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Monitoring the movement of intelligent investments on the blockchain! Forever vigilant, "EyeOnChain".Twitter (X) @EyeOnChain
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LIGHT Just Lit Up the Night ✨ And Burned a Lot of Traders on the Way.
So… what on earth just happened to $LIGHT ? Kind of poetic, honestly. It’s the 31st night, lights everywhere, and suddenly this thing wakes up like it had coffee with chaos. Earlier today it printed an all-time low around $0.3143 -- looked dead, quiet, almost forgotten. And then boom… no warning, no mercy. A 150%+ rip straight up.
Price sprinted all the way to a day high near $1.4184, before cooling off a bit and hovering around $1.13 now. But the real story? It’s the battlefield underneath. Liquidations firing nonstop, longs and shorts both getting clipped. Tiny stop losses didn’t stand a chance… blink and you’re out.
Whales are clearly leaning in from both sides, pushing, pulling, hunting every obvious level. You can feel it — this wasn’t clean price discovery, this was war. Right now things look calmer, yeah, but the ground is still warm. And that liquidation chart we shared? It pretty much says it all.
So… what on earth just happened to $LIGHT ? Kind of poetic, honestly. It’s the 31st night, lights everywhere, and suddenly this thing wakes up like it had coffee with chaos. Earlier today it printed an all-time low around $0.3143 -- looked dead, quiet, almost forgotten. And then boom… no warning, no mercy. A 150%+ rip straight up.
Price sprinted all the way to a day high near $1.4184, before cooling off a bit and hovering around $1.13 now. But the real story? It’s the battlefield underneath. Liquidations firing nonstop, longs and shorts both getting clipped. Tiny stop losses didn’t stand a chance… blink and you’re out.
Whales are clearly leaning in from both sides, pushing, pulling, hunting every obvious level. You can feel it — this wasn’t clean price discovery, this was war. Right now things look calmer, yeah, but the ground is still warm. And that liquidation chart we shared? It pretty much says it all.
$2.8M on One Button 🥶 A Bitcoin Bet That Feels Almost Unreal
Someone out there just leaned back, took a breath… and smashed buy. One single move, 3,000 call options on $100K BTC, expiring Jan 30, 2026. The price of admission? About $2.86 million.
We guess it's a Just straight conviction.
Here’s the twist though. If Bitcoin doesn’t clear roughly $100,954 by expiry, this play bleeds. And if $BTC never even tags $100K, the entire premium? Gone. Poof. Of course, there’s always the chance to exit early if price rips and volatility goes wild… but still, the nerves on this one must be steel-grade.
It’s the kind of trade that makes you pause and stare at the screen for a second. Like… what did he see? What calendar, what chart, what late-night thought convinced him this was the move. New year miracle loading or a very expensive lesson waiting in silence.
Someone out there just leaned back, took a breath… and smashed buy. One single move, 3,000 call options on $100K BTC, expiring Jan 30, 2026. The price of admission? About $2.86 million.
We guess it's a Just straight conviction.
Here’s the twist though. If Bitcoin doesn’t clear roughly $100,954 by expiry, this play bleeds. And if $BTC never even tags $100K, the entire premium? Gone. Poof. Of course, there’s always the chance to exit early if price rips and volatility goes wild… but still, the nerves on this one must be steel-grade.
It’s the kind of trade that makes you pause and stare at the screen for a second. Like… what did he see? What calendar, what chart, what late-night thought convinced him this was the move. New year miracle loading or a very expensive lesson waiting in silence.
Before new year Buying more, Arthur Hayes Reloads Again, $ENA & $ETHFI .
And just like that… seven minutes ago, Arthur Hayes bought up again. Another 4.85 million ENA slid in from Galaxy Digital, roughly $985K, followed by 697,851 ETHFI worth about $485K.
Step back a little and the story gets clearer. Since Dec 20, Hayes has been building this position piece by piece, now sitting on 10.9 million #ENA valued around $2.22M, grabbed at an average near $0.20. Alongside it, 1.32 million #ETHFI , hovering close to $915K at current prices.
