An internal address spent only $285 to buy 66.3 million ZReaL tokens, achieving a 2200x ROI
On January 19th, LookOnChain monitoring data reveals that an internal wallet address starting with AG2GXk previously purchased 66.3 million ZReaL for just $285.
The address later sold 19.98 million ZReaL via four wallets, netting $210,000 in profit. It still holds 46.3 million ZReaL, valued at $417,000.
Across its ZReaL trades, the address has generated a total of $627,000 in revenue, with a return multiple of 2200x.
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Magic Eden's new buyback policy may only be able to repurchase around $20,000 worth of ME tokens monthly.
Jan 19 — Per NFT Pulse data, Magic Eden’s 30-day trading volume reached $12.8 million, accounting for 9.1% of the NFT market share. The platform’s 30-day revenue totaled just $267,000, with 74% from Solana chain transactions and 25% from Bitcoin network activity.
CoinGecko figures show Magic Eden’s native ME token is currently priced at $0.253, with a market cap of $108 million, a fully diluted valuation of $253 million, and 24-hour trading volume of $110 million.
If NFT market transaction momentum remains unchanged, Magic Eden’s upcoming strategy (launching Feb 1) — investing 15% of revenue into the ME ecosystem — will allocate roughly $20,000 monthly to ME token repurchases.
As previously reported by BlockBeats, Magic Eden announced that starting Feb 1, 15% of its revenue will go directly to the ME token ecosystem. The funds will be split evenly: 50% used to repurchase ME on the open market, and 50% distributed as USDC to ME stakers based on staking weights.
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Magic Eden: Starting from February 1st, 15% of revenue will be used for ME token buyback and ecosystem development
Magic Eden announced on January 19 that starting February 1, 15% of its revenue will be directly injected into the ME token ecosystem. This portion will be split evenly: 50% will go toward repurchasing ME tokens on the open market, while the other 50% will be distributed to ME stakers as USDC based on their staking weight.
The existing ME buyback mechanism (which previously only covered market trading fees) will be upgraded to a full-ecosystem revenue distribution system. Staking weight is determined by the amount of ME staked and the duration of the stake.
USDC rewards can be claimed monthly—with the first claim (covering February activity) opening in March—and rewards must be claimed within 90 days.
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Glassnode: Bitcoin Short-Term Holders Have Been in a State of Unrealized Loss Since 25 November
On January 19, Glassnode shared data on social media showing that the **STH-NUPL metric**—which measures the ratio of new investors’ unrealized gains/losses to the market value of short-term holders—has indicated new investors have been in a net unrealized loss position consistently since November 2025. To push this group back to net profitability, a Bitcoin price recovery to roughly $98,000 or higher appears to be the minimum threshold.
### BlockBeats Note
Following historical bear market and sharp pullback patterns, prolonged declines may gradually force these short-term holders (STHs, or new investors) to capitulate while in unrealized losses.
- During the 2018 bear market, STH-NUPL plummeted to ~-0.6, triggering mass capitulation among short-term players. Realized losses cleared a large speculative bubble, paving the way for the market to bottom out and launch a new bull cycle.
- In the 2022 bear market (post-FTX collapse), STH realized losses hit a record peak. After weak
3 minutes ago
Wintermute: Cryptocurrency Market Breaks Free from Downtrend with ETF Expansion, Top Assets Lead the Way in Driving Retail Focus
Jan. 19th
Wintermute published a new article noting that 2025 failed to deliver the expected market rally, but the year could mark the start of crypto’s shift from a speculative asset to a more mature asset class. The traditional four-year cycle pattern is breaking down: market performance is no longer tied to a self-fulfilling time-based narrative, but instead hinges on liquidity flows and investors’ concentrated focus.
2025 saw no repeat of the Bitcoin-to-Ethereum-to-altcoin fund flow cycle. As retail interest shifted to stocks, 2025 emerged as an extremely centralized year: altcoins’ average rebound cycle shrank to 20 days (down from 60 days in 2024), while a handful of top assets soaked up most new capital and the broader market lagged.
For the market to break beyond top assets’ dominance, at least one catalyst must occur:
? ETFs and digital asset trust funds expanding their investment mandates
? A surge led by top assets like BTC and ETH
? Retail interest (from stock
3 minutes ago
The US fast food chain Steak‘n Shake has added $10 million worth of Bitcoin to its reserves
On January 19, iconic U.S. fast-food chain Steak ‘n Shake added $10 million worth of Bitcoin to its corporate treasury. This recent strategic purchase underscores the company’s strong commitment to integrating cryptocurrency as a core component of its financial strategy.
Steak ‘n Shake executives view this efficiency gain as a key driver behind expanding its treasury, framing Bitcoin not just as a payment method but also as a long-term store of value. Based on the estimated market price at the time of purchase, the $10 million acquisition equals roughly 105 Bitcoin.
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