Shitcoin Resurgence Continues, SUI Surges Over 26% in 24 Hours

May 11th Failed U.S.-Iran negotiations this week have injected geopolitical uncertainty, pushing oil prices slightly higher. Below are key macro events to watch this week: - 15:15 ET Tuesday: FOMC permanent voter & New York Fed President Williams joins a monetary policy panel discussion - 20:15 ET Tuesday: U.S. ADP Employment Change (week ended April 25) - 20:30 ET Tuesday: U.S. April CPI data - 04:30 ET Wednesday: U.S. API Crude Oil Stock Change (week ended May 8) - 20:30 ET Wednesday: U.S. April PPI (year-over-year, month-over-month) - 05:30 ET Friday: Fed Governor Bostic delivers a speech - 21:15 ET Friday: U.S. April Industrial Production (month-over-month) The Federal Reserve is poised for a leadership transition this week: Senate confirmation of Chair-designate Kevin Wash is expected Monday, with him formally taking over from Jerome Powell on May 15. U.S. stock futures for the three major indices edged slightly lower Monday. Though first-quarter earnings se

Per Token Unlocks data, several tokens—including AVAX, STRK, SEI, LAYER, and ZK—are scheduled for significant unlocks this week (May 11–17): - AVAX: 1.67 million tokens unlocked on May 12, valued at ~$17.25 million (0.31% of circulating supply) - STRK: 127 million tokens unlocked on May 15, valued at ~$6.73 million (4.05% of circulating supply) - SEI: 55.56 million tokens unlocked on May 15, valued at ~$4.22 million (0.95% of circulating supply) - LAYER: 27.02 million tokens unlocked on May 11, valued at ~$3.36 million (7.26% of circulating supply) - ZK: 173 million tokens unlocked on May 17, valued at ~$3.36 million (2.8% of circulating supply)

On May 11th, Onchain Lens monitoring shows the "BTC OG Insider Whale" has reportedly sold roughly 50% of the ETH it deposited to Binance. Over the past four days, the whale sent 577,896 ETH (valued at ~$1.35 billion) to Binance. Meanwhile, three newly created wallets withdrew around $700 million in USDT from the exchange.

May 11—Bloomberg reports that Digital Asset, a blockchain platform firm serving several major banks and trading firms, is securing a new funding round. Sources familiar with the matter say the company is valued at roughly $20 billion, with investors including a16z crypto. Sources noted that Andreessen Horowitz’s a16z crypto, one of the crypto industry’s largest venture capital firms, is leading the approximately $300 million funding round. They added the financing is expected to close in the coming weeks, and the final amount raised may still shift. The sources requested anonymity as the discussions are in private negotiation stages.

On May 11, LookOnChain monitoring data shows a dormant Bitcoin wallet—idle for over 12 years—has transferred out all 500 BTC (valued at $40.62 million) just four hours ago. The wallet’s average BTC purchase price was roughly $914, netting the holder an estimated $40.17 million in realized profit—an eye-popping 88x return on investment (ROI).

On May 11, per ChainInfo: The "BTC OG Insider Whale"—which faced a $230M liquidation on Hyperliquid in February—has transferred all 577,000 ETH (valued at ~$1.351B) to Binance in 4 days. The final 225k ETH (~$528M) was sent to the exchange 5 hours ago. They still hold 11,500 BTC (~$934M) in their on-chain wallets.