News linked to this event type.
According to on-chain analyst Wazz (@WazzCrypto), an organized serial rug pull and fund-draining syndicate operates on the Robinhood blockchain. The group has been linked to 53 token launches in the past two months, with directly trackable extracted funds reaching $18.43 million, though the actual amount is likely higher. The syndicate's modus operandi is highly systematic: funds raised from each launch are routed to the deployment wallet of the next launch within seconds, forming a continuous funding pipeline. Each issuance is sniped via 70–200 bundled wallets to secure over 70% of the supply, primarily launched on the Pons V2 platform. Additionally, the group generates hype through "fake launches" before official drops to preemptively harvest market sentiment, only revealing the real contract address afterward to maximize extraction profits. Notably, $DEED, the trigger token for this investigation, did not even make it into the top ten highest-drained tokens.
According to Odaily, monitoring by Ai Yi shows that an address which accumulated 130,591 ETH in 2023 transferred another 16,919 ETH, worth $45.85 million, to an exchange 3 hours ago. Over the past week, this address has transferred a cumulative 128,972.05 ETH, worth approximately $345 million, to exchanges, with an average transfer price of $2,680.31. If sold, the estimated profit would be $84.31 million. After this latest transfer, the address's on-chain ETH balance has been emptied.
Crypto analyst Ali posted on X that Dogecoin has reached a key resistance zone around $0.098, with roughly 28 billion DOGE previously traded near this level. Meanwhile, whales continue to accumulate. Over the past 96 hours, large holders have cumulatively purchased over 1.14 billion DOGE, valued at approximately $112 million. Ali added that whales appear to be positioning for a DOGE breakout above the current resistance level.
Odaily News — According to monitoring by Ai Yi, trader mk4 (@mk4_lul, 0x773...bf66) holds the largest NEAR position on Hyperliquid, accounting for 7.68% of open interest. The trader holds a 10x long position of 5.838 million NEAR, valued at $31.28 million, with an average entry price of $2.35 and a current price of $5.36, resulting in an unrealized profit of $17.55 million. This position is currently their only long position; NEAR has risen 187% this month, and mk4 opened the position in early September, with gains of nearly 128% so far.
Odaily News: According to on-chain analyst Yu Jin, over 90% of the funds swapped cross-chain through THORChain are illicit or grey-market funds. Yu Jin stated that most of the funds stolen from Bybit last year were transferred through THORChain, which collected nearly $10 million in fees within 10 days. Recently, some of the funds stolen from Bitget have also been transferred through THORChain, generating $1 million in fee revenue.
According to on-chain analyst Ai Yi, a certain address has accumulated 9,158.25 ETH over the past three weeks, worth $24.34 million, with an average withdrawal price of $2,658.12. The address appears to have been adding to its position in batches as ETH declined, and is currently profiting $363,000.
Odaily News: Blockworks analyst Shaunda Devens posted on X that Polymarket's current FDV valuation of approximately $1.5 billion for Variational is somewhat overly optimistic. This pricing directly applies Hyperliquid and Lighter-level valuation-to-revenue multiples to a platform that still relies on points subsidies. By comparison, the median first-day "FDV / annualized revenue" ratio for recently launched Perp DEX tokens is only 6.3x (Variational is currently around 57x), and within the first month after TGE, trading volume typically drops sharply by a median of 54%.Shaunda added that if conservative assumptions based on historical precedents are adopted (using the median first-day "FDV/annualized revenue" ratio of 6.3x), Variational's fair valuation would be only $167 million, corresponding to a points price of $4.8–$5.4. Even using the highest recent ratio precedent (Lighter's approximately 21.1x), its valuation would still only be about $558 million, corresponding to a points price of $16–$18.However, Shaunda also explained: "To be clear, given that current market risk appetite is clearly in a Risk-on state, we do not believe Variational's valuation at TGE will fall to the extremely conservative range mentioned above. These historical multiples are listed to illustrate that current pre-market OTC pricing may be overly optimistic."
According to monitoring by on-chain analyst Yu Jin, a whale opened a long position on 550,000 SOL at $80.8 in early August, and after holding for a month and a half, the position now shows an unrealized profit of $22.43 million. Over the same period, the SOL price rose from the $70s to the $120s.
