「Former PEPE Top Long」 Liquidates ETH Long, Loses $223,900

January 21st — Per GMGN monitoring data (link: https://gmgn.ai/bsc/token/i_m4TE56o8_0xff5d99a5c16cf2ffb4e7da1d7c42a791e70e4444), the BSC meme coin "1" began declining from ~$0.0164 at 11:00 AM ET today, falling steadily for three consecutive hours to a low of $0.0064 before staging a slight rebound. Its current price sits at ~$0.0079, with a reported market cap of $7.9 million. Monitoring reveals: Top 100 addresses have an average cost basis of ~$0.0066, holding 61% of the token’s circulating supply; top 10 addresses average ~$0.00787 per token, accounting for 24.5% of holdings. Some whales’ cost bases cluster near current price levels, while most KOL addresses still holding the token are currently in the red.

Binance Alpha is set to become the first platform to list ETHGas (GWEI), with trading on Alpha scheduled to launch at 12:00 UTC on January 21, 2026. Users holding at least 230 Binance Alpha Points will be eligible for a 2,400 GWEI token airdrop on a first-come, first-served basis. If the reward pool isn’t fully distributed, the points threshold will automatically drop by 5 points every 5 minutes. Note: Claiming the airdrop requires 15 Binance Alpha Points. Users must confirm receipt on the Alpha event page within 24 hours—otherwise, the airdrop will be forfeited.

As of January 21st, per HyperInsight monitoring, a whale shorted 937 ETH with 3x leverage one hour ago. The average entry price was $2988.45, with unrealized PNL currently at $11,200. The address utilized a typical institutional-grade market-making strategy: it cut slippage costs via high-frequency small trades to accumulate a position amid market volatility.

On January 21, on-chain data analytics platform Nansen announced the launch of an AI-powered integrated trading feature across its web and mobile platforms, with initial support for Solana and the Base network. This marks the company’s shift from a “pure analytics tool” to an “analytics + trade execution” offering. Built on Nansen’s dataset of over 500 million labeled wallet addresses, the feature lets users place orders directly via AI chat or the web trading terminal. All trades require user confirmation and are non-custodial. Solana transactions are powered by Jupiter liquidity, Base is supported by OKX DEX, cross-chain routing uses LI.FI, and all trades are completed through the embedded self-custodial Nansen Wallet. Nansen noted the trading feature is now available to eligible users but restricted in certain jurisdictions, including Singapore, Iran, and Russia.

Jan 21st — Per GMGN monitoring (link: https://gmgn.ai/bsc/token/i_m4TE56o8_0xf74548802f4c700315f019fde17178b392ee4444), newly listed meme coin "memes" surged shortly after its launch. The token deployed a $1 liquidity pool, qualifying it for the BNB Chain’s "$1 Trading Contest." Its current market cap stands at $23 million, with a price of roughly $0.023; it ranks top three on the contest’s market cap leaderboard and leads the 24-hour trading volume rankings. The 10-day BNB Chain "$1 Trading Contest" is now on day six. Latest rankings show the top three in market cap are meme coins EGL1, CDL, and "memes"—all with caps exceeding $20 million. The top three finishers will receive multiple incentive supports. Participation has no token creation time restrictions; required $1 trading pairs include projects on Four Meme using $1 as the base token, plus other Four Meme projects with active $1 liquidity pools. BlockBeats reminds users: Meme coin trading is highly volatile, relying hea

On January 21st, data from Coinglass shows that if Ethereum (ETH) falls below $2,900, the cumulative long liquidation strength across major centralized exchanges (CEXs) will reach $527 million. Conversely, if ETH breaks above $3,100, the cumulative short liquidation strength for major CEXs will hit $1.239 billion. **BlockBeats Note**: Liquidation charts do not show the exact number of contracts to be liquidated or their precise value. Instead, the bars on these charts reflect the relative importance of each liquidation cluster compared to adjacent clusters—i.e., "strength." This means the chart illustrates how sharply the target price will react when it hits a specific level. A taller "liquidation bar" signals a more intense price response due to a liquidity cascade at that price point.