News linked to both this project and an event.
Bitquery on-chain tracking shows that addresses linked to the suspected stolen funds spent approximately $62.98 million to purchase 27,553 ETH, a transaction previously classified as whale activity.
Odaily — According to on-chain analyst Ai Yi, an a16z-linked entity (0xb5E...F...) has been suspected of selling off $10.7 million worth of HYPE since yesterday. Following the disclosure of the Binance hack news, the entity transferred 118,000 HYPE in batches to Wintermute, Galaxy Digital, and Cumberland at an average price of $90.72, with the purpose unknown. The most recent transfer occurred 10 hours ago.
According to on-chain analyst Yu Jin, the Garrett Jin whale entity closed a Bitcoin long position worth $112 million at a price of $84,455 yesterday, realizing a profit of $8.38 million. In the early hours of today, it flipped to a short position, opening a 500 BTC short at a price of $85,994, worth $43.31 million.
Odaily News: According to on-chain analyst Yu Jin's monitoring, the Garrett Jin whale entity (0x92ea...50e9) closed a 1,333 BTC long position opened 3 days ago at $78,057, worth $112 million, 20 minutes ago. The closing price was $84,455, resulting in a profit of $8.38 million. This entity previously closed a ZEC short position early this morning. It currently has no positions on Hyperliquid, and the on-chain address still holds BTC, ETH, ZEC, and other spot assets.
Odaily News: According to on-chain analyst Yu Jin's monitoring, the 35,000 ETH that Garrett Jin whale entity (0x92ea...050e) withdrew from Binance last night has been fully sold 10 minutes ago at a price of $2,500, worth $87.5 million. After selling the ETH, the entity added partial margin to its ZEC short position, raising the liquidation price from $2,631 to $4,738; the short position is currently showing an unrealized loss of $30 million.
Odaily News: According to on-chain analyst Ember Monitoring, Zcash has been rising by over $100 per day for several consecutive days, reaching a high of $1,500 in the early hours of today. The ZEC short position held by the Garrett Jin whale entity (0x92ea...50e9) currently shows an unrealized loss of $30 million. The 35,000 ETH, worth $85.11 million, that this entity withdrew from Binance last night has not yet been transferred.
According to data monitored by on-chain analyst Ember (@EmberCN), the [Garrett Jin whale entity] added 7,000 ZEC (approx. $8.4 million) in short positions against the trend as the ZEC price climbed to $1,195, expanding its total short position to 39,760 ZEC (approx. $47 million). This lifted the average short entry price from $444 to $576.3, leaving an overall unrealized loss of approximately $24 million. This entity initially opened a 32,760 ZEC short at $444 in early July, when the ZEC price was under $400, whereas it has since surpassed $1,200, marking a gain of over 200% in three months and keeping the short position under continuous pressure.
According to on-chain analyst Ember (@EmberCN), ZEC’s price broke past $1,200, causing the Garrett Jin whale entity to suffer heavy losses. The entity opened short positions at an average price of $444 for 32,760 ZEC in early July. As ZEC surged from $400 to over $1,200 within three months, its unrealized loss has reached $25.7 million. Additionally, the entity holds long positions worth $107 million in BTC. Although it has an unrealized profit of $4.42 million, it has already paid cumulative funding fees totaling $2.05 million.
Odaily News According to on-chain analyst Ember's monitoring, the Garrett Jin whale entity (0x92ea...050e9) is the largest holder of native Zcash short positions. The entity opened a short position of 32,760 ZEC in early July at an entry price of $444. Over the past three months, ZEC's price has surged from $400 to over $1,200, leaving the short position currently underwater by $25.7 million. The entity also holds BTC long positions valued at $107 million, which are currently showing a profit of $4.42 million, although it has already paid $2.05 million in funding fees.
On-chain analysis platform Bubblemaps stated that PIPEDOG's trading activity has surged rapidly in recent days, with trading volume once exceeding the popular meme coin $CASHCAT in the Robinhood ecosystem, and briefly surpassing it in market cap.