Slow, patient, almost boring… which is usually how the smartest trades look in hindsight. Same wallet, same rhythm -- still loading, still calm.
Add: https://intel.arkm.com/explorer/entity/arthur-hayes
And just like that… seven minutes ago, Arthur Hayes bought up again. Another 4.85 million ENA slid in from Galaxy Digital, roughly $985K, followed by 697,851 ETHFI worth about $485K.
Step back a little and the story gets clearer. Since Dec 20, Hayes has been building this position piece by piece, now sitting on 10.9 million #ENA valued around $2.22M, grabbed at an average near $0.20. Alongside it, 1.32 million #ETHFI , hovering close to $915K at current prices.
Slow, patient, almost boring… which is usually how the smartest trades look in hindsight. Same wallet, same rhythm -- still loading, still calm.
Add: https://intel.arkm.com/explorer/entity/arthur-hayes
EyeOnChain
--
Bikovski
Arthur Hayes Is Back Shopping 🥳 and DeFi’s on the Receipt.
A few quiet days passed, then Old Black did what he usually does… moved without asking for permission. Arthur Hayes has been grabbing up DeFi exposure again, dropping about $2.09 million across a handful of familiar names. Nothing flashy, just deliberate.
PENDLE leads the pack, naturally. A solid chunk there, alongside meaningful buys in LDO, ENA, and ETHFI, the kind of mix that feels less like a trade and more like a view.
Since December 20, the basket’s grown to roughly $4.53 million in total value, with PENDLE sitting comfortably on top at around $1.75 million. That part isn’t subtle.
When Hayes starts leaning back into DeFi like this, it usually means he thinks the boring phase is almost over… or maybe that’s when things get interesting.
Wallet: https://intel.arkm.com/explorer/entity/arthur-hayes
A few quiet days passed, then Old Black did what he usually does… moved without asking for permission. Arthur Hayes has been grabbing up DeFi exposure again, dropping about $2.09 million across a handful of familiar names. Nothing flashy, just deliberate.
PENDLE leads the pack, naturally. A solid chunk there, alongside meaningful buys in LDO, ENA, and ETHFI, the kind of mix that feels less like a trade and more like a view.
Since December 20, the basket’s grown to roughly $4.53 million in total value, with PENDLE sitting comfortably on top at around $1.75 million. That part isn’t subtle.
When Hayes starts leaning back into DeFi like this, it usually means he thinks the boring phase is almost over… or maybe that’s when things get interesting.
Wallet: https://intel.arkm.com/explorer/entity/arthur-hayes
TRUMP Wallet Makes Another Quiet Exit -- Big USDC Headed.
The $TRUMP meme team wallet is on the move again… and it’s not subtle if you’re watching closely. Earlier today, another 33 million USDC was pulled straight out of the liquidity pool and sent over.
Zoom out a bit and the picture gets heavier. Over the last month alone, the same wallet has routed 94 million USDC from liquidity into exchange. That’s not a one-off click, that’s a pattern forming… slowly, deliberately.
Whether it’s risk management, positioning, or something else entirely, the message is clear: funds are leaving the pool and heading to the exchange. And moves like this? They usually come with a reason, even if the reason isn’t obvious yet.
Add:
https://intel.arkm.com/explorer/entity/official-trump-meme
The $TRUMP meme team wallet is on the move again… and it’s not subtle if you’re watching closely. Earlier today, another 33 million USDC was pulled straight out of the liquidity pool and sent over.
Zoom out a bit and the picture gets heavier. Over the last month alone, the same wallet has routed 94 million USDC from liquidity into exchange. That’s not a one-off click, that’s a pattern forming… slowly, deliberately.
Whether it’s risk management, positioning, or something else entirely, the message is clear: funds are leaving the pool and heading to the exchange. And moves like this? They usually come with a reason, even if the reason isn’t obvious yet.
Add:
https://intel.arkm.com/explorer/entity/official-trump-meme
$2 Billion Just Hit the Printer 🤑Liquidity Is Waking Up.