Odaily News: According to on-chain analyst Yu Jin's monitoring, a whale/institution that had held ETH for 3 years continued to take profit on 30,825 ETH (approximately $83.03 million) 9 hours ago. Over the past week, this address has transferred a cumulative total of 112,053 ETH to Bitfinex, worth approximately $300 million, with an average transfer price of $2,676, realizing a profit of approximately $72.83 million.
Odaily News: According to Lookonchain monitoring, whale address 0xd0A4 withdrew a total of 18.34 million ENA from Gate, Bybit, OKX, and Binance today, worth approximately $5.13 million.
According to on-chain analyst Ember (@EmberCN), Pump.fun transferred $8.11 million in fee revenue to Kraken two hours ago, including 47,995 SOL (approximately $5.83 million) and 2.28 million USDC.
Odaily News: On-chain analyst Darkfost posted on X stating that since June 2026, the total market capitalization of altcoins (Total2), including ETH, has attracted over $371 billion in cumulative capital inflows, representing an increase of approximately 45%. Meanwhile, about 87% of altcoins on Binance have now reclaimed their 200-day moving average, whereas in August of this year, approximately 80% of altcoins were still trading below this moving average.Darkfost believes this reflects a clear recent concentration of capital into altcoins, while market sentiment has shown signs of overheating to some degree, and it remains to be seen whether the momentum can be sustained going forward.
Analysts note that such market dynamics have historically been difficult to sustain. Current signals suggest the altcoin market is entering a more critical phase, warranting caution against local top risks.
According to Onchain Lens monitoring, 3 wallets suspected to belong to the same whale withdrew 211,430 HYPE from Hyperliquid within minutes, worth approximately $19.4 million, specifically including 81,340, 78,090, and 52,000 HYPE. Currently, these wallets are transferring HYPE between Hyperliquid and associated addresses.
Odaily News: U.S. President Donald Trump said he rejected Iran's proposal to reopen the Strait of Hormuz. In an interview with the media, Trump stated that the U.S. has complete control over the Strait of Hormuz, and a large amount of oil is flowing out of the Strait of Hormuz. Iran wanted to reach an agreement and immediately reopen the Strait of Hormuz, but "I rejected their proposal." (Xinhua News Agency)
Binance has signed a new five-year commercial agreement with Circle and invested $100 million to purchase Circle shares, which will further expand USDC's coverage in emerging markets and global transactions, and exert more pressure on USDT, which has long been dominated by Tether.Data shows that when the two parties first partnered in December 2024, Binance offered 140 USDC-denominated spot trading markets, which has now increased to 329; Binance's monthly USDC trading volume also grew from approximately $20 billion to $40 billion before the partnership to consistently exceeding $80 billion.Anastasia Melachrinos, Head of Research at Kaiko, stated that since 2026, Binance has consistently held the largest share of USDC spot trading activity, with daily trading volumes reaching $5 billion to $10 billion, approximately 10 to 20 times that of most other trading platforms. Analysts also noted that USDT currently has a market capitalization of approximately $140 billion, still significantly higher than USDC's approximately $74 billion, and its trading pairs, local liquidity, and user habits accumulated over years in the global trading and payment markets remain difficult to change in the short term. (CoinDesk)
Odaily report: According to Lookonchain monitoring, FOMO trader OuterHeavyBat made over $320,000 in profit through MASK within 48 hours, achieving a 318% return rate.
according to on-chain analyst Aunt Ai's monitoring, address 4RS3H…Ldq2Z spent $3,207 to buy 10 million PAID tokens 10 days ago, with an average cost of only $0.0003197. As PAID hit an all-time high today, the address currently has unrealized gains of approximately $437,000, representing a return on investment of over 13,493%.
according to Lookonchain monitoring, an early AAVE whale sold 30,000 AAVE at an average price of $147 over the past 2 days, worth $4.41 million.
analyst Ali has noted that after the SUI weekly chart previously confirmed a macro buy signal, it rebounded from the bottom of the channel and has now reclaimed the mid-range around $1. Following this breakout above resistance, he is watching whether SUI's rally can continue and advance further toward the upper channel level near $1.40.