A hacker associated with Bybit is reportedly transferring Ethereum (ETH) to Solana (SOL), raising concerns among cryptocurrency observers. The hacker's actions could potentially disrupt the market by deploying thousands of Ethereum validators, buying NFTs, or launching themed meme coins. As this activity unfolds, both Ethereum and Solana are experiencing declines in value, indicating a turbulent market environment. The motivations behind the hacker's decision to bridge ETH to SOL remain speculative, with some suggesting a bullish sentiment towards Solana.