LABUBU Meme Coin Market Cap Surpasses $30 Million, Reaching an All-Time High
On May 26th, according to the market data of
GMGN, the meme coin LABUBU, which is based on the trendy toy IP of Bubble Mart, has a market capitalization exceeding $30 million. Currently, it stands at $32.1 million and reaches a historical high with a 24-hour increase of 49.34%.
BlockBeats Note: Meme coins are highly volatile and often rely on market sentiment and hype, and have no actual value or use case. Investors should be aware of the risks involved.
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A certain Whale/Institutional Address bought back 30,000 ETH 6 hours ago, conducting a swing trade and earning a $3.24 million profit.
On May 26th, as monitored by on-chain data analyst Yu Jin, 4 days ago, a whale/institution sold 30,000 ETH through Wintermute OTC. And 6 hours ago, they bought back the same 30,000 ETH. They carried out an ETH arbitrage and earned a profit of $3.24 million.
It is reported that on May 22nd, they sold 30,000 ETH through Wintermute OTC and earned $23.73 million (+43%), with a selling price of $2,621. Today, they used $75.39 million USDC to buy back the same 30,000 ETH through Wintermute, with an average price of $2,513. The buyback price was $108 lower than the selling price a few days ago, resulting in a locked profit of $3.24 million.
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This Week's Unlock Data Overview: SUI, OP, ZETA to Experience Large One-Time Token Unlock
On May 26th, according to Token Unlocks data, this week SUI, OP, ZETA, and others are going to experience a one-time large token unlock. This includes:
Optimism (OP) will unlock approximately 31.34 million tokens at 8 a.m. Beijing time on May 31st, which accounts for 1.83% of the current circulation and is valued at around $23.33 million.
Sui (SUI) will unlock approximately 44 million tokens at 8 a.m. Beijing time on June 1st, accounting for 1.32% of the current circulation and valued at around $158 million.
ZetaChain (ZETA) will unlock approximately 44.26 million tokens at 8 a.m. Beijing time on June 1st, accounting for 5.34% of the current circulation and valued at around $11.34 million.
dydx (DYDX) will unlock approximately 8.33 million tokens at 8 a.m. Beijing time on June 1st, accounting for 1.07% of the current circulation and valued at around $5.06 million.
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B Market Cap Surges Temporarily to $4.4 Billion, Setting Another All-Time High
On May 26th, based on GMGN market data, BUILDon (B) saw a surge of approximately 35% in the early morning. Its market capitalization briefly exceeded $440 million, reaching a new all-time high. Currently, it is trading at $389 million, with a 24-hour trading volume of $268 million.
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In the past 12 hours, there has been a total of $104 million in liquidations across the entire network, leading to a long and short squeeze.
On May 26th, based on Coinglass data, within the past 12 hours, a combined total of $104 million was liquidated across the entire network. Specifically, there were $49.26 million in long liquidations and $55.71 million in short liquidations.
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Whale James Wynn has closed his $1 billion BTC short position, realizing a $15.86 million loss on the trade
On May 26th. According to on-chain data analyst Ember Monitor, whale James Wynn liquidated his $1 billion short position through a stop-loss order from 6:09 to 6:15 Beijing time, incurring a loss of $15.86 million.
Yesterday, James Wynn shorted 9,402 BTC at an average price of $107,069, with a position value of $1 billion and a leverage of 40x. At 6:00 this morning, when BTC began to rebound, he decided to execute a stop-loss order at 6:09 and closed his $1 billion position within just 6 minutes.
BlockBeats previously reported that this morning, Trump stated that the EU has requested an extension of the trade negotiation window and has agreed to extend the deadline to July 9th.
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