Over the last 16 hours, Tether rolled out 1 billion USDT and Circle followed with another 1 billion USDC. And yeah… that usually means liquidity is gearing up for something.
When stables get minted at this scale, it’s rarely random. It’s fuel. It’s preparation. The kind of move that shows up before momentum, not after. A pause, a breath… then the market starts to stretch its legs.
For those tracking it on-chain, the Tron transaction hash is
d74cb39a7c3e16fc74b8107ed906defd2e82afbb93773da976c861f692998bfa
And the Circle minting wallet involved is
7VHUFJHWu2CuExkJcJrzhQPJ2oygupTWkL2A2For4BmE
Nothing promised, nothing guaranteed -- but when stablecoin supply expands like this, history says liquidity doesn’t sit still for long.
#Tether #Circle
Over the last 16 hours, Tether rolled out 1 billion USDT and Circle followed with another 1 billion USDC. And yeah… that usually means liquidity is gearing up for something.
When stables get minted at this scale, it’s rarely random. It’s fuel. It’s preparation. The kind of move that shows up before momentum, not after. A pause, a breath… then the market starts to stretch its legs.
For those tracking it on-chain, the Tron transaction hash is
d74cb39a7c3e16fc74b8107ed906defd2e82afbb93773da976c861f692998bfa
And the Circle minting wallet involved is
7VHUFJHWu2CuExkJcJrzhQPJ2oygupTWkL2A2For4BmE
Nothing promised, nothing guaranteed -- but when stablecoin supply expands like this, history says liquidity doesn’t sit still for long.
#Tether #Circle
Big Money Circling $LIT 😎 And It Doesn’t Look Finished Yet.
Something interesting is unfolding around LIT, and the wallets behind it aren’t exactly subtle. We’ve been tracking three whales who quietly moved $9.98 million in USDC into Lighter, clearly with one thing in mind ---- loading up on LIT.
So far, about $8.67M USDC has already been deployed, grabbing up roughly 3.44 million #LIT .
What’s more telling, though, is what’s left behind. There’s still $1.35M in USDC sitting idle. Waiting. Pausing. You know how that usually goes.
One wallet is sitting on around 882,141 #Lıt while keeping 583,582 USDC on standby, not exactly the posture of someone done buying.
Another address is already deep in the trade, holding 1,702,106 LIT with just 47,536 USDC left, almost fully committed.
And then there’s the third wallet, quietly holding 979,054 LIT plus 392,418 USDC, which… yeah, feels like ammo for another round.
For transparency, here are the wallets we’re watching closely:
0xd42963DfE1574DACcE30E4340662d56aF4bd475e
0xFb94D3404c1d3D9D6F08f79e58041d5EA95AccfA
0xEcA11C909d39f27262F41587F11f4047b20A0Fb8
Nothing confirmed, of course---- just flow, behavior, and timing. But when size moves in like this and leaves chips on the table… it usually means the play isn’t over yet.
Something interesting is unfolding around LIT, and the wallets behind it aren’t exactly subtle. We’ve been tracking three whales who quietly moved $9.98 million in USDC into Lighter, clearly with one thing in mind ---- loading up on LIT.
So far, about $8.67M USDC has already been deployed, grabbing up roughly 3.44 million #LIT .
What’s more telling, though, is what’s left behind. There’s still $1.35M in USDC sitting idle. Waiting. Pausing. You know how that usually goes.
One wallet is sitting on around 882,141 #Lıt while keeping 583,582 USDC on standby, not exactly the posture of someone done buying.
Another address is already deep in the trade, holding 1,702,106 LIT with just 47,536 USDC left, almost fully committed.
And then there’s the third wallet, quietly holding 979,054 LIT plus 392,418 USDC, which… yeah, feels like ammo for another round.
