MANTRA DAO Initiates Survey Vote to Solicit Feedback on Team Token Burn Execution

On January 23, LookOnChain reports that whale address casualpig.eth withdrew 10 million ENA (valued at $1.75 million) from Bybit 12 hours ago and staked the tokens.

Per onchainschool.pro monitoring, **$4 million worth of ELSA** was transferred from a team-controlled wallet to two newly created addresses late on January 23rd, before being sent to the Bybit exchange shortly thereafter. Market data shows ELSA staged a volatile, rollercoaster-like swing: it surged 173% at 5 a.m. this morning, then plummeted 38% within the following hour. At press time, ELSA trades at $0.21459, with a corresponding market capitalization of $48.54 million.

Jan 23 — According to GMGN monitoring (link: https://gmgn.ai/sol/token/i_m4TE56o8_FbmmdcCYHL7WETG89xtWmNFMzQAaQ8Zs9NXVbimibonk), DONT, a meme coin issued by DeFi Development (DFDV), currently has a market cap of ~$22 million, a price of ~$0.000052, and a 24-hour trading volume of ~$35.8 million. The largest holder is DFDV’s official wallet, which holds ~31.6% of the token’s total supply. DFDV, the third-largest treasury firm in the Solana ecosystem, holds ~2.2 million SOL (valued at ~$285 million). The DFDV team announced this morning at 3 a.m. that it has burned all tokens held by the address targeting this token and used the proceeds to buy back and burn additional tokens. This round’s cumulative burn totals ~5.1% of the total supply — the main driver behind the token’s second rally in the early morning. DONT (short for “DisclaimerCoin”) launched on Bonk.fun last night via DFDV. In its announcement, the company explicitly noted DONT has no official sponsorship, endorsement, or

On January 23, YZi Labs announced its participation in the initial public offering (IPO) of digital asset custody firm BitGo on the New York Stock Exchange (NYSE), though it did not disclose the size of its investment. BitGo is a regulated, institutional-grade digital asset infrastructure platform in the U.S., offering qualified custody and end-to-end services including staking and stablecoin issuance. It currently manages $82 billion in assets and serves over 5,100 institutional clients. Ella Zhang, head of YZi Labs, noted that BitGo has maintained a 10-year track record free of hacking incidents—demonstrating the strength of its technical foundation. YZi Labs will provide the necessary strategic resources to fuel BitGo’s global growth as a public company.

On January 23, per monitoring from HyperInsight (via its Telegram channel @HyperInsight), the "Lightning Reversal" whale wallet (address: 0x50b30) closed a long position of 1,737.71 ETH two hours ago, netting a $120k profit. The address currently holds no open positions and is in a wait-and-see stance. Notably, this wallet frequently flips between long and short positions—often opening a large position in the opposite direction immediately after closing one.