According to Lookonchain, a whale who spent 3M USDC across two wallets to buy 750M PUMP in a public sale six months ago deposited the entire 750M PUMP to Hyperliquid about an hour before Lookonchain’s post on Jan 1, 2026 (source: Lookonchain on X). According to Lookonchain, the 750M PUMP deposit is valued at approximately $1.47M and selling the whole position would result in a $1.53M loss, or -51% versus cost (source: Lookonchain on X). According to Arkham Intel’s explorer, the wallets cited by Lookonchain can be traced, corroborating the addresses and token flow for the two funding wallets and the receiving account referenced (source: Arkham Intel explorer). Based on Lookonchain’s figures, the buyer’s approximate cost basis is $0.004 per PUMP (3,000,000 USDC divided by 750,000,000 PUMP), and the implied current valuation is about $0.00196 per PUMP from the $1.47M deposit value (source: Lookonchain on X).

According to @lookonchain, on Jan 1, 2026, a newly created wallet deposited 8M USDC to Hyperliquid and went all-in on long positions. According to @lookonchain, positions opened were: 12.18M XPL ($2M), 1.18M IP ($2M), 82.61M MON ($1.9M), 32.41M STBL ($1.8M), 779.56M PUMP ($1.5M), 52.45M GRIFFAIN ($970K), 509K VVV ($847K), 22.86M AIXBT ($806K), 41.52M HEMI ($691K), 11.24M MAVIA ($648K), and 42.95M STABLE ($604K). According to @lookonchain, the total notional across these longs is approximately $13.77M, compared with the reported $8M USDC deposit.

According to @OnchainLens, a newly created wallet deposited 8 million USDC into HyperLiquid and began opening leveraged long positions on Jan 1, 2026; source: Onchain Lens on X Jan 1, 2026. Positions cited include XPL and PUMP at 10x leverage, MON at 5x, and VVV, STBL, STABLE, IP, HEMI, GRIFFAIN, MAVIA, AIXBT at 3x; source: Onchain Lens on X Jan 1, 2026; corroborated by CoinMarketMan HyperTracker wallet 0xEa6670EbdB4a388A8CFc16f6497Bf4f267B061EE app.coinmarketman.com/hypertracker/wallet/0xEa6670EbdB4a388A8CFc16f6497Bf4f267B061EE. The tracked wallet address is 0xEa6670EbdB4a388A8CFc16f6497Bf4f267B061EE on HyperLiquid, where live positions are displayed; source: CoinMarketMan HyperTracker app.coinmarketman.com/hypertracker/wallet/0xEa6670EbdB4a388A8CFc16f6497Bf4f267B061EE.

According to @OnchainLens, a newly created wallet linked to Jez (@aerobatic) deposited 2.06 million USDC to HyperLiquid and opened 20x leveraged long positions in BTC, ETH, and SOL. Source: https://twitter.com/OnchainLens/status/2006530163836858566; https://hyperbot.network/trader/0x2457CbddBED202b7a3f5C21B3fb37058cbdfC871 Traders can monitor the associated trader address 0x2457CbddBED202b7a3f5C21B3fb37058cbdfC871 on HyperLiquid’s HyperBot page for live position updates and risk tracking. Source: https://hyperbot.network/trader/0x2457CbddBED202b7a3f5C21B3fb37058cbdfC871; https://twitter.com/OnchainLens/status/2006530163836858566

According to @CoinMarketCap, 2025’s market structure was defined by falling or flat BTC and altcoin prices while the stablecoin market cap surged, with USDT and USDC reaching a record combined roughly $263B, source: @CoinMarketCap. According to @CoinMarketCap, the cited drivers were payments adoption and regulation, specifically the GENIUS Act, alongside inflows from large institutions and venture capital, source: @CoinMarketCap. According to @CoinMarketCap, this positions stablecoins as the dominant liquidity base for crypto, a key signal traders can watch via USDT and USDC share versus BTC and alt performance, source: @CoinMarketCap.

According to @lookonchain, address 0x4924 placed 6 prediction bets on Polymarket on Dec 31, 2025, with 4 winning bets and a total daily profit of $928,000, as shown in the linked activity feed for the address, source: https://x.com/lookonchain/status/2006286725778419886; source: https://polymarket.com/@0x492442EaB586F242B53bDa933fD5dE859c8A3782-1766317541188?tab=activity. Based on the reported figures, the win rate was 66.7% and the average profit per winning bet was approximately $232,000, calculated from $928,000 across 4 wins, source: https://x.com/lookonchain/status/2006286725778419886. The post does not disclose stake sizes, specific market questions, or time-in-trade for each position, and these details are not visible in the tweet itself, source: https://x.com/lookonchain/status/2006286725778419886. Polymarket facilitates prediction trading using USDC on Polygon, making PnL settlement and trade activity on-chain for addresses like 0x4924, source: https://polymarket.com/learn; source: https://help.polymarket.com.

