News linked to both this project and an event.
according to monitoring by on-chain analyst Ai Yi, Garret Jin's counterparty account Evaded (0x865...6120d) holds $96.11 million in BTC and ETH short positions, with an unrealized profit of $2.506 million. The account is shorting 960 BTC at 30x leverage, with an opening price of $75,991, a position value of $70.79 million, and an unrealized profit of $2.177 million; it is shorting 12,600 ETH at 25x leverage, with an opening price of $2,033.3, a position value of $25.31 million, and an unrealized profit of $316,000. The account has set a stop-loss price of $76,000 for the BTC short position and a stop-loss price of $2,080 for the ETH short position.
According to Hyperinsight monitoring, an address on Hyperliquid—dormant for four months—was reactivated today. After receiving approximately $1.1 million in new funds, it immediately opened a highly leveraged long position on 12,902 ETH at 40x leverage, with a position value of roughly $25.8 million. As of press time, this long position is currently showing a floating loss of $130,000 (–12.8%), with an average entry price of $2,011 and a liquidation price at $1,966. The current market price is less than $40 away from the liquidation level—making this the closest-to-liquidation address among all ETH whales holding positions valued at over $10 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Ethereum treasury company FG Nexus has deposited 5,000 ETH into Galaxy Digital, valued at approximately $10.06 million. Data shows that after completing this transfer, FG Nexus still holds 16,354 ETH, valued at approximately $34.15 million.
10x Research stated that while Ethereum’s current price appears cheap, “cheap” does not equate to a buying opportunity. It noted that the Ethereum options market has recently seen unusually large purchases of put options, with inflows into the $1,800 and $1,900 strike prices approximately five times higher than normal levels.
Nasdaq-listed company Bit Digital CEO Sam Tabar stated on X that he has purchased more ETH.Sam Tabar explained: "Many people look at ETH's price performance over the past two years and conclude it's finished. But I believe they are looking for the wrong catalyst. The repricing of ETH was never meant to be built on retail narratives. For an asset backed by such a massive infrastructure, that kind of narrative is simply too fragile. The real catalyst is institutional demand. And the pace of institutional demand never follows the sentiment on social media. It only materializes when compliance frameworks are ready, custody systems are established, and the regulatory environment is stable enough for a CFO to give the green light. And that moment is closer than what market prices reflect."He added: "I hold ETH because I have a fiduciary obligation to make smart capital allocation decisions. And at the price I bought in, ETH meets that standard."
According to Decrypt, Standard Chartered analysts stated in a report released on Thursday that Ethereum’s current price does not yet reflect its growing network transaction activity or the rising total value locked (TVL) in decentralized finance (DeFi). The bank reiterated its price targets of $4,000 by year-end and $40,000 by the end of this decade. The institution noted that Ethereum has already established dominance in the stablecoin and tokenized asset sectors and stands to benefit from Wall Street’s ongoing migration toward digital asset infrastructure. The report also indicated that if real-world assets (RWA) grow 50-fold over the coming years, on-chain transaction volume and TVL on Ethereum could continue to reach new highs.
According to on-chain analyst Ai Aunt (@ai9684xtpa), a “smart money” address—previously profiting over $98.18 million from ETH swing trading—withdrawn 20,000 ETH (~$40.41 million) from FalconX six hours ago, at an average price of approximately $2,020.52 per ETH. This marks the first such withdrawal in three months. Data shows the address currently holds roughly $166 million worth of ETH and its wrapped tokens on-chain.
according to Ember monitoring, a whale borrowed 50 million USDT from Spark to purchase 20,000 ETH, valued at approximately $40.2 million. This whale had previously spent $500 million to buy BTC and ETH in early February and liquidated 4,000 cbBTC last month, and has now bought ETH again after a month.
the OTC whale (0xFB7) has once again purchased 20,000 ETH from FalconX, worth $40.48 million, and sent 50 million USDT to Wintermute, possibly for further purchases. The whale currently holds 143,906 ETH, valued at $317.6 million.
according to Lookonchain monitoring, U.S. Bitcoin ETFs experienced a net outflow of 9,012 BTC today, Ethereum ETFs saw a net outflow of 40,247 ETH, and Solana ETFs registered a net inflow of 2,401 SOL.
