EyeOnChain

SK Hynix just triggered a massive liquidation wave😬 .... $SKHX dropped below $930, triggering more than $80M in liquidations.
Trader 0xc985 was one of the casualties. His 2,026 #SKHX long, worth around $2.08M, was completely liquidated, leaving him with a $259,484.21 loss.
Another leveraged long got wiped out as SKHX pushed lower.
Address: 0xc985ffc27c59537c81e40e7b4fb3267fdaa9f97e

MU whale took another big hit 😬. Whale 0xC8b5 went long on $MU again yesterday, but closed the entire position about 9 hours ago, locking in another painful $1.165M loss.
And this isn't the first time recently. Just 3 days ago, the same whale lost around $1.2M on another MU long. That's roughly $2.36M in losses from MU longs in just a few days.
Add: 0xC8b527864ef2AD6DC49de7e99943a3a76aD48891

Non Stop buying in ETH .... Arthur Hayes is still buying the dip... or whatever this is😂 ... bought another 3,298 $ETH , worth around $6.39M, about 6 hours ago.
Since July 15, he has now accumulated 7,213 ETH for roughly $13.87M, at an average price of around $1,923 per #ETH .
He's currently sitting on an unrealised loss of about $301K .... but that clearly hasn't stopped the buying spree.

Bitmine bought another 7,500 $ETH worth around $14.61M from BitGo about 7 hours ago. The receiving wallet now holds 19,638 ETH, currently worth roughly $36.76M.
Add: 0x95dE268E950E582A239E350A800C050882612c44
#Bitmine clearly isn't slowing down with the ETH accumulation.

Another whale just pulled ETH from Binance. A newly created wallet 0x49D9 withdrew 2,101 $ETH , worth around $3.95M, from Binance about 6 hours ago.
Address: 0x49D92EB1B77C97ab3275c16dA4ee9fcAd6692a1C

Bitwise is selling more HYPE. 🥶.... #Bitwise sold another 117,917 #hype , worth around $7.05M, today.
Another sizeable chunk hitting the market as the $HYPE selling continues.

Pulled a massive amount of $BTC from Binance. Two newly created wallets withdrew a combined 6,765 BTC, worth around $441.34M, from Binance just 2 hours ago.
That's more than $440M in #BTC moving off an exchange in a single transaction cluster. Definitely one to watch.

Wallets:
34ryUknRsda7w9yXqzjLhgRPZLPV43rpsd
bc1q9n7j6a5wwru6tad9xrlncnagresvyjt96pl3en

#Strategy is still sitting on the sidelines. They neither bought nor sold any $BTC last week, marking the third consecutive week without any Bitcoin purchases or sales.
After weeks of aggressive accumulation, the company is taking a little breather for now.

CXMT's biggest short is getting crushed. The #1 CXMT short on Hyperliquid is now sitting on a massive $3.06M unrealised loss.
The whale behind 0xf292 currently holds 2.6M CXMT, worth around $19.85M, with an average entry price of $6.4083.
And the funding costs are starting to hurt too. After the price feed switched to real trading prices, the funding multiplier returned to 0.5. In just 2 hours, the trader has already paid around $45K in funding fees.
If this was simply a hedge, you'd expect the position to have been closed much earlier. So the big question is:
Why is this whale still holding the short while the losses and funding costs keep piling up?
Address: 0xf2925cb0779a741fe33037cbd88fca5382e41244

This whale just keeps stacking ETH and WBTC.
The whale that has been accumulating over $148M worth of ETH and $WBTC since July has added even more to its position.
Over the past 2 hours, it withdrew another 120 WBTC, worth roughly $7.8M, from exchanges.
The whale now holds a massive 59,404.19 ETH + 820 WBTC, with the combined position worth around $156M.
ETH holdings: 59,404.19
WBTC holdings: 820
Total value: ~$156M
Average ETH cost: ~$1,742
Average WBTC cost: ~$64,329
Unrealised profit: ~$8.93M

This whale clearly isn't slowing down.

Address: 0x268448f31594F4636D03cBB4E813b94801E47643

This whale just scooped up another $17.8M worth of $ETH .
Address 0x365…37df5 bought 9,046.17 ETH on-chain over the past 2 hours, paying an average of around $1,968 per ETH — roughly $17.8M in total.
But the interesting part is what happened next: the whale started transferring the ETH in batches to another wallet, 0xdbf…Fe815.
Entry wallet: 0x365274FF809D4384738D55748a20A12441237df5
Receiving wallet: 0xdbfa57c82bA9075Dead4DeCcA02ec828A31Fe815
Another $17M+ ETH accumulation in just a couple of hours.

Mysterious whale just went on a massive ETH shopping spree.

Over the past 2 hours, three newly created wallets, likely controlled by the same whale --- spent a combined 50.04M DAI to buy 25,425 ETH at an average price of around $1,968.

That's more than $50 million deployed into $ETH in just two hours.

