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The Pando Rings hacker just bought the ETH dip — and that should make you think twice. 🛰️ What does it mean when even a hacker sees $1,600 ETH as a bargain? On-chain data confirms: the Pando Rings exploiter moved 10M DAI to acquire 6,243 ETH at roughly $1,602 per coin, roughly 9 hours ago. Wallet: 0x303D0A175CeEC14DD7B3d4F60CABE6CEc06a3d9F. This isn't a retail whale or a fund manager. This is an entity that stole millions — and chose to park the loot into Ethereum at these levels. That's a signal worth tracking. Why it matters: - Bull case: If a hacker with zero emotional attachment to the market sees value here, it suggests deep liquidity zones are forming. ETH is attracting capital from the most unlikely corners — a potential bottoming pattern. - Bear case: Hackers often need to launder or move funds. This could be a tactical swap, not a conviction buy. ETH could still face selling pressure if they dump into strength. The takeaway: When bad actors start buying your dip, the narrative shifts. This isn't about trust — it's about where smart, ruthless capital is flowing. 🌌 Disclaimer: Not financial advice. Do your own research. $ETH #Ethereum #OnChain #CryptoMarket