Meme Token NPM Sees Short-Term Crash of Over 80%, Market Cap Plunges to $800k

On January 20, the engineering team at X Platform announced the open-sourcing of its new algorithm, which uses the same Transformer architecture as xAI’s Grok model. Elon Musk commented on the move, saying: “We know this algorithm is clunky and needs major improvements, but at least you can see our efforts to refine it in real time and transparently. No other social media company has done this.” Earlier, on January 11, Musk had announced X would open-source its new algorithm within seven days—including all code that determines which organic search and ad content to serve users—with the process repeating every four weeks, accompanied by detailed developer instructions. Previously, posts related to “cryptocurrency” were blocked by X’s algorithm, sparking discussions in the crypto community.

On January 20, Donald Trump posted on Truth Social: "Just had a great phone call with NATO Secretary General Jens Stoltenberg about the Greenland issue. We agreed all parties will meet in Davos, Switzerland. Greenland is critical to U.S. national and global security — no turning back, everyone’s on the same page there. The U.S. is the world’s most powerful country, miles ahead of everyone else. We’re the only one that can guarantee world peace, and the path to peace is simple: strength!"

January 20th: Per HyperInsight (Telegram: @HyperInsight) monitoring, a "full-position short" whale closed a 52.4 BTC short position for profit at 13:13, realizing a $12,000 gain. The whale currently remains heavily short on ETH, SOL, and HYPE with high leverage, posting a total floating loss of $56,000. The address exhibits a high-risk, high-frequency trading pattern: historical orders show simultaneous long and short trades, with shorts dominating recently.

**NPM Founder’s Tweets Spark Wild Volatility in NPM Meme Token** On January 20th, Isaac Z. Schlueter—founder of npm (the world’s largest package manager)—tweeted: *“I can’t overstate how much I appreciate the crypto community and everything they’ve done for me; it’s truly amazing. I’ve now added the NPM token link to my GitHub profile and sponsor dashboard.”* Per GMGN data, the NPM meme token (part of the BAGS ecosystem) saw its market cap rebound from a low of $800,000 to $2 million following the post. But roughly 90 minutes ago, the token **plunged briefly** after Schlueter shared another update about “returning to life.” Its market cap nosedived from a high of $8.9 million to $800,000—an over 80% drop in just one hour. The NPM token is framed as a tribute to Schlueter, who’s been dubbed the “V God” of the programmer community. BlockBeats reminds users: Meme coins often lack practical use cases and face extreme price swings; invest with caution.

On January 20, Hyperlend—Hyperliquid’s ecosystem lending protocol—announced its upcoming Token Generation Event (TGE) for the HPL token, with staking and locking functions slated to go live shortly after the TGE. Total HPL token supply has not been disclosed. The tokenomics breakdown is as follows: - 30.14% allocated to ecosystem growth and incentive measures - 25% earmarked for Genesis allocation - 22.5% reserved for core contributors - 17.36% allocated to strategic investors - 5% set aside for liquidity