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meme coin's market cap plummets to $4 million, now rebounds to $7.6 million

2 hours ago

January 21st — Per GMGN market data, a new meme coin named “memes” on the BSC network plummeted to $4 million briefly, then rebounded to $7.6 million. Its 24-hour trading volume has hit $47.4 million; previously, the coin’s market cap had surged above $27.8 million. The coin’s rally was linked to an earlier tweet from the official White House account: “The winning will continue. The deportations will continue. The memes will continue.” After Binance CEO He Yi retweeted the post, “memes” saw a sharp uptick. He Yi has since deleted the retweet, which is likely the direct cause of the coin’s steep drop. BlockBeats Note: Meme coins are highly volatile, heavily reliant on market sentiment and hype, and lack tangible value or use cases. Investors should exercise caution.
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A certain whale swapped 26.85 WBTC for 490.4 XAUT, at an average price of $4,877

OnchainLens data shows a whale address has spent 26.85 WBTC (≈$2.39 million) to purchase 490.4 XAUT gold tokens at $4,877 per token over the past 3 hours. Address: 0x0a8d1805c1c415ae6d11eaa29728ec8d3289ef0e

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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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