Eugene: Temporarily exit all markets, high probability of further market downturns

Jan 23 — Per monitoring from HyperInsight (via its Telegram channel @HyperInsight), the wallet tagged “20M Bandit” (0x880ac) closed a profitable long position in gold-backed token PAXG over the past hour. The position was held for 29 hours, netting a $13,800 profit. Immediately after exiting the long, the address flipped to short—currently holding a 5x leveraged short position of 25.929 PAXG with an average entry price of $4,968.67. This wallet uses an aggressive trading style, specializing in short-term high-leverage trades. It has accumulated a total lifetime profit of $110.8 million.

On January 23, the Bank of Japan (BOJ) kept interest rates unchanged for the coming month, citing market concerns over fiscal policy, inflation, geopolitical tensions, and ongoing volatility—all ahead of a general election. The BOJ’s policy board voted 8-1 to hold the short-term interest rate at 0.75%, with only board member Takashi Highsada dissenting. Highsada argued the price stability target had been largely achieved and proposed raising the short-term rate target from 0.75% to 1.0%. Markets are now on edge for any hawkish signals from the central bank. This follows Prime Minister Sanae Takamichi’s pledge to cut the consumption tax, which triggered turmoil in Japan’s government bond market and weighed on the yen. Some analysts warn the yen could face fresh pressure if BOJ Governor Haruo Ueda fails to clearly signal further rate hikes—especially as the BOJ aims to avoid a political backlash ahead of the February 8 early election.

January 23rd — Per LookOnChain monitoring data, WLFI advisor Ogle has taken a 5x leverage position over the past two hours, currently holding 347,280 ZRO tokens (valued at $795k). Two weeks ago, he also invested $50k to buy 33,411 ZRO tokens, which now hold a value of $755k.

**MilkyWay Completes Final Protocol Revenue Distribution, Prepares to Shut Down Permanently** On January 23, MilkyWay finalized its final protocol revenue distribution to the community, totaling 92,708 USDC. The sum was converted from fees collected in TIA, INIT, and BABY tokens, with distributions tied to the final protocol snapshot. Eligible participants included MILK token holders, MILK stakers, and liquidity providers. A 1 USDC minimum threshold applied—addresses with distributions below this threshold will not receive funds. In a prior announcement, MilkyWay confirmed it is winding down operations and will shut down permanently. The protocol cited three core reasons for the closure: decentralized finance (DeFi) demand fell short of expectations, the WayCard was launched too late, and it failed to alleviate funding pressures in a timely manner.

**January 23: GMGN Data Shows DONT’s Top Address Has $1.03M Unrealized Profit (396x Return)** On January 23, GMGN data reveals the top wallet for meme coin DONT invested $2,600 when the token’s market cap was $35,600. As DONT’s price climbed, the address gradually sold off ~$200,000 worth of tokens—but its remaining holdings still hold an unrealized profit of $1.03 million, a 396x unrealized return. Previously, DONT is a meme coin issued by the third-largest treasury firm in the Solana ecosystem, which holds 30% of DONT’s supply. That firm is DeFi Development (DFDV), Solana’s third-largest treasury, with its treasury holding ~2.2 million SOL tokens (valued at ~$285 million).

On January 23, blockchain monitoring platform LookOnChain reported that a newly created wallet (address: DywvRW) withdrew 19,650 SOL (valued at $2.56 million) from Binance. The funds were used to purchase 4.02 million Fartcoin (worth $1.22 million), $1 million worth of PUMP, and 38,504 META.