reported conversion into Ethereum explains why Ethereum is carrying the visible overhang. Ethereum was down 4.03% over the prior 24 hours in the brief, near $2,227. This price trace also can’t distinguish forced selling from traders choosing to reduce exposure. The next concrete checkpoint is whether any of the reported holdings move in a way that signals active selling pressure.