According to @Celo, Ethereum is leading stablecoin activity with about $170B in supply and 5M active addresses since 2020 (source: Eco citing Artemis). Fidelity launched FDID, a US dollar stablecoin on Ethereum (source: Fidelity). Y Combinator enabled founders to receive startup funding in USDC (source: Y Combinator). Flutterwave acquired Mono to expand open banking infrastructure across Africa and bolster stablecoin payment rails (source: Flutterwave and Mono). Tether announced a $100M investment in Anchorage, the federally regulated digital asset bank and issuer of USA₮, to strengthen institutional stablecoin infrastructure (source: Tether and Anchorage). These developments reinforce Ethereum’s role in onchain settlement and stablecoin adoption (source: @Celo).

According to @bubblemaps, between Nov 2025 and Jan 2026, three addresses funded roughly 100 new wallets that had no prior activity, dispersed USDC to additional wallets, and then sniped the token at launch; according to @bubblemaps, one of the funding addresses is linked to GaCagz, the creator of $WAR, with the on-chain map published at v2.bubblemaps.io/map/GwZkA13raXTqhH7jC1Ic.

According to Onchain Lens, Machi deposited 250K USDC to HyperLiquid to increase and open long positions in ETH at 25x, BTC at 40x, HYPE at 10x, and PUMP at 10x as the market continues to decline (source: Onchain Lens; CoinMarketMan HyperTracker). According to Onchain Lens, Machi's cumulative losses have surpassed 26.7M USD, with activity tied to wallet 0x020ca66c30bec2c4fe3861a94e4db4a498a35872 on HyperLiquid (source: Onchain Lens; CoinMarketMan HyperTracker).

According to Lookonchain, trader Machi (@machibigbrother) was liquidated six additional times and then deposited 250K USDC to Hyperliquid to continue long positions in ETH and HYPE (source: Lookonchain). Lookonchain linked the trader’s entity page on Arkham Intelligence for wallet tracking and verification of on-chain activity (source: Lookonchain). This pattern indicates ongoing leveraged long exposure on Hyperliquid’s ETH and HYPE perpetuals, increasing vulnerability to further deleveraging if adverse price moves persist (source: Lookonchain). Traders can monitor liquidation levels, funding, and open interest on Hyperliquid’s ETH and HYPE perps to gauge squeeze or cascade risk tied to this wallet’s activity (source: Lookonchain).

According to @OnchainLens, an on-chain whale sold 3.59M AERO for 1.39M USDC, 35.45M BRETT for 310,459 USDC, and 636,148 VIRTUAL for 407,546 USDC over the last two days, realizing losses of 3.66M, 3.07M, and 1.76M respectively. According to @OnchainLens, the same address has also started selling ANDY with a reported loss of 1.615M. According to @OnchainLens, these transactions show active position reduction by a large holder across multiple altcoins, adding immediate sell-side flow to AERO, BRETT, VIRTUAL, and ANDY pairs.

According to @lookonchain, Machi deposited 249,950 USDC to continue long exposure in $ETH and $HYPE. The address now holds 1,000 ETH (about $2.13M) and 26,000 HYPE (about $904K) with liquidation prices at $1,933.21 for ETH and $26.93 for HYPE. Source: @lookonchain; Hyperdash. @lookonchain also reports the trader has been liquidated 262 times, underscoring persistent high leverage risk. Source: @lookonchain. For traders, these liquidation thresholds mark key risk levels where forced unwinds would occur if reached. Source: @lookonchain.

According to Lookonchain, wallet 0x66cF spent 44.78M USDC to buy 9,485 ETH at 4,721 around five months ago, based on on chain records. Source: Lookonchain; Arkham. According to Lookonchain, about one hour ago the same wallet sold all 9,485 ETH for roughly 20.5M USD at 2,162, realizing a 24.27M loss equal to 54 percent, as shown on the Arkham address explorer. Source: Lookonchain; Arkham. According to Lookonchain, this sequence is a classic buy high, sell low event from a single whale address. Source: Lookonchain.

According to @ai_9684xtpa on X, a whale offloaded 41,800 ETH via Hyperunit across 10 addresses within eight hours and then deposited proceeds to Aave to repay debt, source: @ai_9684xtpa. Since the broader sell-off that began on Jan 31, the same entity has sold a cumulative 58,117 ETH, source: @ai_9684xtpa. The wallet cluster still has 38,465.3 ETH staked on chain and an outstanding borrow of 40.06 million USDC on Aave, source: @ai_9684xtpa. The cluster can be tracked through the Arkham Intelligence explorer entity referenced by the author, source: Arkham Intelligence; @ai_9684xtpa.

According to Lookonchain, Machi Big Brother was liquidated another 10 times, with the 250K USDC he deposited one day earlier now down to 57.7K USDC (source: Lookonchain). According to Lookonchain, the pattern is deposit funds, double down on longs, get liquidated, repeat, highlighting persistent overleverage risk (source: Lookonchain). According to Lookonchain, this sequence underscores how averaging into leveraged longs can rapidly erode capital when positions are repeatedly liquidated (source: Lookonchain).

According to @OnchainLens, on HyperLiquid, wallet 0x8d0 deposited $3M USDC and opened a BTC long with 20x leverage after previously losing over $11M, source: @OnchainLens. According to @OnchainLens, wallet 0x218 deposited $5.2M USDC and opened a BTC short with 14x leverage after previously making $10M, source: @OnchainLens.

According to @OnchainLens, a wallet labeled Bitcoin OG (10/11) deposited an additional 15,000 ETH to Binance to sell and repay a loan, bringing total deposits over the past seven hours to 35,000 ETH. According to @OnchainLens, the entity also withdrew $82.39M in USDT and USDC to repay the loan, citing Arkham Intelligence's on-chain entity tracker.

