Hacker from Radiant Capital invests 23.7 million USD in Ethereum, having earlier sold it for 4.700 USD each.

In the world of Ethereum trading, one player has remained conspicuously active and successful – the Radiant Capital hacker. Despite their illicit origins, this anonymous trader has managed to amass a portfolio valued at over $104 million, nearly doubling the original $53 million stolen last year.

On August 20, 2021, the hacker made their first significant purchase, buying 21,900 ETH at an average price of $2,420 for long-term storage. Since then, their trading strategy has been evident – exploiting Ethereum's volatility by buying at lows and selling at highs.

This approach has proven successful, with the hacker selling 3,931 ETH at $4,726 in August 2021, securing another $18.5 million. On August 14, they sold 9,631 ETH at an average price of $4,562, earning 43.9 million DAI. Six days later, they bought 4,914 ETH at $4,167, worth $20.4 million.

Each large-volume buy or sell order by the hacker has the potential to influence Ethereum's short-term sentiment. Their aggressive buying and selling activities have caught the attention of traders tracking whale movements, and market observers point out how sophisticated hackers often maintain profits long after the initial attack.

The hacker's portfolio also includes tens of millions in stablecoins, and their wallet now contains an estimated 13,300 ETH. Javier García Díaz, the mastermind behind the hack, last made a significant purchase of Ethereum in April 2023.

The hacker's trades have sparked discussions among analysts and traders. Some argue that they highlight the challenges regulators face in preventing illicit funds from circulating in crypto markets. Others see them as a reflection of Ethereum's resilience, even from unconventional actors.

The hacker's trading activities continue to make headlines despite their anonymity. Their success story serves as a reminder of the potential risks and rewards in Ethereum's volatile trading environment. Despite being linked to illicit funds, the hacker remains one of the most visible and surprisingly successful players in this dynamic market.