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The USD1 Transaction Event Concludes But Results Yet to be Announced: Traditional Meme Coins Occupy Top Three Market Cap Spots, with New Coins "memes" and "peace" Following Suit

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January 26 — Per GMGN monitoring (link: https://gmgn.ai/r/m4TE56o8), results of BNB Chain’s “USD1 Trading Competition” (which concluded yesterday) have not yet been released. The top three meme coins by market capitalization are well-known projects: EGL1, CDL, and Liberty. Notably, EGL1 and Liberty both participated in a similar competition last May through July. Newly emerging meme coins are showing diverging performances. Previously popular tokens like “BIG DON” and “1” have fallen to under $5 million in market cap. However, “memes” and “An” still maintain notable market sizes—currently ~$12.5 million (4th place) and ~$10 million (5th place), respectively. “An” has dropped roughly 80% from its all-time high. Per the official announcement, the competition wrapped up at 8:00 AM Beijing time on January 25. The top three winners will receive multiple incentives, but specific winning criteria have not been disclosed. There is no token creation time limit for participation eligibility. Eligible USD1 trading pairs include projects built on USD1 via Four Meme or other Four Meme projects with active USD1 liquidity pools. BlockBeats reminds users: Meme coin trading is highly volatile, heavily reliant on market sentiment and hype, and lacks practical value or use cases. Investors should be aware of the associated risks.
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「BTC OG Insider Whale」 has deposited $20 million as collateral today, with the current total unrealized loss expanding to $80 million

January 26 – Per data from the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), the “BTC OG Insider Whale” (wallet address 0xb31) deposited roughly $20 million in collateral to decentralized exchange Hyperliquid earlier today, with the funds unused as of press time. ### Current Key Metrics - Unrealized losses on long positions have widened to $80 million; - Weekly fund withdrawals total $120 million; - Funding fee settlements have incurred $8.1 million in losses (mostly tied to its ETH long); - Total position size sits at ~$785 million, making it the largest on-chain long holder for both ETH and SOL. ### Core Long Positions | Asset | Leverage | Position Size | Avg Entry | Unrealized Loss | Liquidation Price | |-------|----------|---------------|-----------|-----------------|-------------------| | ETH | 5x | $6.34B | $3,161 | $71.5M (-56%) | $2,192 | | BTC | 5x | $87M | $91,500 | $4.4M (-25%) | N/A

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A whale has swapped 578.66 WBTC back to 17,706.74 WETH.

On-chain analyst Ai Auntie (@ai_9684xtpa) reported on January 26 that a prominent ETH whale—who had shifted from holding ETH for 4 years to WBTC earlier this year—has now converted WBTC back to WETH. - **January 3**: Swapped 14,145.93 WETH for 492.16 WBTC (valued at $44.195 million) at an ETH/BTC exchange rate of 0.03479. - **January 26**: Converted 578.66 WBTC back to 17,706.74 WETH (valued at $50.33 million) at an ETH/BTC rate of 0.03268. This move boosted his ETH balance by 6.45%. Currently, he holds 17,707 WETH and 195.49 WBTC on-chain, with a combined value of $67.38 million.

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「20 Million Range Hunter」 buys HYPE spot and hedges with a short position, with account unrealized PNL of $14.72 million

January 26 — Per monitoring by HyperInsight (via its Telegram channel at https://t.me/HyperInsight), over the past hour, the "20 Million Band Hunter" (address 0x880a) has been continuously buying HYPE spot while shorting HYPE for hedging, posting an account floating profit of $14.72 million. This address is linked to a trader with an aggressive style, skilled in high-leverage short-term trades, and has accumulated total profits of $114 million across their full trading cycle.

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Bloomberg Analyst: Ethereum Faces Downside Risk, Break Below $2000 More Likely Than Return to $4000

On January 26, Mike McGlone—Senior Commodity Strategist at Bloomberg Intelligence—stated that Ethereum appears to be moving toward the lower end of its $2,000-$4,000 range since 2023. “I see the risk of it dropping below $2,000 as higher than the chance it reclaims $4,000, especially now that stock market volatility is picking back up,” he noted.

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Hong Kong Virtual Bank Mox Bank Granted Approval for Upgrade to Type 1 License, Supporting USD Trading for Bitcoin and Ethereum

January 26 — Per a report from the Hong Kong Economic Times, Hong Kong virtual bank Mox Bank has obtained regulatory approval to upgrade to a Type 1 license, allowing it to offer virtual asset trading services to customers through a comprehensive account. Currently, only Bitcoin and Ethereum trades against the U.S. dollar are supported. Mox Bank’s virtual asset trading platform partner is HashKey Exchange, with HashKey Custody acting as the custodian for customers’ virtual assets. Trading fees are tiered across four membership levels: Basic members (the lowest tier) pay a 1.25% commission, while Elite members (the highest tier) pay 0.5%.

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「Lightning Reverse」 Whale Goes Long on BTC and ETH with Total Position Over $29 Million

On January 26th, per HyperInsight’s monitoring, the "Lightning Reversal" whale (address: 0x50b30) opened simultaneous long positions on BTC and ETH one hour ago: 199.4 BTC at an average price of $87,584.2 with 20x leverage, and 4,321.8 ETH at an average price of $2,872.85 with 25x leverage. Both positions are currently in floating loss territory.

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