SOL Falls Below $100 Mark, 24-hour Loss of 6.1%

Feb. 2 — Per Bitget market data, precious metals are extending losses. Spot gold dropped to $4,530 per ounce, marking a 7.29% intraday decline. Spot silver slipped below $74 per ounce, with a 13.01% daily drop.

February 2nd — The largest BTC and ETH short holder on Hyperliquid, nicknamed the "Short Whale Commander" (address 0xd83), has closed all positions and exited the market, per the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN, target="_blank"). Over the past week, the whale faced multiple liquidations, attempted a high-leverage long position shift, and ultimately incurred total losses exceeding $20 million. Its final position was a BTC long that yielded roughly $17,000 in profit. Over the past weekend, the remaining $58,700 in its account was withdrawn. Previously, the whale’s total positions neared $500 million, making it the top short holder across multiple coins. Recent liquidations included ~$199 million on Jan 22, ~$120 million on Jan 26, and ~$83 million on Jan 28. After switching to longs, it suffered additional liquidations: ~$61 million on Jan 29 and ~$27.5 million on Jan 30.

Per monitoring from TheDataNerd on February 2, Fenbushi Capital withdrew 2,432 ETH from Binance 10 minutes ago, worth roughly $5.44 million. Fenbushi Capital typically stakes all withdrawn ETH, and its total staked ETH now stands at 10,944, valued at around $24.48 million.

**Binance Reminder: Tokenized Stock Purchase Alpha Points Promo Ends Feb 3 at 20:59 UTC+8** On February 2, Binance notified users that its promotion awarding 5 Binance Alpha Points for buying $50 or more in tokenized stocks via Binance Wallet will expire at 20:59 UTC+8 on February 3. The campaign, first announced by Binance, runs from 21:00 UTC+8 on January 20 through 20:59 UTC+8 on February 3. Eligible users must complete a single transaction of $50+ in tokenized stock purchases on Binance Wallet, with one reward per user.

Crypto wallet Rainbow has released the rules for the CCA launch subscription of its RNBW token on Uniswap. The pre-sale kicks off at 11:00 PM Beijing Time on February 2 and runs through 11:00 PM Beijing Time on February 3. Concurrently, the CAA mechanism auction will launch, ending at 11:00 PM Beijing Time on February 5. Key CCA details: - Each block sets a single clearing price; orders execute if the clearing price ≤ the user’s maximum bid. - Starting price: $0.1 per token. - Fully diluted market cap: $1 billion; implied market cap: ~$19 million. - Total tokens sold via CCA: 5 million (0.5% of supply); payment method: USDC. Post-event steps: - CCA participants can claim their RNBW tokens via Uniswap. - RNBW airdrop rewards will be claimable via the mobile app. - Non-U.S. CoinList participants will receive tokens directly. - After distribution, RNBW will be tradable on Base and centralized exchanges.

February 2 – Per monitoring from HyperInsight (via its Telegram channel @HyperInsight), a whale with an address starting with 0xd9e has maintained a Bitcoin (BTC) long position since last August without closing it. Amid the recent sharp market sell-off, the position is now near its liquidation threshold. Currently, the address holds a 4x-leveraged BTC long position worth approximately $4.54 million, with an unrealized loss of up to $2.35 million (roughly -207%). Its liquidation price is around $74,500. Due to ongoing losses, the address’s available balance is now less than $100,000, leaving only about 1.3% further downside before liquidation is triggered.