A whale that accumulated WBTC in 2020 sold 40 WBTC again after 6 months

On July 5th, according to the monitoring of HyperInsight (accessible via t.me/HyperInsight), a whale address beginning with 0x5D2 on HyperLiquid added $16.45 million (equivalent to 138.9 BTC) to its 40x leveraged short position in BTC. Currently, it is experiencing a floating loss of $447,000. The specific position details are as follows: Entry Price: $107,464.40 Leverage: 40x Position Value: $70,437,384.89 Position Size: 651.28 P&L: -$447,793.90 Liquidation Price: $116,670.030

On July 5th, the topic "What Is a Stablecoin" reached the top of the Douyin Hot Search List with a popularity of 12.125 million.

On July 5th, 10xResearch made a post on social media speculating that the "Bitcoin Mining Whale that woke up after 14 years of dormancy yesterday" might be related to "Bitcoin Jesus" Roger Ver. He was released on medical bail from a Spanish prison in June this year. The last time these bitcoins were transferred was in May 2011, which coincided with Roger's entry into the Bitcoin field in February 2011. He undoubtedly holds billions of dollars' worth of Bitcoin. BlockBeats Note: Roger Ver, known as Bitcoin Jesus, is one of the earliest angel investors in Bitcoin. Roger Ver has supported startups including BitPay, Purse, and ShapeShift. He is also the CEO of the portal website Bitcoin.com.

On July 5th, according to Dune data, the meme launchpad Letsbonk.Fun of BONK released 7714 kinds of meme coins yesterday. This number is only second to Pump.fun's 19,367, creating a significant gap compared to Jup Studio's 2372 which is in the third place. Official data indicates that in the past 24 hours, the trading volume on the Letsbonk.Fun platform reached $95.36 million, generating $327,000 in fees. The estimated annual revenue is $38.25 million (based on the past 30 days x 12 months).

On July 5th, based on GMGN market data, the meme coin USELESS achieved a market capitalization of 290 million US dollars, reaching a new all-time high. It witnessed a 24-hour price increase of 20.25% and a 24-hour trading volume of 17.1 million US dollars. According to Onchain Lens monitoring, the largest holder of USELESS, the crypto influencer Unipcs (@theunipcs), has unrealized gains of 7.5 million US dollars from a single coin.

On July 5th, the Swedish listed company Fragbite Group announced that it had reached a financing agreement worth SEK 5 million with a group of investors who are shareholders of the company, including the company's CFO Patrik von Bahr (investing approximately SEK 1 million). It is reported that this funding is intended to be used to purchase Bitcoin to support its recently established Bitcoin Treasury. Fragbite Group plans to hold a special shareholders' meeting after the release of the next interim report for the second quarter of 2025 to make the necessary resolutions regarding this financing agreement. (MarketScreener)