「On-Chain Gold Maxi」 Liquidates Oracle Token Long, Loses $199,000
Jan 21st — Per HyperInsight monitoring (link: https://t.me/HyperInsight), the "On-Chain Gold Maximalist" trader closed a long position in xyz:ORCL (tied to Oracle’s stock price) 11 hours ago, incurring a $199,000 loss.
Currently, the address still holds a 5x-leveraged long position in PAX Gold (PAXG) and is also leveraged long on a basket of on-chain U.S. stock tokens — including Apple, Intel, Micron Technology, AMD, and Palantir.
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meme coin's market cap plummets to $4 million, now rebounds to $7.6 million
January 21st — Per GMGN market data, a new meme coin named “memes” on the BSC network plummeted to $4 million briefly, then rebounded to $7.6 million. Its 24-hour trading volume has hit $47.4 million; previously, the coin’s market cap had surged above $27.8 million.
The coin’s rally was linked to an earlier tweet from the official White House account: “The winning will continue. The deportations will continue. The memes will continue.” After Binance CEO He Yi retweeted the post, “memes” saw a sharp uptick. He Yi has since deleted the retweet, which is likely the direct cause of the coin’s steep drop.
BlockBeats Note: Meme coins are highly volatile, heavily reliant on market sentiment and hype, and lack tangible value or use cases. Investors should exercise caution.
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A certain DeFi trader is going long again with $1.1M worth of PEPE in a flash loan.
On January 21st, per HyperInsight monitoring, a swing trader went long on 215,513,963 kPEPE with 10x leverage at 15:38, with an average entry price of $0.0051 — the position is currently slightly underwater.
This address has closed 3 prior swing trades on PEPE, all at a profit, totaling $54,000.
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Vitalik: In 2026, will fully return to decentralized social media, calling for the creation of communication tools that truly serve long-term value
On January 21, Ethereum co-founder Vitalik Buterin announced he plans to fully shift back to decentralized social networking by 2026 and urged the industry to rethink what “social” truly means. He noted that building a better society requires better mass communication tools—not centralized platforms fixated on short-term engagement and speculation.
Vitalik argues truly valuable social tools should help users find high-quality information, rational perspectives, and consensus, rather than maximizing short-term engagement. He stressed this goal isn’t a “simple trick”: a key starting point is more competition, and decentralization is the core path to that—via a shared data layer letting anyone build their own client.
He revealed that since the start of this year, he’s actively returned to decentralized social networking, doing all posting and reading through the multi-client tool Firefly.social, which covers protocols like X, Lens, Farcaster, and Bluesky.
Vitalik also criticized
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The memes market cap experienced a sharp "flash crash" to $14.29 million, but has since recovered to $18 million.
On January 21st, market data from GMGN indicates that the market cap of **memes**—a new meme coin on the BSC ecosystem—briefly dropped to $14.29 million, but has since rebounded to $18 million. Its 24-hour trading volume has climbed to $37.9 million.
The coin’s surge ties back to a tweet earlier today from the official White House account, which stated: *“The winning will continue. The deportations will continue. The memes will continue.”* A sharp rally kicked off after Binance CEO Changpeng Zhao retweeted the post.
**BlockBeats Note**: Meme coins are extremely volatile, relying heavily on market sentiment and concept hype. They have no tangible value or practical use case. Investors should be aware of the risks involved.
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