A whale "rug pulled" and sold 400 WBTC to repay a debt, facing a $51.17 million loss after buying the top and pulling the rug at the bottom

Onchain Lens monitoring shows: - As of Jan 26, wallet 0xd4d received 465k HYPE tokens (~$10.32M) from Galaxy Digital OTC 2 hours prior. - 2.5 months earlier, the same wallet got 56.12M ENA tokens (~$24.76M) from Ethena Lab Wallet—those tokens now value $9.32M, marking a $15.44M loss to date.

Per monitoring data from HyperInsight, on January 26, a trader closed an ETH short position at 12:21. This trader made their first derivatives contract trade on January 23 and executed three ETH short trades, netting a total profit of $87,400.

Cross-chain DeFi aggregation platform Infinex announced on January 26th that it will conduct a snapshot of Patron INX holdings at 15:00 on January 30th. Under the rules, users will receive 100,000 INX per Patron held. Infinex noted that post-TGE, all original Patron-related benefits—including fee discounts, priority access, and community access—will be fully migrated to the INX token, while Patron NFTs will be converted for commemorative use.

January 26th: Per monitoring from HyperInsight, the "Profit-Taking God" trader has shorted 57 BTC with 40x leverage, at an average entry price of $87,716.9. The position currently shows a small unrealized profit. The trader’s address has completed 207 transactions to date. Only 5 of these transactions resulted in a total loss of $5,195.36, while all 202 other trades were closed with realized profits—pushing the account’s total profit to $447,800.

Coinbase said in its **Q1 2026 Crypto Report** (released January 26) that ~70% of institutional investors view Bitcoin as undervalued in the $85,000–$95,000 range. The report draws on a survey of 75 institutional investors and 73 retail investors conducted **early December 2025–early January 2026**: - 71% of institutions + 60% of retail investors see Bitcoin as *currently* undervalued; - 25% of institutions call its valuation fair, with just 4% deeming it overvalued; - Bitcoin traded mostly between $85k–$95k during the survey period. Since hitting an all-time high of ~$126,000 in October 2025, Bitcoin has dropped >30%—**underperforming gold, silver, and U.S. equities**. Geopolitical tensions and tariff uncertainties have kept crypto sentiment cautious. On investment behavior: - 80% of institutions say they’d *hold or buy the dip* if the market falls another 10%; - >60% of surveyed institutions have maintained or increased their crypto allocations since October. Ad

January 26: Erik Zhang, one of NEO’s two co-founders, said in a post he just wrapped up a meeting with fellow NEO co-founder Da Hongfei. The outcome was neither surprising nor positive: Da proposed so-called “limited cooperation” but offered no substantive details on any key issues. Zhang laid out three baseline demands—all flatly rejected: - Establish an effective, verifiable financial oversight and management mechanism - Abandon the EON project, which directly competes with NEO - Authorize Zhang to publish updates via NEO’s official website and official X (Twitter) account “Given this, I can’t discern any sincere intent for genuine cooperation or willingness to meaningfully lift NEO’s value,” Zhang wrote. Noting NEO has continued to decline under Da’s leadership over the past several years, he formally called for Da to resign from his leadership role in the NEO ecosystem.