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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

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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 some crypto social projects for going off track, saying “forcing a speculative token onto a social product” doesn’t equal innovation. Past attempts to inflate creator-focused bubbles often reward existing social capital over content quality, and those tokens eventually crash to zero. He believes decentralized social should be driven by teams focused on “the social issue itself”—not those centered on a financialized narrative. When discussing Lens, Vitalik praised the Aave team’s governance work and expressed optimism about the new team taking over, noting they’re more focused on social interaction’s essence and have already explored directions like crypto tweets early on. Finally, Vitalik said he’ll speak out more on decentralized social platforms in the coming year, encouraging users to engage more with ecosystems like Lens and Farcaster. His goal: break free from the “single global information battlefield” and explore more open, diverse forms of interaction.
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A certain Ethereum ancient whale deposited 14,183 ETH to a CEX, worth $41.93 million

On January 21, data from AI Grandma indicates an original 2016 ETH whale deposited 14,183 ETH to Coinbase 40 minutes ago—valued at $41.93 million. This is their first seven-figure ETH deposit in over three years. The address’s most recent notable ETH accumulation was suspected to be on February 11, 2022, with an average withdrawal price as low as $1,236.65. Tracing their ETH transactions back shows activity dating to 2016.

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A whale force-closed a long position of 84.37 BTC, losing $45,000

On January 21st, per monitoring from HyperInsight (via https://t.me/HyperInsight), a whale liquidated an 84.37 BTC long position opened at 17:29 the same day, resulting in a $45,000 loss. The address currently holds no positions and is in a wait-and-see stance. Additionally, the address has recently seen frequent fund inflows and outflows, with its largest single deposit reaching 10 million USDC—signaling typical whale behavior.

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「20M Whale Bot」 Sells Off Gold Short on Chain, Position Size Reduced to $1.49M

On January 21st, monitoring by HyperInsight (via https://t.me/HyperInsight) revealed the "20 Million Bandit" address (0x880a...) executed a partial liquidation of its PAXG (on-chain gold) short position. The move reduced its 78.14 PAXG short by approximately $373,000. Post-reduction, the address’s total PAXG short position is now valued at roughly $1.494 million. The position currently holds a floating loss of ~$151,000 (a 50.66% loss), with an average entry price of $4,399.04 and a liquidation price of $61,360.732. Known for high-frequency, multi-currency arbitrage trading (average holding time ~20 hours), the address has accumulated nearly $100 million in realized profits since October 2023, starting with an initial capital of around $20 million.

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「7Siblings」 Leveraged Long 49,287 ETH at an average price of $3,531, with an unrealized loss of $27.7 million

Per EmberCN monitoring, on January 21, “7 Siblings” deposited 596,800 ETH (valued at roughly $1.765 billion) into the lending protocol Spark via 8 addresses, making them the platform’s largest depositor. They then borrowed 193 million stablecoins (including DAI, USDT, USDS) from Spark. Amid last year’s October-November market downturn, the group used those borrowed stablecoins to bottom-fish and acquire 49,287 ETH at an average price of $3,531. Currently, they hold an unrealized loss of roughly $27.7 million on this position. Additionally, addresses ranking 2nd through 7th, 10th, and 11th on Spark are all linked to “7 Siblings.”

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Whale with address starting with 0xa503 opened a new long position for 30 BTC, equivalent to $2.68 million

As monitored by HyperInsight, a whale address (prefix: 0xa503) opened a new 30-BTC long position at 17:23 on January 21. The position has an approximate value of $89,300, corresponding to a notional value of ~$2.68 million. Currently, the address holds a 40x-leveraged BTC long position (30 BTC, ~$2.68 million notional) with an unrealized profit of ~$1,707 and a liquidation price of ~$86,000.

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「Whale Engages in 30 Consecutive Long Liquidations」, Stops Out 81 BTC Long Position, Worth Approximately $7.24 Million

January 21 — Per Hyperinsight monitoring (via the Telegram channel at https://t.me/HyperInsight) — at 16:37 today, a whale address starting with 0x8d0 liquidated a long position worth ~$89,000, stopping out 81.29 BTC (equivalent to ~$7.24 million). The address currently still holds a 0.503 BTC long position with 20x leverage. The position is valued at ~$45,000, with an unrealized loss of ~$153.8 at current market prices, and an average entry price of $89,000.

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