Chinese Meme Coins Show Divergent Trends as Market Recovers: "Binance Life" Surges 45%, While Popular coins like "Life Candlestick" See 40% Pullback

On January 14, per LookOnChain monitoring data, a whale transferred 282.17 BTC (valued at $26.33 million) to an exchange to swap for 8,098 ETH.

January 14 – According to data from private placement platform RankingBall cited by 21st Century Business Herald, Huansquare Quant—founded by DeepSeek’s Liang Wenfeng—delivered an average annual return of 56.55% in 2025. It ranked second among Chinese quantitative private funds with over 10 billion yuan in assets under management (AUM), trailing only Lingjun Investment (73.51% return). Huansquare’s AUM has now exceeded 70 billion yuan. Its 3-year and 5-year average returns stand at 85.15% and 114.35%, respectively, per RankingBall. Analysts note Huansquare’s strong performance has provided ample R&D funding for DeepSeek, Liang’s AI firm. Founded in 2008 while Liang was a graduate student in Information and Communication Engineering at Zhejiang University, Huansquare is a hedge fund rooted in math, computation, and AI. It crossed 10 billion yuan in AUM in 2019 and once topped 100 billion yuan in 2021. DeepSeek is set to launch its flagship AI model, DeepSeek V4, in February. Bo

January 14 – Per HyperInsight monitoring, the address tagged "20 Million Bandit" (0x880a) has expanded its short positions in BTC, LTC, and HYPE over the past hour, posting an unrealized loss of $1.15 million. This address is linked to a high-risk trading strategy, specializing in high-leverage short-term trades. It has accumulated a total cumulative profit of $90.49 million across all trading cycles.

**Crypto Custody Startup BitGo Plans $201M IPO in U.S.** BitGo, a cryptocurrency asset custody firm, intends to raise up to $201 million through its U.S. initial public offering (IPO). The company will offer 11.8 million shares at a price range of $15 to $17 per share. Per its prospectus, BitGo posted ~$10 billion in revenue for the first nine months of 2025— a sharp surge from ~$1.9 billion in the year-ago period. Net income totaled ~$35.3 million, with net income attributable to shareholders at ~$8.1 million (up from $5.1 million in the same prior-year span). As of Sept 30, 2025, the platform held ~$104 billion in custodied assets, supporting over 1,550 digital asset types. BitGo projects 2025 full-year revenue between $16.02 billion and $16.09 billion. Founded in 2013, BitGo ranks among the largest crypto custodians in the U.S. Its role in storing and safeguarding clients’ digital assets has grown as institutional interest in crypto rises. Goldman Sachs and Citigroup are le

January 14th: Bithumb to list the USDE/KRW trading pair, per an official announcement.

**January 14 Quick Update** On-chain analyst Ai Auntie (@ai_9684xtpa) reports that the Ethereum whale/institution address 0x395...45500 used a low-buy high-sell strategy between June and December 2025, netting over $31.44 million in profits. After a two-month pause, the entity has resumed accumulating ETH. In the past hour alone, the address withdrew 12,000 ETH from Binance—valued at $39.98 million—at an average price of $3,331.76. The entity completed two swing trades in 2025: one successful, one unsuccessful. The winning trade occurred September–October 2025, when it sold an estimated 30,000 ETH at a high of $4,201, generating $35.24 million in gains. As of now, the address holds 80,979.71 ETH on-chain, totaling $269 million in value with an average withdrawal price of roughly $3,137.62.