For transparency, here are the wallets we’re watching closely:
0xd42963DfE1574DACcE30E4340662d56aF4bd475e
0xFb94D3404c1d3D9D6F08f79e58041d5EA95AccfA
0xEcA11C909d39f27262F41587F11f4047b20A0Fb8
Nothing confirmed, of course---- just flow, behavior, and timing. But when size moves in like this and leaves chips on the table… it usually means the play isn’t over yet.
Something’s pop up on Solana -- And the Big Wallets Know It.
There’s a quiet pattern forming on Solana, and it doesn’t look random. Over the last couple of days, whales -- maybe desks, maybe funds, have been steadily pulling DeFi tokens off exchanges, the kind of slow, deliberate moves that usually happen before the noise starts.
Roughly $15.9 million worth of Solana DeFi assets vanished from exchange balances.
The biggest chunk went into $PUMP , a massive 7.39 billion tokens, valued around $13.77M. Alongside that came healthy scoops of CLOUD, $KMNO , $JTO , and DRIFT -- nothing flashy, but clearly intentional. This isn’t spray-and-pray buying. It’s targeted.
What makes it more interesting is that it wasn’t just one wallet playing games. Three separate addresses were involved, moving in the same direction, at roughly the same time. That kind of coordination… yeah, it usually means conviction.
Wallets to watch closely:
586yjYWYgg4i7sFahdtxAb2TwHiMKQkhEsEoEXEujb18
FFDAamfSQpoKsUKMjzt6rvzLAUQKfnSPFnBZQyZk8HWM
26nbFGWaybNdMoPKgG5eNznkrAjFR4dgXSCsbF2Xkt5j
#solana DeFi might look calm on the surface, but underneath — something’s loading.
There’s a quiet pattern forming on Solana, and it doesn’t look random. Over the last couple of days, whales -- maybe desks, maybe funds, have been steadily pulling DeFi tokens off exchanges, the kind of slow, deliberate moves that usually happen before the noise starts.
Roughly $15.9 million worth of Solana DeFi assets vanished from exchange balances.
The biggest chunk went into $PUMP , a massive 7.39 billion tokens, valued around $13.77M. Alongside that came healthy scoops of CLOUD, $KMNO , $JTO , and DRIFT -- nothing flashy, but clearly intentional. This isn’t spray-and-pray buying. It’s targeted.
What makes it more interesting is that it wasn’t just one wallet playing games. Three separate addresses were involved, moving in the same direction, at roughly the same time. That kind of coordination… yeah, it usually means conviction.
Wallets to watch closely:
586yjYWYgg4i7sFahdtxAb2TwHiMKQkhEsEoEXEujb18
FFDAamfSQpoKsUKMjzt6rvzLAUQKfnSPFnBZQyZk8HWM
26nbFGWaybNdMoPKgG5eNznkrAjFR4dgXSCsbF2Xkt5j
#solana DeFi might look calm on the surface, but underneath — something’s loading.
Whale Blinks First? A Quiet $ETH Trim After a Week of Accumulation.
Just a week ago, this whale was stacking ETH with conviction, 8,550 coins scooped up around $2,991. Fast-forward to now, and the tone has shifted… slightly. Not panic, not a full exit, more like a cautious exhale.
About 14 hours back, 3,000 #ETH quietly made its way into Binance. If that batch gets sold here, it’s a small bruise, roughly a $43K loss. Nothing dramatic. The rest of last week’s buy is still sitting there -- 5,550 ETH, currently down around $46K, just floating, waiting. And zooming out even more, this wallet is far from empty: 22,981 ETH still parked on-chain, worth about $68.36M at today’s prices.
So yeah, maybe a trim. Maybe risk management. Or maybe just making room for the next move. Whales rarely explain themselves, they just leave breadcrumbs.
Add: 0x237B5AD89D6513630B71BbF783C1EdCc84FB6aAb
Just a week ago, this whale was stacking ETH with conviction, 8,550 coins scooped up around $2,991. Fast-forward to now, and the tone has shifted… slightly. Not panic, not a full exit, more like a cautious exhale.