Wallets:
0x06cE6C20b5eE13779634F2d167Ec89790300d7F4
0x365274FF809D4384738D55748a20A12441237df5
0xee10d4cBAD520C72793f20eb77ad99B6D5c113ad

BitMart is shutting down, and the numbers are getting interesting.
#bitmart has announced that it is ceasing operations, although withdrawals are still available. But so far, very few users seem to be moving their funds out.
Over the past 24 hours, only 58 wallets withdrew a combined ~$805K. Even more concerning, no withdrawals have been processed in the past 8 hours. With the exchange shutting down, the withdrawal activity is definitely something worth keeping an eye on.

CXMT just wiped out another short😬 ... The sudden $CXMT pump completely liquidated trader 0x517b, who was short 272,505 CXMT, worth around $1.8M.
The liquidation resulted in a loss of $274,722.56. #CXMT shorts are getting squeezed hard as the price keeps pushing higher.
Add : 0x517bb82ad25d90b9d9e0af57682931c44f7ff64c

No matter what ETH does, Arthur Hayes just keeps buying😂...
Arthur Hayes bought another 645 $ETH worth around $1.2M about 9 hours ago.
Since July 15, he has accumulated a total of 3,915 #ETH , spending roughly $7.47M at an average price of around $1,909 per ETH.
He's currently sitting on an unrealised loss of about $113K -- but apparently that hasn't stopped him from buying more.

This CXMT short is starting to look pretty good for the whale.
The unknown trader behind 0xf292 has now built a 2.11M $CXMT short, worth around $13.1M, and is currently sitting on roughly $500K in unrealised profit.
Short: 2.11M #CXMT Position value: ~$13.1M Average entry: $6.43794 Liquidation: $13.43710 Current unrealised PnL: ~+$500K
This whale has been steadily adding to the short, and so far, the bet is going exactly their way.
Address: 0xf2925cb0779a741fe33037cbd88fca5382e41244

The “short-term trading god” is back at it 😂. That $61.85M $BTC long lasted just 18 hours before getting stopped out, leaving him with a $368K loss.
He entered at $64,469 and had a stop-loss at $63,859. BTC hit the stop, so he took the roughly 1% loss and got out. He also cancelled all the remaining limit buy orders.
Address: 0x854b9d63fad3a8bf6dd73debbf2fe193699c775e
Not exactly a win this time, but at least he stuck to the plan and cut the trade quickly.

Another whale just moved $32.87M worth of $HYPE .
Another whale received 557,902 HYPE (approximately $32.87M) from FalconX about 14 hours ago.
Instead of sending the tokens to an exchange, the whale deposited the entire amount into Hyperliquid for staking.
Add: 0xD9B7B09eB1E2cCBfE293e96a2172A80A47a9582e
That's a pretty big HYPE position being put to work rather than sold.

$DEXE has crashed 96.8% in just 11 days... and the on-chain trail raises some interesting questions.
Here's the timeline👇
July 12: #DEXE/USDT hit an all-time high of $49.43.
July 13: The sell-off began.
July 21: DEXE suffered its biggest single-day collapse, plunging 88% from $46.93 to $5.65.
Today: The token is down 96.8%, trading around $1.56.

Looking at the on-chain data, most of the large transfers came from centralized exchange hot wallets, which isn't unusual.

One address stood out: Ceffu.Since July 13, Ceffu has transferred a total of 797,917 DEXE (worth about $6.15M at the time of transfer) to Binance across six transactions. It was the only non-exchange entity that moved more than $1 million worth of DEXE on-chain during the crash.
What's interesting is how Ceffu's MirrorX custody model works. Assets held in custody can have a 1:1 mirrored trading position on an exchange, with the on-chain transfer happening later as settlement. If someone used that mechanism to aggressively sell DEXE before the on-chain settlements appeared, the effective selling pressure could have been much larger.
At DEXE's pre-crash prices, those 797,917 DEXE would have been worth roughly $39.4M more than enough to put significant pressure on the market.
So who was behind the selling? The DEXE team is an obvious possibility, but publicly available wallet information doesn't show evidence that the team custodied its tokens through Ceffu. Most team-held tokens appear to remain in DAO treasuries and vesting contracts.
Another possible connection comes from Falcon Finance, which has supported DEXE as collateral and uses Ceffu as one of its custodians. DWF Labs is also listed as a partner, making the relationship noteworthy, but there is no on-chain proof that DWF Labs was responsible for the selling.
At this stage, the available on-chain data only shows an unusual flow of DEXE through Ceffu. Whether that reflects activity by DWF Labs, Falcon Finance, the project team, a market maker, or another participant remains unconfirmed.

Worldcoin multisig transferred 13.84 million $WLD to two newly created wallets about 11 hours ago. Interestingly, the multisig received 60 million #WLD from an upstream address but has only distributed 36.94 million WLD so far.
Neither of the two receiving wallets has moved or sold the tokens yet. However, a similar transfer pattern three months ago was followed by deposits to exchanges, so these wallets are worth keeping an eye on.
Here are those two receiving wallets:
0x2a33d2ded69F3170356Adc979F45BB42b81CD6F7
0x56CA462182Fb97Ed8adA8F4ad835Cb6bAEEAB972