In the ever-evolving world of crypto, where fortunes can flip in a flash, onchain detectives are keeping a close eye on big moves. Recently, the Twitter account OnchainLens spotlighted a major update on the notorious Coinbase hacker. This individual, or group, allegedly responsible for siphoning over $300 million from Coinbase users through sophisticated social engineering scams, has now poured $8 million into Solana (SOL). If you're new to this, social engineering involves tricking people into revealing sensitive info, like login credentials, often via phishing or impersonation.

This latest activity, captured in a tweet from OnchainLens, shows the hacker acquiring 38,126 SOL over the past two hours. The associated addresses include a Solana wallet 7reyCVVxQpkBjFxauBtdzBWynEh3y6MvGPwuRwwn7Doh and an Ethereum address 0xcC434153CD323b8537d245920a8e8e0Aa3C3c638. From the transaction logs, it looks like funds were bridged over, involving entities like "Bridge Taker" and "Token Millionaire," which are likely part of cross-chain transfer protocols.

To put this in context, let's rewind a bit. Back in May 2025, Coinbase revealed a massive cyber attack that could cost them up to $400 million, as reported by the BBC. Cybercriminals bribed rogue support agents to steal customer data, enabling targeted scams. Blockchain sleuth ZachXBT has been instrumental in tracking these funds, even getting taunted onchain by the hacker in one instance, per BanklessTimes.

Earlier in July, the same hacker made headlines by snapping up thousands of ETH with stolen DAI stablecoins. For instance, they bought 4,863 ETH for $12.5 million, as noted in an earlier OnchainLens post. DAI is a decentralized stablecoin pegged to the US dollar, often used in DeFi for its stability. The hacker's wallet 0xb574d779c391eac47fa09b6e50cb79cccb57a8c8 still held significant reserves, hinting at more moves.

Now, why Solana? This blockchain has become a hotspot for meme tokens—those fun, community-driven coins like Dogwifhat or Bonk that can skyrocket on viral hype. With its fast transactions and low fees, Solana attracts traders chasing quick gains. An influx of $8 million could mean the hacker is gearing up to dive into the meme coin frenzy, potentially pumping liquidity into new or existing tokens. For meme token enthusiasts, this could signal increased volatility or even new opportunities, but it also underscores the risks of illicit funds mixing into the ecosystem.

At Meme Insider, we track these developments to help you navigate the wild side of blockchain. While it's fascinating to watch these onchain sagas unfold, remember: crypto security is paramount. Use hardware wallets, enable two-factor authentication, and stay vigilant against scams. If this hacker's pivot to Solana sparks a meme coin wave, we'll be here to break it down.

What do you think—is this a sign of bigger plays in the Solana meme space? Keep an eye on those addresses for the next chapter.