A whale dumped nearly 24,000 ETH, cashing out $45 million and leveraged some major altcoin long positions

**February 24 Update** Per on-chain analyst Ai Auntie (@ai_9684xtpa), an OG whale that accumulated ETH back in 2017 has sold spot holdings while opening leveraged long positions. In the past 10 hours, wallet address 0xead…E9D55 sold 23,924 ETH at an average price of $1,888.71, totaling $45.18 million in proceeds. Notably, after trimming its spot ETH exposure, the whale deposited 15.998 million USDC as collateral into Hyperliquid and placed limit long orders for BTC, ETH, and HYPE—aiming to open new long positions at lower price levels. Currently, the whale holds a $56.18 million position (mostly long positions) with an unrealized loss of $6.462 million. **Additional Context** - Two years ago: Received 19,000 ETH (accumulated in 2017 at an average cost as low as $357) - Two weeks ago: Received 7,038 ETH (withdrawals from exchanges at an average price of $2,709.43 between Dec 2023 and Apr 2024)

**Chinese Crypto Scam Suspect "Mr. Duan" Arrested in Thailand** On February 24, a Chinese national identified as "Mr. Duan"—linked to the BHE Exchange cryptocurrency fraud—was taken into custody in Nakhon Pathom Province, Thailand. BHE Exchange marketed its DDO token with promises of a 6% annual return and a 20-fold value jump over 10 years, luring roughly 20,000 investors. The platform abruptly shut down, leaving users unable to withdraw funds and causing losses totaling approximately $128 million (around 900 million RMB). The suspect fled China in 2024, settling in Thailand and frequently changing residences to evade detection. Thai authorities have revoked his residency permit and will deport him to China for further investigation and trial.

On February 24th, F2Pool co-founder Wang Chun posted: "Do you remember what you were thinking when ETH last hit $1,386? That was back in April 2025—just four months later, ETH rebounded to $4,956. Don’t let fear get the better of you."

As of February 24, data from the Coinbob Popular Address Tracker (link: https://t.me/Coinbob_track_CN) shows that Loracle—an early Hyperliquid contributor—opened a large 10x leveraged long position on ZEC on February 15 in a bottom-fishing attempt. At the time, the position peaked at $8.5 million, with an average entry price of $312, making it the largest on-chain ZEC long position. Ten days later, ZEC is currently trading at $237, pushing the position’s unrealized loss to 316%. Facing steep unrealized losses, the address began cutting its ZEC long position last night and this morning. As of press time, the position has been sharply reduced to $1.14 million, with selling still ongoing. Loracle (X handle: @loraclexyz)—born Laurent Zeimes—is an active early contributor to the Hyperliquid ecosystem. He’s the founder of Hypurrfun and has recently been active in Hyperliquid’s contract market.

February 24th — Per on-chain analyst Ai Auntie (@ai_9684xtpa), the associated address of the seven siblings dubbed the "Buy the Dip Pioneers" has purchased 2,179.22 ETH on-chain over the past 8 hours at an average price of $1,852, totaling $4.03 million in value. Across their publicly known addresses, the seven siblings currently hold a combined 336,250.9 ETH, with an aggregate value of up to $620 million.

A 7,000-word hypothetical "June 2028 Scenario" report from research firm Citrini Research went viral on Wall Street on February 24, stoking deep market fears over AI’s impact on white-collar jobs and the credit system. The report introduces the "global cognitive crisis" concept, warning AI could spark a "race to the bottom" for knowledge-based roles—disrupting industries and credit chains tied to white-collar productivity. U.S. stocks tumbled sharply Monday: the Dow Jones Industrial Average dropped 822 points (-1.7%), the S&P 500 fell 1%, and the Nasdaq Composite slid 1.1%. The software sector bore the brunt—Datadog, CrowdStrike, and Zscaler each lost over 9%, while IBM plunged 13% (its worst single-day drop since 2000). Report-named firms like American Express, KKR, and Blackstone also saw steep declines. Private credit and banking shares came under pressure: Blue Owl slid 3.4%, and Apollo Global Management dropped 5.6%. UBS noted the real risk is the "speed of disruption"—no