According to @lookonchain, the Official TRUMP Meme Team wallet withdrew another 33M USDC from a liquidity pool and deposited it to Coinbase on Dec 31, 2025, source: @lookonchain X post dated Dec 31, 2025; Arkham Intel entity page. Over the past month, cumulative withdrawals reached 94M USDC from the pool with deposits to Coinbase, source: @lookonchain X post dated Dec 31, 2025. Arkham Intel labels the address as Official TRUMP Meme, enabling traders to track further transfers in real time, source: Arkham Intel entity page. Lower stablecoin depth in a pool generally increases slippage and price impact for swaps, so TRUMP liquidity on DEXs should be monitored alongside Coinbase inflows from the tagged address, source: Uniswap documentation on liquidity and slippage; @lookonchain X post dated Dec 31, 2025.

According to @lookonchain, three whale wallets deposited 9.98M USDC into Lighter and have executed 8.67M USDC to acquire 3.44M LIT, with 1.35M USDC remaining unspent. Source: Lookonchain on X, Dec 31, 2025. Based on the figures reported by @lookonchain, the implied average executed price is approximately $2.52 per LIT and about 86.9% of the deposited capital has been deployed. Sources: Lookonchain on X, Dec 31, 2025; app.lighter.xyz/explorer/accounts/0xd42963DfE1574DACcE30E4340662d56aF4bd475e; app.lighter.xyz/explorer/accounts/0xFb94D3404c1d3D9D6F08f79e58041d5EA95AccfA; app.lighter.xyz/explorer/accounts/0xEcA11C909d39f27262F41587F11f4047b20A0Fb8.

According to @OnchainLens, a whale deposited $4.03M USDC into Lighter and purchased 1.63M LIT for $3.8M at an average price of $2.33, indicating a large single-sided buy flow at that level (source: @OnchainLens on X; source: app.lighter.xyz/explorer/accounts/0xFb94D3404c1d3D9D6F08f79e58041d5EA95AccfA). According to @OnchainLens, the wallet still holds 227,099 USDC, with the poster stating it is likely to buy more, which traders may monitor for follow-on orders (source: @OnchainLens on X). According to @OnchainLens and the linked Lighter explorer, the transaction and wallet activity can be verified on-chain via the Lighter account 0xFb94D3404c1d3D9D6F08f79e58041d5EA95AccfA, enabling tracking of any additional LIT accumulation or USDC deployment (source: @OnchainLens on X; source: app.lighter.xyz/explorer/accounts/0xFb94D3404c1d3D9D6F08f79e58041d5EA95AccfA). According to @OnchainLens, the realized fill of $2.33 for 1.63M LIT is a concrete reference level for order flow analysis on Lighter and can inform liquidity monitoring around that price (source: @OnchainLens on X; source: app.lighter.xyz/explorer/accounts/0xFb94D3404c1d3D9D6F08f79e58041d5EA95AccfA).

According to @EmberCN, over the past three weeks the $TRUMP deployer address transferred 94 million USDC to Coinbase (source: @EmberCN on X, 2025-12-31). Per @EmberCN, the USDC originated from selling $TRUMP via single-sided liquidity provision on Meteora within preset price ranges, converting $TRUMP into USDC (source: @EmberCN). Per @EmberCN, the activity concerns the couple’s memecoins $TRUMP and $MELANIA (source: @EmberCN). For traders, this on-chain flow indicates conversion of $TRUMP into USDC and movement to a centralized exchange address on Coinbase, so monitoring the deployer wallet and Meteora pools is relevant for liquidity and execution tracking (source: @EmberCN).

