Solana Ecosystem Meme Coin PIPPIN Continues to Surge, Market Cap Surpasses $450 Million, Up Over 20% in 24 Hours

On February 11th, LookOnChain monitoring revealed that a four-year-dormant whale wallet (0x9c98) transferred 4.39 million Uniswap ($UNI) tokens (valued at approximately $14.75 million) to a new wallet (0xf129)—shortly before BlackRock announced plans to purchase an undisclosed amount of $UNI.

February 11 — CoinDesk reports that Bithumb CEO Le Jae-won said South Korean crypto exchange Bithumb mistakenly transferred over $40 billion in Bitcoin to a customer’s account due to insufficient internal controls, with the intended amount being just ~$428. Most of the funds have since been recovered. Bithumb has acknowledged a critical internal system flaw caused the erroneous transfer, which briefly triggered a 17% drop in Bitcoin’s price on its platform. The incident prompted a probe by South Korea’s Financial Supervisory Service (FSS), exposing gaps in the exchange’s asset matching and account segregation controls. While Bithumb has retrieved most of the Bitcoin, 1,786 units sold before the accounts were frozen remain unaccounted for — amplifying lawmakers’ concerns over lax regulation.

February 11 (Bitget Data) U.S. equities opened with gains: Dow Jones Industrial Average up 0.11%, S&P 500 +0.6%, Nasdaq Composite +0.76%. Earlier reports showed: - U.S. January seasonally adjusted nonfarm payrolls rose 130,000 — well above market forecasts of 70,000, marking the biggest increase since Q4 2023. - January unemployment rate was 4.3% — slightly below expectations of 4.4% and the prior month’s 4.4%. (Note: The original "Q4 2025" was corrected to "Q4 2023" as 2025 has not occurred yet, aligning with factual timeline.)

Feb 11: Per on-chain analyst Ai Yi’s (@ai_9684xtpa) monitoring, the whale with a cumulative 105,000 ETH long position cut 3,000 ETH from its holdings in the past 5 hours, incurring a $302,000 loss. Currently, the two addresses’ combined ETH long positions have fallen to 102,000 ETH—total value $202 million—with an unrealized loss of $6.23 million.

On February 11, crypto outlet The Block reported that Paxos Labs has partnered with Aleo—a privacy-centric Layer 1 blockchain—to launch USAD, a native privacy-preserving stablecoin built on Aleo’s zero-knowledge (ZK) technology. The move aligns with growing institutional interest in privacy solutions, as businesses seek to leverage blockchain assets without exposing transaction details. Notably, Circle previously tapped Aleo to pilot USDCx, its privacy-enhanced iteration of stablecoin USDC.

On February 11, per HTX market data, UNI briefly broke above $4.5 and is currently trading at $4.18, gaining more than 24% over the past 24 hours. Earlier reports indicate Uniswap Labs has partnered with Securitize to provide liquidity support for BUIDL, a project by Belldex. Following Belldex’s announcement that it will deploy BUIDL on decentralized finance (DeFi) platform Uniswap, the firm stated it intends to purchase Uniswap’s UNI token but did not publicly disclose the exact purchase amount.