A whale force-closed a 90.23 BTC short position, losing $12,300

On January 22, data from Bubblemaps shows the developer of RALPH— a meme coin tied to the BAGS ecosystem— dumped roughly $300,000 worth of its tokens, triggering an 80% price collapse. The linked address cluster still holds about 3% of the token’s total supply as of now. RALPH’s current market cap sits at $6.16 million, down more than 89% from its today’s peak of $59 million.

**BitGo, U.S.’s First Crypto IPO of 2026, Set to List on NYSE Tonight** BitGo, the first crypto asset custodian to go public in the U.S. in 2026, will debut on the New York Stock Exchange (NYSE) tonight (Jan. 22) under ticker symbol BTGO. The company priced its IPO at $18 per share—above its initial target range of $15 to $17. At this price, BitGo holds an implied market capitalization of approximately $2.1 billion. Per its prospectus: - First nine months of 2025 revenue: ~$10 billion (surging from $1.9 billion in the year-ago period) - Net income: ~$35.3 million; net income attributable to shareholders: $8.1 million (up from $5.1 million year-over-year) - As of Sept. 30, 2025: ~$104 billion in custody assets, supporting 1,550+ digital assets - 2025 full-year revenue projection: $16.02 billion to $16.09 billion Founded in 2013, BitGo is among the largest U.S. crypto custodians. Its role in securing client digital assets has grown as institutional interest in crypto

On January 22, Onchain Lens reported that a wallet linked to Mirana Venture transferred 13.65 million MNT tokens (valued at $12.2M) to Bybit—after holding the tokens for three years.

As of January 22nd, GMGN monitoring data shows the 10-day “USD1 Trading Competition” on BNB Chain has entered its seventh day. Currently, the top three tokens by market cap are all established meme coins: EGL1, CDL, and Liberty. Notably, EGL1 and Liberty also participated in a USD1 trading competition on BSC last May through July. In contrast, newly emerged meme coins have seen mixed performance. Previously surging tokens like “BIG DON” and “An” have retraced more than 70% from their peaks, with current market caps around $17 million each—ranking fourth and fifth, respectively. Other popular new coins, such as “1,” now have market caps under $5 million, while “memes” has dropped to roughly $8.7 million. Additionally, several USD1 pool meme coins have spiked today, including “Polar Bear 2026” and “One,” with their market caps once jumping by over $10 million. This signals ongoing capital rotation within the relevant sector. Reportedly, the top three winners of this trading comp

On January 22, Musk said: “X’s AI recommendation system will be very impressive by midyear and reach a stunning level by year-end. Additionally, ads on X will be more geared toward showing users content they’re actually interested in—not irrelevant junk ads.”

On January 22nd, on-chain analyst Ai Auntie (@ai_9684xtpa) noted that address 0x94d...33814 — which holds a $358 million long position across ETH, BTC, and SOL — has added to its DASH short position again. This is the only short position among its four current holdings, with an overall unrealized gain of $5.52 million. Holdings breakdown: - ETH Long: 67,425.59 coins | $2.34M unrealized gain - BTC Long: 968.1 coins | $1.022M unrealized gain - SOL Long: 527,399.75 coins | $1.289M unrealized gain - DASH Short: 107,986.36 coins (≈$7.25M value) | $0.87M unrealized gain