According to @jessepollak, Y Combinator now allows portfolio companies to receive their standard 500k investment in USDC on Base to enable cheap, fast, global transfers using trusted currencies (source: @jessepollak on X). The announcement cites YC-backed Aspora and DolarApp as examples of stablecoin-powered services across India and Latin America, and references the passage of the GENIUS Act alongside growing institutional adoption (source: @jessepollak on X). YC states it expects many startups, crypto-focused or not, to use crypto for payments, banking, and capital raising, underscoring stablecoins and the Base network as core rails for startup finance and cross-border settlements (source: @jessepollak on X).

According to @lookonchain, trader Machi (@machibigbrother) was partially liquidated again, bringing his total liquidations to 252, reinforcing his King of Liquidations reputation (source: @lookonchain on X). According to @lookonchain, after a near wipeout he reloaded about 250K USDC and resumed max leverage long positions in ETH and HYPE (source: @lookonchain on X). According to @lookonchain, these max leverage longs concentrate risk and heighten sensitivity to volatility and potential liquidation cascades in ETH and HYPE exposure (source: @lookonchain on X). According to @lookonchain, the trading activity can be tracked via legacy.hyperdash.com/trader/0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872 for ongoing position and liquidation signals (source: @lookonchain on X).

According to @OnchainLens, Vitalik Buterin sold a further 211 ETH for 491,721 GHO, bringing total sales to 704 ETH valued around 1.65 million dollars, with swaps occurring roughly every two hours from address 0xfeb016d0d14ac0fa6d69199608b0776d007203b2 (source: @OnchainLens on X). According to @OnchainLens, prior transactions included 493 ETH swapped for approximately 500,000 USDC and 659,510 GHO (source: @OnchainLens on X). According to @OnchainLens, the wallet also converted 5,000 ETH to WETH before these swaps (source: @OnchainLens on X).

According to @OnchainLens, Vitalik Buterin sold 493 ETH for approximately 500K USDC and 659,510 GHO. According to @OnchainLens, he converted 5,000 ETH to WETH and is likely to sell all. According to @OnchainLens, the activity is linked to address 0xfeb016d0d14ac0fa6d69199608b0776d007203b2.

According to Onchain Lens, a newly created wallet deposited 3.18 million USDC into HyperLiquid and opened a 20x leveraged long position on ETH (source: Onchain Lens). Onchain Lens also noted the whale is likely to increase the position or open a new one (source: Onchain Lens). Based on the on chain flows flagged by Onchain Lens, traders are monitoring ETH perpetuals on HyperLiquid for shifts in funding rates, open interest, and nearby liquidation clusters that could drive short term volatility (source: Onchain Lens). Onchain Lens’ disclosure highlights concentrated leverage that can amplify price moves and raise liquidation risk if price reverses (source: Onchain Lens).

According to @ai_9684xtpa, 1,315 BTC were moved from a Binance hot wallet to a SAFU Fund address with an estimated value near 100 million dollars. Source: X post https://twitter.com/ai_9684xtpa/status/2018241362697789699 and Arkham address explorer https://intel.arkm.com/explorer/address/1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD The receiving wallet is not the SAFU USDC reserve address 0x420ef1f25563593aF5FE3f9b9d3bC56a8bd8c104, per the source. Source: X post https://twitter.com/ai_9684xtpa/status/2018241362697789699 SAFU executed a contract call adding two addresses to its receive whitelist: 0x4b16c5de96eb2117bbe5fd171e4d203624b014aa and 0xb7e60762d1edd21e8946abb72c3fd875bc53effb. Source: Etherscan transaction https://etherscan.io/tx/0x789998fc781443bb9349292e1a5ee2f4b181f6937db3a379c7fc567924d5d607 and X post https://twitter.com/ai_9684xtpa/status/2018241362697789699 Further clarification is pending an official Binance announcement, as noted by the source. Source: X post https://twitter.com/ai_9684xtpa/status/2018241362697789699

According to Onchain Lens, a whale deposited 1.127 million USDC into HyperLiquid and opened a 10x leveraged short position on BNB; source: Onchain Lens on X and CoinMarketMan HyperTracker. Onchain Lens also reports the same wallet previously realized 4.57 million dollars in gains across XPL, HYPE, and other trades; source: Onchain Lens and CoinMarketMan HyperTracker. This activity indicates a high-leverage bearish exposure to BNB on a derivatives venue; source: Onchain Lens.

According to @ai_9684xtpa, a tracked address sent 24.94 million USDC to Wintermute and then received 10,000 ETH, which the source flags as a likely OTC purchase at a cost of 2416.21. According to the source, over the last two days the same whale or institution accumulated 30,000 ETH worth about 80.56 million dollars with an average cost near 2685.35. The source also reports the address deposited 56.05 million USDC to FalconX and withdrew 20,000 ETH, described as a likely buy at 2819.92, after the address reportedly sold 10,000 ETH at 3011.68 earlier. The source adds that since Jan 21 the address has amassed 80,013 ETH at an average cost of 2885.75 with an unrealized loss around 6.43 million, and provides an Arkham wallet link for verification.

According to @lookonchain, a whale that sent 45M USDC to Hyperliquid to accumulate HYPE capitulated during the market crash, selling the entire HYPE position and realizing about $3.72M in losses (Source: https://x.com/lookonchain/status/2017630868148482417). On-chain transaction records for address 0x9D26f5Bc7E5C7f767eade0b9De58d94f49301BfF confirm the deposit, HYPE purchases, and full exit sequence as cited (Source: https://hypurrscan.io/address/0x9D26f5Bc7E5C7f767eade0b9De58d94f49301BfF; Source: @lookonchain).