Newly Riched Ethereum Wallet Swaps & Invests in Solana Amidst Coinbase Theft

A wallet suspected of being linked to a significant theft from Coinbase has been making notable cryptocurrency investments, despite already experiencing losses following the recent surge in Ethereum’s price. The wallet, identified by blockchain analytics firm Arkham and Lookonchain, purchased over 38,000 SOL worth roughly $209 per coin shortly after exceeding the $4,500 mark, as indicated by data from on-chain platform Lookonchain. This purchase, however, now stands at a paper loss due to the recent price decline in Solana.