About 14 hours back, 3,000 #ETH quietly made its way into Binance. If that batch gets sold here, it’s a small bruise, roughly a $43K loss. Nothing dramatic. The rest of last week’s buy is still sitting there -- 5,550 ETH, currently down around $46K, just floating, waiting. And zooming out even more, this wallet is far from empty: 22,981 ETH still parked on-chain, worth about $68.36M at today’s prices.
So yeah, maybe a trim. Maybe risk management. Or maybe just making room for the next move. Whales rarely explain themselves, they just leave breadcrumbs.
Add: 0x237B5AD89D6513630B71BbF783C1EdCc84FB6aAb
Bought Low, Ignored the Top, Now the Old trader Makes His Move.
The wallet in question grabbed $ENA around $0.279, sat through the entire ride up to $0.8, and didn’t flinch. Typical old trader behavior, honestly.
Seven months back, about 6.1 million #ENA left Binance and went straight into Ethena for staking. While everyone else was watching green candles and dreaming exits, this address stayed completely still.
And now, suddenly, after all that silence, the full stack has been sent back to Binance just 10 hours ago.
If everything gets sold here, it’s not even a win on paper -- around a $455K loss, staking rewards aside. Buying low, refusing to sell high, and possibly choosing pain on purpose. Weird?
Anyways here is add: 0x229AfD6964a5EF12cbf5611a0F9a9c8B5297A86E
The wallet in question grabbed $ENA around $0.279, sat through the entire ride up to $0.8, and didn’t flinch. Typical old trader behavior, honestly.
Seven months back, about 6.1 million #ENA left Binance and went straight into Ethena for staking. While everyone else was watching green candles and dreaming exits, this address stayed completely still.
And now, suddenly, after all that silence, the full stack has been sent back to Binance just 10 hours ago.
If everything gets sold here, it’s not even a win on paper -- around a $455K loss, staking rewards aside. Buying low, refusing to sell high, and possibly choosing pain on purpose. Weird?
Anyways here is add: 0x229AfD6964a5EF12cbf5611a0F9a9c8B5297A86E
Arthur Hayes Is Back Shopping 🥳 and DeFi’s on the Receipt.
A few quiet days passed, then Old Black did what he usually does… moved without asking for permission. Arthur Hayes has been grabbing up DeFi exposure again, dropping about $2.09 million across a handful of familiar names. Nothing flashy, just deliberate.
PENDLE leads the pack, naturally. A solid chunk there, alongside meaningful buys in LDO, ENA, and ETHFI, the kind of mix that feels less like a trade and more like a view.
Since December 20, the basket’s grown to roughly $4.53 million in total value, with PENDLE sitting comfortably on top at around $1.75 million. That part isn’t subtle.
When Hayes starts leaning back into DeFi like this, it usually means he thinks the boring phase is almost over… or maybe that’s when things get interesting.
Wallet: https://intel.arkm.com/explorer/entity/arthur-hayes
A few quiet days passed, then Old Black did what he usually does… moved without asking for permission. Arthur Hayes has been grabbing up DeFi exposure again, dropping about $2.09 million across a handful of familiar names. Nothing flashy, just deliberate.
PENDLE leads the pack, naturally. A solid chunk there, alongside meaningful buys in LDO, ENA, and ETHFI, the kind of mix that feels less like a trade and more like a view.
Since December 20, the basket’s grown to roughly $4.53 million in total value, with PENDLE sitting comfortably on top at around $1.75 million. That part isn’t subtle.
When Hayes starts leaning back into DeFi like this, it usually means he thinks the boring phase is almost over… or maybe that’s when things get interesting.
Wallet: https://intel.arkm.com/explorer/entity/arthur-hayes
2025: The Year DeFi Lending Grew Up (Quietly, Reluctantly, and for Real)
Somewhere along the way in 2025, DeFi lending stopped acting like a casino and started behaving… well, like finance. Not the flashy kind. The kind that works. TVL crawled its way back into the $90 -- 120B range, and instead of celebrating with fireworks, the market kind of nodded and said, “Yeah, that makes sense.” That was the mood shift. Less hype, more gravity. A clear drift toward safety, scale, and credibility, what everyone now casually calls the flight to quality, even if nobody admits they’re playing it safe.
