Meme Coin GAS Market Cap Skyrockets to $37.95 Million in a Short Period, Reaching an All-Time High

Binance Alpha launched the second round of its Stable (STABLE) airdrop on February 6. Eligible users (those with at least 240 Binance Alpha Points) can claim 1,845 STABLE tokens on a first-come, first-served basis. If rewards aren’t fully distributed, the points threshold will automatically drop by 5 points every 5 minutes. Claiming this airdrop requires 15 Binance Alpha Points. Users must confirm their claim via the Alpha event page within 24 hours—otherwise, the airdrop will be forfeited.

On February 6th, monitoring data from HyperInsight (Telegram: @HyperInsight) shows Taiwanese artist Huang Licheng (nicknamed "Buddy") faced 10 consecutive liquidations on his ETH and HYPE long positions in the past hour, totaling roughly $1.6 million in liquidated value. ### Liquidation Details - **ETH Longs**: 480 coins (~$900,000) liquidated; remaining position size: ~$600,000. - **HYPE Longs**: 21,280 coins (~$702,000) liquidated; remaining position size: ~$480,000. ### Additional Context - Huang recharged ~$275,000 into his account yesterday. Post-liquidation, that capital has shrunk to less than $50,000. - His remaining ETH long position is now just 1.6% away from its next liquidation trigger. ### Background Huang, a Taiwanese artist who previously profited from blue-chip NFTs, has been active on the Hyperliquid platform since mid-2025. Since October of that year, he has faced repeated massive liquidations, with his total holdings collapsing from over $100 milli

As of February 6, monitoring data from LookOnChain identifies three key liquidation risk zones on the Ethereum (ETH) chain: - Trend Research holds 356,150 ETH (≈$6.71 billion), with a liquidation price range of $1,562 to $1,698. - Joseph Lubin and two whales collectively hold 293,302 ETH (≈$5.53 billion), with a liquidation price range of $1,329 to $1,368. - The 7 Siblings hold 286,733 ETH (≈$5.41 billion), with a liquidation price range of $1,029 to $1,075. （Note: Corrected the inverted price range for the 7 Siblings to align with logical low-to-high order, a standard for financial data presentation in U.S. markets.）

On February 6th, Bitwise CEO Hunter Horsley told CNBC in an interview: “Bitcoin’s had a double-digit single-day drop, is now in a bear market, and has fallen nearly 30% since the start of the year. As for why? I think the crypto market’s currently caught up in the broader macro environment—investors are dumping all liquid assets right now. Gold’s down, the Nasdaq 100’s falling, and even Amazon’s being sold off. Over the past few months, the crypto space has had some internal issues—like offshore trading platforms hitting operational snags—but right now, crypto assets are trading more in sync with other high-liquidity assets. Long-term holders are feeling uncertain, but new institutional investors see this as a ‘second chance’—prices they thought they’d missed out on forever are back. We’re in a transitional phase right now. At the end of the day, crypto’s still a tiny asset class; most investors haven’t fully allocated to it yet. So the long-term outlook is solid—we’re just

**Binance Alpha to Launch New Airdrop Today at 5:00 PM UTC+8 (Feb 6)** Per an official announcement, Binance Alpha will roll out a new airdrop at 5:00 PM UTC+8 on February 6th. **Eligibility**: Users holding at least 240 Binance Alpha Points. **Key Note**: First come, first served. Claims are open until the airdrop pool is fully distributed or the event concludes.

February 6th — On-chain analyst Yu Jin reports that Trend Research’s prior ETH long position (entered between $1,000 and $2,000, closed at $4,000) netted a $3.15 billion profit. However, the firm’s current long positions have incurred a $7.63 billion loss — wiping out all prior gains and losing an additional $4.48 billion in principal. Over the past 5 days (since the afternoon of Feb 1), Trend Research has: - Stop-loss sold 255,500 ETH at an average price of $2,168 (valued at $5.54 billion) - Withdrawn 483 million USDT from Binance to repay debt and deleverage - Seen its leveraged ETH positions’ liquidation price drop to a range of $1,509–$1,708 (predominantly around $1,560) Current position breakdown: - Still holds 396,000 ETH (valued at $7.54 billion) - Average entry cost: $3,180 - Total loss: $7.63 billion (realized: $2.58 billion; unrealized: $5.05 billion) - Outstanding leverage loan: $526 million