$12.35 million worth of ETH suddenly transferred out. What is this hacker address doing?

According to the latest news, at 03:51 on January 11th, Beijing time, 4,000.9 ETH (worth approximately $12.35 million) was transferred from the Truebit Hacker address to an anonymous address. This large transfer has once again attracted market attention, especially against the backdrop of current ETH price fluctuations.

Transfer Details Overview

Key Data Summary

The transfer amount is quite significant. According to Arkham on-chain data:

• Transfer amount: 4,000.9 ETH
• Equivalent in USD: approximately $12.35 million (based on current ETH price of $3,088.18)
• Time of occurrence: January 11, 2026, 03:51
• Sending address: Truebit Hacker
• Receiving address: an anonymous address starting with 0xD841…

This transfer amount accounts for about 1.5% of ETH’s average daily trading volume, and a single large transfer like this can influence the market.

Special Nature of the Truebit Hacker Address

Truebit Hacker is a highly scrutinized on-chain address. According to public information, this address is related to a historical hacking incident involving the TrueBit project. Any large transfer activity from such addresses tends to attract high market attention, as it often signals potential selling pressure or changes in address activity.

Market Context and Impact Analysis

Current ETH Market Situation

Based on the latest data, ETH’s market performance remains relatively stable but with some pressure:

• Current price: $3,088.18
• 24-hour price change: +0.48%
• 7-day performance: -0.78%
• 30-day performance: -3.98%
• Market cap rank: #2, with a market share of 12.05%
• 24-hour trading volume: $804 million

In this market context, large transfers from hacker addresses are more likely to be interpreted as potential risk signals.

Market Significance of Whale Movements

From an on-chain data perspective, such large transfers generally reflect several possible scenarios:

1. Address activity resumes — a long-dormant address begins transferring funds, possibly indicating a change in fund flow
2. Selling pressure — transferring to exchanges or anonymous addresses, possibly preparing for subsequent trading
3. Risk transfer — moving funds from a known hacker address to a privacy address, which may be a risk management behavior

Since the receiving address is anonymous (starting with 0xD841…), the ultimate destination of the funds cannot be directly determined, adding to market uncertainty.

Follow-up Focus

From a professional perspective, key points to monitor include:

• Whether the receiving address will subsequently move funds to exchanges (potentially causing selling pressure)
• Whether the Truebit Hacker address will continue to have other large transfers
• Market reaction to this event (whether panic selling is triggered)
• Whether the project team will issue an official statement

Summary

This large transfer of 4,000.9 ETH is just a fragment of on-chain data, but the involvement of a special address like the Hacker address has garnered extra attention beyond the amount itself. In the context of recent weak ETH performance, whale movements are often amplified by the market. However, it is still premature to determine whether this will have a substantial impact on the market; the key lies in the final destination of the funds and subsequent actions. For holders, continuous monitoring of large on-chain transfers remains an important risk management approach.