Lending quietly took center stage again, now eating up nearly half of all DeFi value. Turns out, borrowing and lending was the point all along. And once the dust settled, power concentrated fast. Maker, now Sky, leaned fully into its endgame vision and doubled down on its role as DeFi’s not-so-secret central bank. Compound went the opposite direction, stripping things back, freezing governance, becoming boring on purpose… and institutions loved that. Aave stayed Aave -- shipping, expanding, stitching liquidity across chains, still the place capital goes when it needs to move.
Outside the giants, challengers didn’t try to beat them head-on. Morpho carved out a lane by letting others build on top of its risk engine, which clicked instantly with funds that actually care about risk math. Venus kept owning BNB Chain like nothing changed. Different chains, different games.
Then July happened. The GENIUS Act dropped, and suddenly stablecoins had rules. Real ones. Fully backed, federally watched, no funny business. A bunch of sketchy pairs vanished overnight, front-ends cleaned house, and USDC walked out wearing a suit. The line between “serious” and “experimental” hardened fast. You could feel it blue-chip protocols on one side, degen playgrounds drifting offshore on the other.
October put everything to the test. Trade tensions flared, leverage snapped, and nearly $20B got wiped in a day. It felt violent… but nothing broke. No domino collapses, no emergency governance calls, no protocol going dark. Liquidations worked. Systems held. Gas fees exploded, sure -- Ethereum L1 basically told small players to get lost, but that just pushed more action onto Layer 2s. Painful, but clean.
Yields stopped pretending too. Gone were the days of “20% APY because vibes.” Rates started tracking the real world again, global rates plus a little extra for smart contract risk. Stablecoins paid enough to matter. ETH and BTC yields were boring but real. Liquid staking tokens quietly became the default collateral, while raw ETH mostly stepped aside.
Real-world assets didn’t knock anymore. They moved in. Treasuries, tokenized debt, boring stuff -- suddenly everywhere. DAOs borrowing against government paper would’ve sounded absurd a few years ago. In 2025, it just… worked. Over $30B worth of it.
Meanwhile, Ethereum mainnet turned into a high-end settlement layer. Whales and institutions stayed. Everyone else moved to Arbitrum, Optimism, Base. The downside? Liquidity got messy. Capital stuck on one chain couldn’t easily help another. Bridges helped, but everyone knew they were the weak spot.
Institutions circled but didn’t fully jump. The tech was ready. The legal comfort wasn’t. ETFs still felt safer than code-is-law finality. That hesitation lingered all year.
Security threats didn’t disappear -- they evolved. Less broken code, more clever games. Flash loans everywhere. Old contracts biting back. Front-ends becoming attack surfaces. The battlefield changed, but the war didn’t end.
And now we’re here, looking at 2026. Credit scoring on-chain is starting to feel inevitable. Layer 3s are coming, whether we like it or not. Asia is becoming the playground for permissionless experimentation while the West tidies up compliance.
The weird part?
DeFi lending is kind of… boring now. Predictable. Regulated. Efficient. And that’s exactly why it survived. The chaos years are over. What’s left is infrastructure. Slow, solid, unsexy -- and finally strong enough to last.
Disclaimer: This analysis comes from what we’ve been seeing in the market throughout 2025, just patterns, data, and how things have been unfolding over time. DeFi lending, while exciting, isn’t risk-free at all, there are smart contract risks, sudden volatility, and yeah, regulatory uncertainty is still very much a thing. So take this as information, not advice. This piece is written by us, the team at EyeOnChain.
#defi #2026marketupdate #CryptoBasics
Lending quietly took center stage again, now eating up nearly half of all DeFi value. Turns out, borrowing and lending was the point all along. And once the dust settled, power concentrated fast. Maker, now Sky, leaned fully into its endgame vision and doubled down on its role as DeFi’s not-so-secret central bank. Compound went the opposite direction, stripping things back, freezing governance, becoming boring on purpose… and institutions loved that. Aave stayed Aave -- shipping, expanding, stitching liquidity across chains, still the place capital goes when it needs to move.