According to @jchervinsky, U.S. banks are pressing Congress to ban rewards on U.S.-issued stablecoins, which he characterizes as a national security issue with direct market-structure consequences, not just incumbent protection, source: @jchervinsky (X, Dec 31, 2025). According to @jchervinsky, the GENIUS Act delivered a strategic win for U.S. dollar dominance by enabling rewards on compliant dollar stablecoins, source: @jchervinsky (X, Dec 31, 2025). According to @jchervinsky, revisiting or banning stablecoin rewards would hand a competitive advantage to China and other non-U.S. alternatives, source: @jchervinsky (X, Dec 31, 2025). According to @jchervinsky citing @faryarshirzad, the People’s Bank of China plans to pay interest on the Digital Yuan (e-CNY), highlighting direct competitive pressure against U.S.-ruled stablecoins, source: @faryarshirzad (X, Dec 31, 2025) as cited by @jchervinsky (X, Dec 31, 2025). According to @jchervinsky, Senate negotiations on the market structure bill are pivotal because mishandling stablecoin rewards could grant non-U.S. stablecoins and CBDCs a critical edge and undermine the primacy of U.S.-regulated dollar stablecoins as future settlement instruments, source: @jchervinsky (X, Dec 31, 2025). According to @jchervinsky, tokenization is the future and preserving stablecoin rewards is integral to maintaining U.S. dollar primacy in on-chain settlement, source: @jchervinsky (X, Dec 31, 2025).

According to @OnchainLens, a newly created wallet deposited 2.5 million USDC into HyperLiquid. Source: @OnchainLens According to @OnchainLens, the same wallet opened a short position on LIT using 3x leverage. Source: @OnchainLens According to the source, the trader address is 0xA9ADD5Cf5aEE9d209E2E5281Cff9a66921945b97, viewable on Hyperbot: https://hyperbot.network/trader/0xA9ADD5Cf5aEE9d209E2E5281Cff9a66921945b97. Source: hyperbot.network According to the source, based on a 2.5 million USDC collateral and 3x leverage, the position could represent up to roughly 7.5 million USDC in notional exposure if fully utilized. Source: @OnchainLens

According to @OnchainLens, Circle minted another $1B USDC on Solana within the past 11 hours and Tether minted $1B USDT on Tron, totaling $2B in new stablecoin issuance over that window (source: Onchain Lens on X, Dec 31, 2025). According to @OnchainLens, Tether has minted $26B USDT on Tron in 2025 (source: Onchain Lens on X, Dec 31, 2025). According to @OnchainLens, the reported mints place new USDC supply on Solana and new USDT supply on Tron during the stated period (source: Onchain Lens on X, Dec 31, 2025).

According to the source, a 2025 review asserts record stablecoin growth tied to a GENIUS Act opening the floodgates; traders should verify any U.S. federal legislation by reviewing bill text, status, and committee actions on Congress.gov before reallocating capital (source: Congress.gov). To confirm whether the stablecoin market cap expanded in 2025, aggregate circulating supply for USDT and USDC from issuer attestations and on-chain contract explorers, comparing month-over-month changes to prior years for a data-driven view (sources: Tether Transparency, Circle Attestations, Etherscan). Assess trading impact by monitoring stablecoin share of total crypto market cap, fiat on/off-ramp spreads, order book depth, and spot/perpetual volumes across major venues before adjusting basis, funding, and liquidity-provision strategies (sources: Binance Market Data, Coinbase Advanced Trade Data, CME Group). Recheck regulatory risk by reviewing U.S. Treasury and FinCEN guidance on stablecoins and any supervisory statements affecting bank custody and payment rails, as these can alter USDT/USDC settlement speed and market liquidity (sources: U.S. Treasury, FinCEN, Federal Reserve).

According to Onchain Lens, a whale deposited $4.35 million USDC to HyperLiquid and opened a 1x LIT short now showing around a $200,000 floating loss, source: Onchain Lens on X https://twitter.com/OnchainLens/status/2005946992133042549 and CoinMarketMan HyperTracker https://app.coinmarketman.com/hypertracker/wallet/0x5405450caE1B86581f017d1c35AD954D8703F802. According to Onchain Lens, the same wallet holds shorts on Lighter_xyz in XMR 10x, ASTER 5x, MEET 5x, HYPE 3x, USELESS 3x, and STBL 3x with roughly $1.6 million floating profit, source: Onchain Lens on X https://twitter.com/OnchainLens/status/2005946992133042549 and CoinMarketMan HyperTracker https://app.coinmarketman.com/hypertracker/wallet/0x5405450caE1B86581f017d1c35AD954D8703F802.

