Solana co-founder changes X Account avatar to "Penguin" theme concept image, Meme coin PENGUIN surges over 17% briefly

On January 27th, Base co-founder Jesse Pollak stated that the Base core team will not engage in any behind-the-scenes "rug-pulls" of the Base ecosystem token, privately coordinate fund deployments, or actively manipulate asset prices to hit specific goals—actions he noted would actively harm other assets, prove unsustainable long-term, contradict Base’s free and open market values, and likely be illegal. Pollak emphasized Base is and will remain capable of driving distribution and adoption for high-quality assets and apps. He added that Base—and all markets—should be free, open, and fair, and that his responsibility is to ensure this stays true.

Per LookOnChain monitoring on January 27th, the "Silver Head and Shoulders Air Force" whale shorted $45 million worth of silver with 20x leverage on the Hyperliquid platform. The whale recently liquidated 66,900 SILVER contracts, incurring a loss of $823,000. It still holds a short position of 352,000 SILVER contracts, with an unrealized loss of $4.46 million.

Jan 27 – Crypto analyst Ericonomic broke down HYPE’s recent sharp price drop, noting the slide from $45–$50 to ~$20 wasn’t random—it stemmed from three distinct selling pressure sources, all already resolved or nearly exhausted. Most trackers show ~9.9M HYPE tokens unlocking monthly, leading many to assume ~$200M in monthly sell pressure. That assumption is wrong: Unlocking ≠ distribution ≠ selling ≠ open-market selling. On-chain data indicates only 7–10% of initially unlocked HYPE has hit the open market; the rest went to OTC trades and staking. By Q4 2025, HYPE’s derivatives structure was unhealthy, with long positions dominating. Ongoing liquidations wiped out most leveraged long positions; ~$150M in long positions remain, with liquidation levels below $15—but leverage-driven downside pressure has largely dissipated. Sixteen Tornado Cash-linked addresses involved in HYPE funding amassed ~4.4M HYPE tokens at ~$8.8 apiece (worth ~$80M). Starting early January, the group launc

January 27th — On-chain analyst Ai Auntie (@ai_9684xtpa) reports that a group labeled "Ethereum True Diamond Hands" has held ETH for 9 years, netting $384 million with a cost basis as low as $68.32 per ETH. Key details: 13 addresses tied to the same whale/institution withdrew 353,483.67 ETH between March and July 2017, worth $24.15 million then. Some of the ETH was deposited into an exchange 9 years ago, while the remaining 135,283.67 ETH was transferred in batches to Gemini’s deposit address over the past two days. If sold at ~$2,908.2 per ETH, the group would lock in an estimated $384 million profit — a return on investment (ROI) exceeding 4,156%.

On January 27, per market data, HYPE surged above $25.7, with its 24-hour price gain hitting 16.2%.

On January 27th, per GMGN monitoring (link: https://gmgn.ai/sol/token/i_m4TE56o8_61Wj56QgGyyB966T7YsMzEAKRLcMvJpDbPzjkrCZc4Bi), echo xyz founder cobie took to X (formerly Twitter) to tweet about "Copper Inu"—sparking multiple same-named "COPPERINU" meme coins on the Solana blockchain. The top market-cap "COPPERINU" token briefly surged to a $12 million market cap, now retracing to roughly $9 million with a price of approximately $0.009. In cobie’s tweet: "You don’t have to worry about waking up one day to find that Copper Inu has taken over the entire copper market share. They won’t be like some digital assets that pop up new commodities every few seconds on Pump Fun to challenge existing value." GMGN data further shows the top holding address (starting with A1EC...) belongs to Equation founder himgajria, a publicly disclosed on-chain address. When COPPERINU’s market cap was just $80,000, this address invested roughly $10,000 to open a position—now yielding over 10,000% return