According to on-chain analyst Onchain Lens (@OnchainLens), “Brother Maji” has again suffered a full liquidation of his 25x-leveraged long ETH position on HyperLiquid, incurring a single-loss exceeding $1 million. His current total losses have surpassed $33.5 million, and cumulative losses since September 2025 have exceeded $78.38 million. Despite this, Machi has once again deposited $250,000 in USDC to increase his leveraged ETH long position (25x) and open a new 40x-leveraged long BTC position.
according to monitoring by OnchainLens, an early Ethereum whale deposited 1,600 ETH, worth $3.18 million, into Kraken. The whale still holds 400 ETH, worth $792,000. It is reported that the whale had previously purchased 2,000 ETH for $622, which is now worth $3.96 million, resulting in a return of 6,373x.
According to Cointelegraph, Ethereum has broken below the $2,000 mark—the first time since March. Despite the ongoing price weakness, on-chain data indicates retail investors’ “buy-the-dip” sentiment continues to intensify. Santiment notes that historically, excessively optimistic retail sentiment often signals the market has not yet bottomed; genuine buying opportunities typically emerge during phases of market panic. On-chain data platform Glassnode shows that since 2026, whale addresses holding more than 10,000 ETH have reduced their holdings by over 5%. However, BitMine—founded by Tom Lee—still holds approximately 5.21 million ETH, representing roughly 4.31% of the total supply. Technically, ETH has broken below its ascending wedge pattern; analysts believe it may next test the $1,750 level, implying roughly an 18% further downside from current prices.
According to on-chain analyst Onchain Lens (@OnchainLens), BlackRock deposited 3,900 BTC (approximately $286 million) and 31,702 ETH (approximately $63 million) into Coinbase, totaling approximately $349 million.
Bitget PoolX will soon list the project ILY. Users can lock ETH to share 178,000 ILY, with a personal staking limit of 1,500 ETH. The staking window opens from 19:00 on May 28 to 19:00 on June 4 (UTC+8).Additionally, users with a positive net ETH deposit during the event period will receive a 5% ETH wealth management interest coupon after the event ends. First-time PoolX participants who meet the net deposit conditions will receive a 15% ETH interest coupon. The net deposit calculation period ends at 17:00 on June 3 (UTC+8). For more details, please refer to the Bitget official platform.
according to on-chain analyst Ai Yi's monitoring, Garret Jin has increased his BTC 5x long position to 1268.33 coins, valued at $92.38 million, with an opening price of $76,117. He currently has an unrealized loss of $4.098 million; his ZEC short position currently has an unrealized profit of $5.82 million, and his overall account remains profitable. Garret Jin had previously opened BTC and ETH short positions worth over $1.1 billion just before the 1011 flash crash, generating profits exceeding $160 million; in December last year, he opened long positions for BTC, ETH, and SOL worth up to $700 million, which were later liquidated in a single day, resulting in a loss of $230 million.
According to on-chain analytics platform Lookonchain (@lookonchain), the swing-trading whale “pension-usdt.eth” — which had held ETH short positions at a loss for nearly two months — closed its position today, ultimately realizing a profit of $1.13 million and extending its winning streak to 21 consecutive trades. The whale currently still holds 1,000 BTC, valued at approximately $73 million, with an unrealized loss of roughly $4.98 million.
According to Hyperinsight’s monitoring, ETH’s price temporarily retreated to around $2,000. On Hyperliquid, the largest ETH long position—held by the “BIT-affiliated whale”—saw all four addresses under its control simultaneously incur unrealized losses, totaling $33.86 million. Based on its estimated entry capital of approximately $16.5 million, the current unrealized loss has already exceeded the position’s initial capital by more than double.
According to Hyperinsight monitoring, the market experienced a short-term decline, and “Ma Ji” (Licheng Huang), an account frequently appearing on liquidation lists during each major market downturn, saw another 3,520 ETH long positions liquidated—valued at $7.07 million—nearly wiping out the entire account.
According to on-chain analyst Ember (@EmberCN), 9 hours ago, 14.981 million GUA tokens were unlocked and transferred from the unlock contract; valued at approximately $15.18 million at the time of unlocking. Subsequently, all of these GUA tokens were sold on-chain, causing GUA’s price to plummet by 75%. These GUA tokens were ultimately swapped for 2,784 ETH—worth roughly $5.66 million—and deposited into three wallets.