Hupzy (Spot On Chain)|Aug 28, 2026 14:09
๐จ ๐ฎ๐ฐ๐ฐ ๐๐ง๐ ($19.42M) moved from Lazarus Group wallets โ North Korea's state hackers reactivating after dormancy. Destination not yet confirmed as an exchange, but Lazarus transfers historically precede laundering pipelines that introduce sell pressure.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: The reactivation matters more than the size. When Lazarus breaks dormancy, it typically starts a multi-stage laundering sequence โ splitting, mixing, routing through intermediaries before exchange deposits or OTC disposal. A confirmed follow-on transfer to an exchange-tagged address would sharpen this from watch to active sell pressure.
For BTC, $19.42M alone won't move the market โ it's a fraction of daily volume. The risk is sequential: if Lazarus routes to exchanges over coming days, it adds overhead supply at a time when BTC is already navigating key levels.
https://arkm.com/explorer/entity/lazarus-group
source: lookonchain
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