According to @OnchainLens, two whales on HyperLiquid opened LIT short positions with 3x leverage after depositing 2,000,000 USDC and 1,500,000 USDC, respectively (source: Onchain Lens). Address 0x47e deposited 2,000,000 USDC and shorted LIT at 3x leverage, and address 0xd6b deposited 1,500,000 USDC and shorted LIT at 3x leverage, with trader pages at hyperbot.network/trader/0x47a761bb9e970ac93cb571c4614c4ca643714e4f and hyperbot.network/trader/0xd6BAb97182fc8F26B2C9102ab5D421C35C145bAd (source: Onchain Lens; hyperbot.network). Total deposits tied to these LIT shorts equal 3,500,000 USDC on HyperLiquid (source: Onchain Lens).

According to @OnchainLens, a single wallet deposited $3 million USDC into HyperLiquid and executed $2.78 million of buys for 108,501 HYPE at an average price of $25.63, while also holding 10,030 HYPE in staking, based on the X post dated Dec 30, 2025 and the linked wallet view at app.coinmarketman.com/hypertracker/wallet/0x4A96036FB1529561fA3eeEB2781Fad2D4F25500e. For traders, the $25.63 cost basis is an immediate reference level for potential support or resistance in HYPE order flow on HyperLiquid, grounded in the reported fill price and wallet data source: @OnchainLens and app.coinmarketman.com/hypertracker/wallet/0x4A96036FB1529561fA3eeEB2781Fad2D4F25500e. The additional 10,030 HYPE in staking indicates part of the position is not immediately tradable, modestly tightening available float from this wallet during volatility, as evidenced by the same sources @OnchainLens and the referenced wallet page.

According to @Nick_van_Eck, global stablecoin liquidity will concentrate into roughly 5–10 open-loop payment stablecoins such as AUSD, USDC, and USDT due to network effects spanning user demand, venue acceptance, and deep markets across spot, perps, and futures, prioritizing credible neutrality, global liquidity, and broad utility for settlement and trading use cases, source: @Nick_van_Eck on X, Dec 29, 2025. He states open-loop coins are defined by credible neutrality, global liquidity, and global utility, while noting USDC as an exception on neutrality because Coinbase/Circle compete with some customers via Base, Arc, custody, trading venues, and prediction markets, source: @Nick_van_Eck on X, Dec 29, 2025. He adds that thousands of whitelabel stablecoins will exist for closed-loop purposes like loyalty and in-game tokens, or where brand, regulatory, or product constraints require it, and that most custom coins pursue specific objectives rather than competing as global open-loop money, source: @Nick_van_Eck on X, Dec 29, 2025. For trading and integration, he says AUSD can be used to pair liquidity, serve as the deposit and withdrawal asset for minting and redemption of new custom stablecoins, enable revenue sharing, and leverage infrastructure such as LayerZero/Stargate, centralized exchanges, and on/off-ramps, source: @Nick_van_Eck on X, Dec 29, 2025. He notes Agora offers a whitelabel stablecoin product, references Paxos’s enterprise whitelabel history and that Coinbase recently announced a similar approach, and states Agora will power whitelabeled issuance for clients of a leading banking brand with more updates expected in Q1, source: @Nick_van_Eck on X, Dec 29, 2025. He underscores execution focus on real customer problems including cheaper money movement and interchange, easier borrow/lend, reduced counterparty risk, lower financing costs, onchain tokenization of RWAs, and faster settlement for institutional and consumer workflows, source: @Nick_van_Eck on X, Dec 29, 2025.

According to Onchain Lens, wallet neoyokio.eth deposited $2,000,000 USDC into HyperLiquid and opened a ZEC short position with 2x leverage, as shown on the referenced tracker app.coinmarketman.com/hypertracker/wallet/0xfb5146803b7dde661aab84915cc1435697caf896, source: Onchain Lens on X and app.coinmarketman.com. This confirms a sizable bearish exposure to ZEC on the HyperLiquid venue based on the reported short and leverage, source: Onchain Lens on X.

According to @OnchainLens, over the past 2 days a single whale spent a total of $2.66M in USDC/USDT to acquire 8.58M $FARTCOIN, linked to wallet fx4E7VEysZciM5nqNbCeEUYPzfYSStuz19SWskTqxnk (source: @OnchainLens). According to @OnchainLens’s reported totals, this implies an average acquisition price of roughly $0.31 per FARTCOIN (source: @OnchainLens). According to @OnchainLens, the activity is concentrated in that wallet, which traders can monitor for subsequent inflows or outflows tied to $FARTCOIN (source: @OnchainLens). According to @OnchainLens, no additional details on venue, execution, or intent were provided (source: @OnchainLens).