TokenomicsTrapper

Whale wallet 0x3c9E panic-sold 4,000 ETH after the market downturn, cashing out approximately $12.44 million, showing a rapid shift in market sentiment. Previously, he had also heavily increased his ETH holdings, investing $39.44 million, but just 11 hours before the sell-off, he was still adding to his position, reflecting the emergence of market pressure.

A former market whale experienced a brutal crash within six days, dropping from $4.1 million to less than $800,000, setting the record for the largest single liquidation. The chain reaction caused its account funds to continuously decrease, and when it reached $10,000, it attempted to buy the dip but chose to close the position, losing nearly $4 million in seven days and becoming a market spectator.

On January 31st, Jinan will host a high-profile offline salon with the theme of "Crypto×Hong Kong and US Stocks×Options," focusing on trading strategies, AI applications, and market liquidity. The event welcomes participants with trading experience and aims to explore the market direction for 2026 in depth.

On January 20th, multi-chain DeFi execution engine Makina was hacked on the Ethereum mainnet, resulting in a direct loss of over 5.1 million USDC. The attacker exploited a price manipulation vulnerability, artificially inflating the value of liquidity provider assets to carry out arbitrage operations and transfer funds. This incident serves as a warning that DeFi projects face risks in price feeding and asset valuation processes, and users should choose audited and secure platforms.

The recommendation system on Platform X is being improved, and the development team has decided to fully open-source the new algorithm to enhance transparency and user trust. This algorithm uses the same Transformer architecture as xAI's Grok model, and new versions are released every 7 days, allowing users to track algorithm updates in real-time. This reflects the Web3 ecosystem's emphasis on openness and verifiability.

The Georgia Department of Banking and Finance has issued a cease and desist order against Crypto Dispensers for operating without a Money Transmitter license. This incident serves as a warning that compliance challenges in the virtual currency industry are increasing, with regulatory scrutiny becoming more stringent across states, reminding practitioners to take compliance risks seriously.

LayerZero recently posted a mysterious message on social media, mentioning "2.10.26," sparking community discussions and speculation. A major announcement is expected around February 10, potentially involving protocol upgrades or new features, which could impact the cross-chain industry.

The SynapLogic contract swapExactTokensForETHSupportingFeeOnTransferTokens has a vulnerability. Attackers can bypass the whitelist mechanism and specify their own profit address, resulting in approximately $186,000 being stolen. This incident serves as a reminder for developers to perform strict parameter validity checks in token transfers and whitelist logic.

A lifestyle company collaborates with an eco-city to bring high-end residential projects onto the blockchain. Properties are divided into digital assets, enabling tokenization of ownership rights. This model lowers investment thresholds, enhances transparency, allows global investors to participate, and provides regular returns, reflecting the trend of integrating traditional assets with blockchain technology.

Bhutan's Sovereign Wealth Fund Druk Holdings recently conducted a large-scale ETH purchase through its wallet, extracting 42,000 ETH and $54 million USDT, swapping USDT for ETH and investing in Aave. At the same time, they lent out 275 million USDT, with a leveraged position of 117,000 ETH, reflecting strong institutional confidence in ETH, which is worth continuous observation.

Earlier this morning, a transfer of over 109 BTC triggered market attention, valued at approximately $10.08 million. After the transfer, the recipient quickly moved part of the BTC to well-known market maker GSR Markets, indicating that there may be further liquidity needs. Such large transfers are often related to market events, and it is important to monitor subsequent price and trading volume changes.

Tech giant Meta's expectations for the metaverse are gradually waning, with Reality Labs laying off 1,500 employees, halting several VR projects, and shifting focus to AI. Despite cumulative investments exceeding $73 billion, the department remains unprofitable. This highlights how strategic shifts by major companies impact the market.

Louisiana State Employees' Retirement Fund holds $3.2 million worth of MicroStrategy stock, indicating that traditional institutions are participating in the Bitcoin market indirectly. MicroStrategy has accumulated 687,000 Bitcoins and plans to purchase an additional 13,627, sparking both market support and criticism, reflecting institutional interest in crypto assets.

HBAR recently declined from the 7-day moving average resistance at $0.119 to $0.117. The MACD selling pressure has eased, but the bulls have not taken control yet. The key support level at $0.115, if broken, could lead to a drop to $0.103. The market is in a cautious sideways state, and the short-term trend will depend on whether the support level can hold.

Chainlink's recent trading volume has surpassed $27.6 trillion, demonstrating its key role in the transition from traditional finance to Web3. Major institutions have integrated Chainlink technology into their core operations, proving its effectiveness. At the same time, Chainlink is rapidly evolving into a comprehensive computing environment, supporting over 2,500 projects, enabling cross-chain collaboration, and enhancing industry liquidity and efficiency.

Recently, a whale bought a total of 50,537.79 ETH within 24 hours, with a total investment of $162 million, demonstrating strong confidence in the market. This operation is not a one-time transaction and may indicate future market trends worth paying attention to.

On-chain data shows that a recently activated wallet withdrew 25 million USDT and USDC from top exchanges and then invested the funds into the Hyperliquid ecosystem, indicating its intention to buy HYPE. These operations are professional, suggesting its strategic layout within the Hyperliquid ecosystem.

【BitPush】Here's an interesting trading case. Two days ago, when GAS's market cap dropped to around $1,000, a large whale entered the market to buy the dip, investing $211,000. Logically, this was not a bad timing, but what happened? The price didn't rebound; instead, it continued to fall. Now, GAS's market cap has dropped to $1.57 million, and the position is showing an unrealized loss of nearly $170,000. What does this tell us? It's very difficult to precisely hit the market bottom. Even a powerful whale can misjudge the direction; no matter how much money they have, it can be wasted. GAS's trend may still be in the bottoming-out phase, and whether it will stop falling or continue to decline remains uncertain.

At the beginning of 2025, data from cryptocurrency exchanges showed a contrasting picture: CEX spot trading increased by 3.6% year-over-year, while contract trading surged by 27%; however, the app downloads of mainstream CEXs declined by 35.47%. This indicates that although trading volume has increased, the number of users has decreased, prompting reflections on the reasons behind this trend.