Pump.fun Announces Establishment of Investment Department Pump Fund

January 20th — Per GMGN monitoring, a new crypto address made two high-point purchases totaling 1.54 million tokens of meme coin “1” after the token hit a $9 million market cap yesterday. The buys cost ~$137,000, temporarily placing the address third on the token’s holder list. Today, as “1”’s market cap topped $16 million, the address partially sold its holdings, locking in ~$97,000 in profits (a 71% return). It still holds ~1.27 million tokens, worth ~$190,000 — now ranking fourth on the holder list and the largest buying address for the token in the past 24 hours. Note: Multiple coins share the “1” name. The contract address with the highest liquidity currently is: 0xff5d99a5c16cf2ffb4e7da1d7c42a791e70e4444 BlockBeats Note: Meme coins carry extreme trading volatility, rely heavily on market sentiment and hype, and have no real-world value or use case. Investors should exercise caution.

As of January 20th, Polymarket odds show Bitcoin’s chance of hitting $100k in January has fallen to 21%. Additionally, the odds are 7% for reaching $105k, 18% for dropping to $85k, and 6% for falling to $80k.

On Jan. 20, on-chain analyst Ai Auntie (handle: @ai_9684xtpa) noted that a smart money entity—which previously netted $14.26 million from buying low and selling high on WBTC—has been accumulating 13,700 ETH since Jan. 1, 2024, with a total value of $43.91 million. Four hours ago, the same entity withdrew another 1,000 ETH from Kraken; this ETH is now held as collateral on Aave. The average entry price for this batch is $3,205, leading to an unrealized loss of $216,000.

**Shenzhen Cybersecurity Engineer Li Dong (Pseudonym) Targeted by Hunan, Henan Police Over Bitcoin** On January 20, 2024, Li Dong (a pseudonym)—a Shenzhen-based IT professional and cybersecurity engineer—was targeted by law enforcement in China’s Hunan and Henan provinces. Authorities discovered a large amount of Bitcoin in his crypto wallet, sparking investigations by police in Zhangjiajie (Hunan) and Changge (Henan). Initially, Li was suspected of **operating an online gambling ring**. Zhangjiajie police seized 103 Bitcoins from his digital wallet, which converted to over 49.61 million yuan (RMB). Henan police later seized 80 of his Bitcoins, worth over 40 million yuan on the market. A post-80s native, Li holds a degree in information security and worked in cybersecurity at major tech firms before moving to Shenzhen and founding a local tech company. His family stated he began trading stocks and crypto around 2016 and acquired some Bitcoin, but police later found his Bitcoin

Jan 20: On-chain analyst Wu Huan notes that during today’s Bitcoin price drop, the aggressive short trader added another 510 BTC ($47.3M) to their short position at 7 am today, pushing their total short exposure to $200M. Their BTC short is now just $1,600 away from liquidation, while their ETH short is $56 from its liquidation price. - 1,073 BTC short ($100M): Entry $92,469 | Liquidation $94,384 | Floating loss $280k - 31,093 ETH short ($100M): Entry $3,270 | Liquidation $3,246 | Floating profit $2.49M