A certain smart money opened a 2x long position on Ethereum in less than 1 hour, with an entry price of $3,837.

On July 27th, based on Coinglass data, the current open interest of the ZORA contract has reached $170 million, with a 24-hour increase of 157.22%. It is highly bearish on the funding rates within various mainstream CEXs. The platform with the largest 24-hour contract trading volume for ZORA is Binance, and the current funding rate is -1.9406%. Additionally, it is reported to be -2% on Bitget, -1.8131% on Gate, and -2% on Bybit.

On July 27th, based on the monitoring of LookOnChain, it was reported that 20 hours ago, a Fartcoin whale converted all of its 1.71 million Fartcoin (valued at $2.28 million) into 790.41 million PUMP.

On July 27th, according to on-chain analyst Ai Auntie (@ai_9684 xtpa) who posted on the X platform, ZORA has witnessed a 931% price increase in the past month and seems to have entered an independent altcoin rally. Nevertheless, there is no on-chain record of single transactions exceeding $500,000 recently, suggesting that funds from a centralized exchange (CEX) may be manipulating the market. The leader in ZORA's spot trading volume is Coinbase with a 24-hour trading volume of $82.6 million. Meanwhile, the leading exchange in contract trading is Binance with a 24-hour trading volume of $13.54 billion, which is 16.4 times that of spot trading. ZORA has a circulating supply ratio of 35% and will start releasing tokens from investors/treasury/team starting from October this year, with GSR Markets serving as the liquidity provider.

On July 27th, based on LookOnChain's monitoring, the trading volume of PENGU on Upbit has exceeded that of DOGE on Upbit. However, PENGU's market capitalization is still less than 1/13 of DOGE's, suggesting that Korean users seem to be accumulating PENGU.

On July 27th, according to HTX market data, Ethereum has achieved a 53.25% increase this month. If it can maintain this level in the remaining days, Ethereum is likely to enter the top 10 of the monthly gainers in its historical record. Moreover, the last time Ethereum achieved a gain higher than 53.25% was in July 2022, when it reached a 56.69% increase.

On July 27th, based on CoinGecko data, in the past 24 hours, Upbit's trading volume reached 2.52 billion US dollars. The XRP/KRW trading pair accounted for 10.93% of the volume and ranked first in the Korean won market. The remaining top five in trading volume are Ethereum, BLAST, Golem, and ENA.