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TOP Network is a decentralized blockchain ecosystem composed of a public blockchain, DApps, and decentralized communication.
“Today’s Top 1 Loss”: ETH’s Largest Long Position Incurs $88.5 Million Floating Loss—Over 5.3x the Initial Margin
According to Hyperinsight monitoring, ETH declined again this morning, briefly approaching $1,500. On Hyperliquid, ETH’s largest long position—held by the “BIT-affiliated whale”—suffered substantial losses across its four addresses, with losses exceeding $10.1 million within the past 24 hours. Its total unrealized loss has now widened to $88.5 million. Given its initial position size of approximately $16.5 million, the loss has exceeded 5.3 times the principal.
Today’s Top 1 Liquidation on-Chain: A Whale’s BTC Long Position Liquidated Again; $30.46M Liquidated in Past Three Days
According to Hyperinsight monitoring, early this morning, the short position address on Hyperliquid—dubbed the “$13M Whale”—suffered yet another liquidation after two consecutive forced liquidations, bringing its total liquidated amount to 96.39 BTC (valued at approximately $7.3 million). This whale has been the largest liquidation address on Hyperliquid for three consecutive days, with a cumulative liquidation value of $30.46 million. Details are as follows:
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Jiang Zhuoer: Changxin Technology's opening price is too high; there are no longer trading or arbitrage opportunities
Jiang Zhuoer, founder of Lubian Pool (B.TOP), stated in a post that the opening price of ChangXin Technology was too high, and there are no longer trading or arbitrage opportunities.
SK Hynix surges then retreats; top short seller increases Samsung and Hynix short positions to $46 million
According to Hyperinsight monitoring, SK Hynix (SKHX) opened at $1,295 today, up 4.1% from yesterday's closing price; after opening, it surged to a high of $1,324.9, with gains expanding to 6.5% at one point, before falling back to $1,267.05, a 4.4% pullback from the high.
Smart money collectively bets on Mexico not winning in regular time, with top holders' addresses realizing a total profit of $20.3 million
Pre-match position data from the PPP Prediction Market Tool shows that in the Polymarket "World Cup Round of 16: Mexico vs. England" prediction event, multiple profitable addresses have bet on Mexico failing to secure a victory during regular time.The total profits of the top 5 addresses are $360,000, $350,000, $2.3 million, $650,000, and $16.7 million, respectively.The Odaily Seer Prophet Channel keeps a close watch on prediction markets, spotting changes before prices are set.
“Today’s Top 1 Loss”: ETH’s Largest Long Position Incurs $88.5 Million Floating Loss—Over 5.3x the Initial Margin
According to Hyperinsight monitoring, ETH declined again this morning, briefly approaching $1,500. On Hyperliquid, ETH’s largest long position—held by the “BIT-affiliated whale”—suffered substantial losses across its four addresses, with losses exceeding $10.1 million within the past 24 hours. Its total unrealized loss has now widened to $88.5 million. Given its initial position size of approximately $16.5 million, the loss has exceeded 5.3 times the principal.
$TOP Token Suffers Governance Attack, Sustaining ~$1.59M in Losses
According to BlockSec Phalcon (@Phalcon_xyz), the $TOP token suffered a governance attack, resulting in losses of approximately $1.59 million. The attacker exploited the token’s low market capitalization to acquire over 50% of voting power at minimal cost. Subsequently, they passed a malicious governance proposal to mint a large quantity of $TOP tokens for themselves, then swapped these tokens for WETH via the Balancer liquidity pool—depleting the pool’s liquidity. BlockSec Phalcon advises projects using governance mechanisms similar to those of Lido or Aragon to promptly review governance security measures, including voting power distribution, quorum and approval thresholds, and minting permissions.
Jiang Zhuo’er: Strategy will not sell a large amount of tokens; it only implements a “rolling strategy.”
Jiang Zhuo’er, founder of the Litecoin mining pool B.TOP, posted his views on Strategy’s Bitcoin sales. He believes Strategy will not sell large amounts of Bitcoin—only small amounts to pay interest. Jiang argues that Strategy raises funds by issuing new STRC tokens to purchase additional BTC, while simultaneously selling a tiny amount of its early-acquired, low-cost BTC to generate accounting profits for paying STRC interest. This reflects its “rolling strategy.” However, if Strategy sold absolutely no BTC, investors might suspect it was using new funds to pay old interest. Small-scale sales generate genuine profits and help maintain Strategy’s image of “never selling Bitcoin,” thereby facilitating continued fundraising.