US Stock Futures Dive Further

January 19: Per HyperInsight monitoring, the "aggressive long-focused professional" trader (address 0xbaae1) closed out a 1,789,328.7 FARTCOIN short position, incurring a $40,000 loss. The address currently holds no open positions and is in wait-and-see mode. This address exhibits an extremely high risk appetite, utilizing a high-frequency, large-position isolated margin trading strategy.

On January 19th, Perp DEX Trove announced last week that after raising $11.5 million via an ICO, it will shift its TROVE token and perpetual contract DEX platform from Hyperliquid to Solana—backtracking on its earlier plan shared with participants. Trove noted a liquidity partner that had backed its Hyperliquid deployment opted to liquidate a 500,000 HYPE position; the move was the partner’s independent call but altered the project’s constraints. As a result, Trove will no longer build on Hyperliquid’s infrastructure, instead rebuilding its perpetual contract trading platform from the ground up on Solana. The new platform will cover multiple asset classes, including real-world assets (RWAs) and prediction markets. The sudden shift has sparked strong dissatisfaction in the community, particularly among ICO backers who’d expected the project to launch on Hyperliquid and stay tied to the HYPE ecosystem.

On Jan 19, per monitoring from Hyperinsight (via its Telegram channel @HyperInsight), the "Ultimate Bear" whale (address 0x5d2f4) closed a 61,208 LIT short position, netting a $55,000 profit. The address still holds a 499.9 BTC short position with 20x leverage, with an average entry price of $111,499.3 and $9.47 million in unrealized profit.

Jan. 19 — Per The Data Nerd’s monitoring, 4 hours ago, whale address 0x4bD withdrew 404,000 LINK from Coinbase, valued at roughly $5.55 million. Over the past four months, the whale has accumulated 3.32 million LINK at an average price of $15.56 per token, totaling approximately $51.62 million.

As of Jan. 19, Arkham data shows Yihuihua's Trend Research holds 626,700 ETH, with an average cost of ~$3,105.50, a current total value of ~$2.008 billion, and unrealized gains narrowed to ~$61.7 million.