Outside the giants, challengers didn’t try to beat them head-on. Morpho carved out a lane by letting others build on top of its risk engine, which clicked instantly with funds that actually care about risk math. Venus kept owning BNB Chain like nothing changed. Different chains, different games.
Then July happened. The GENIUS Act dropped, and suddenly stablecoins had rules. Real ones. Fully backed, federally watched, no funny business. A bunch of sketchy pairs vanished overnight, front-ends cleaned house, and USDC walked out wearing a suit. The line between “serious” and “experimental” hardened fast. You could feel it blue-chip protocols on one side, degen playgrounds drifting offshore on the other.
October put everything to the test. Trade tensions flared, leverage snapped, and nearly $20B got wiped in a day. It felt violent… but nothing broke. No domino collapses, no emergency governance calls, no protocol going dark. Liquidations worked. Systems held. Gas fees exploded, sure -- Ethereum L1 basically told small players to get lost, but that just pushed more action onto Layer 2s. Painful, but clean.
Yields stopped pretending too. Gone were the days of “20% APY because vibes.” Rates started tracking the real world again, global rates plus a little extra for smart contract risk. Stablecoins paid enough to matter. ETH and BTC yields were boring but real. Liquid staking tokens quietly became the default collateral, while raw ETH mostly stepped aside.
Real-world assets didn’t knock anymore. They moved in. Treasuries, tokenized debt, boring stuff -- suddenly everywhere. DAOs borrowing against government paper would’ve sounded absurd a few years ago. In 2025, it just… worked. Over $30B worth of it.
Meanwhile, Ethereum mainnet turned into a high-end settlement layer. Whales and institutions stayed. Everyone else moved to Arbitrum, Optimism, Base. The downside? Liquidity got messy. Capital stuck on one chain couldn’t easily help another. Bridges helped, but everyone knew they were the weak spot.
Institutions circled but didn’t fully jump. The tech was ready. The legal comfort wasn’t. ETFs still felt safer than code-is-law finality. That hesitation lingered all year.
Security threats didn’t disappear -- they evolved. Less broken code, more clever games. Flash loans everywhere. Old contracts biting back. Front-ends becoming attack surfaces. The battlefield changed, but the war didn’t end.
And now we’re here, looking at 2026. Credit scoring on-chain is starting to feel inevitable. Layer 3s are coming, whether we like it or not. Asia is becoming the playground for permissionless experimentation while the West tidies up compliance.
The weird part?
DeFi lending is kind of… boring now. Predictable. Regulated. Efficient. And that’s exactly why it survived. The chaos years are over. What’s left is infrastructure. Slow, solid, unsexy -- and finally strong enough to last.
Disclaimer: This analysis comes from what we’ve been seeing in the market throughout 2025, just patterns, data, and how things have been unfolding over time. DeFi lending, while exciting, isn’t risk-free at all, there are smart contract risks, sudden volatility, and yeah, regulatory uncertainty is still very much a thing. So take this as information, not advice. This piece is written by us, the team at EyeOnChain.
#defi #2026marketupdate #CryptoBasics
Even the Ghost Wallets Are Waking Up for $ETH
Okay… this one’s a bit wild. A wallet tied to the old Indexed Finance / Kyber Network exploit just blinked back to life after sitting completely still for almost a year.
The address started unloading a mixed bag it’s been holding onto: a chunk of UNI, some LINK, a pile of CRV, even a few lonely YFI tokens. All of it, sold off. Why? To roll the whole thing into ETH. That’s the move.
So finally this wallet grabbed up 1,220 ETH by selling all those tokens/coins, now worth about $3.64 million at current prices.
Funny how narratives change… whales are buying, funds are rotating, and now even long-dormant exploiter wallets seem to be picking a side. And yeah -- that side looks a lot like #ETH .
Wallet: 0x3EBFC212ab2CBb16cbFD52e220381a85fD75D665
Okay… this one’s a bit wild. A wallet tied to the old Indexed Finance / Kyber Network exploit just blinked back to life after sitting completely still for almost a year.
The address started unloading a mixed bag it’s been holding onto: a chunk of UNI, some LINK, a pile of CRV, even a few lonely YFI tokens. All of it, sold off. Why? To roll the whole thing into ETH. That’s the move.
So finally this wallet grabbed up 1,220 ETH by selling all those tokens/coins, now worth about $3.64 million at current prices.
Funny how narratives change… whales are buying, funds are rotating, and now even long-dormant exploiter wallets seem to be picking a side. And yeah -- that side looks a lot like #ETH .
Wallet: 0x3EBFC212ab2CBb16cbFD52e220381a85fD75D665
Quiet Hands, Loud Bags -- Someone’s Hoarding $PUMP .
Two fresh wallets loading up. Over the last day or so, a pair of addresses, 26nbFG and E9eKo8 -- have grabbed up a combined 2.15 billion #pump , worth roughly $3.87 million. And yeah, that’s not pocket change.
One of them, 26nbFGWaybNdMoPKgG5eNznkrAjFR4dgXSCsbF2Xkt5j, made the biggest move first, pulling 1.46B #PUMP off-chain about 23 hours ago, around $2.74M at the time.
Then the second wallet, E9eKo8HS9XPvmaY11PwAzLtVMUCnjnBBduo9cwczdY8b, followed up a few hours later with another 689M PUMP, roughly $1.25M worth. Slow, steady, very intentional.
Keep in mind, that usually means someone’s thinking a few steps ahead.
Two fresh wallets loading up. Over the last day or so, a pair of addresses, 26nbFG and E9eKo8 -- have grabbed up a combined 2.15 billion #pump , worth roughly $3.87 million. And yeah, that’s not pocket change.
One of them, 26nbFGWaybNdMoPKgG5eNznkrAjFR4dgXSCsbF2Xkt5j, made the biggest move first, pulling 1.46B #PUMP off-chain about 23 hours ago, around $2.74M at the time.
Then the second wallet, E9eKo8HS9XPvmaY11PwAzLtVMUCnjnBBduo9cwczdY8b, followed up a few hours later with another 689M PUMP, roughly $1.25M worth. Slow, steady, very intentional.
Keep in mind, that usually means someone’s thinking a few steps ahead.
Metaplanet bought again-- Even While the Red Keeps Flashing
No hesitation here. Metaplanet just went back to the well and scooped up another chunk of Bitcoin, 4,279 $BTC , roughly $448 million, paid at prices north of $104K.
With this buy, their stash swells to 35,102 BTC, now worth about $3.08 billion on paper. The average entry sits around $102K, which, yeah, puts them underwater for now. And not just a little, the unrealized loss is hovering above half a billion dollars. Ouch. Or maybe… calculated pain?
Still, the vibe isn’t panic. It feels stubborn, almost quiet confidence. Buy, hold, ignore the noise, repeat. Whether this turns into legendary conviction or a very expensive lesson… well, that part’s still loading.
#metaplanet
No hesitation here. Metaplanet just went back to the well and scooped up another chunk of Bitcoin, 4,279 $BTC , roughly $448 million, paid at prices north of $104K.
With this buy, their stash swells to 35,102 BTC, now worth about $3.08 billion on paper. The average entry sits around $102K, which, yeah, puts them underwater for now. And not just a little, the unrealized loss is hovering above half a billion dollars. Ouch. Or maybe… calculated pain?
Still, the vibe isn’t panic. It feels stubborn, almost quiet confidence. Buy, hold, ignore the noise, repeat. Whether this turns into legendary conviction or a very expensive lesson… well, that part’s still loading.
#metaplanet
Blades Out on $LIT , Someone Just Drew First Blood
The tug-of-war on LIT just got real. One wallet, 0x540…3F802, stepped into the arena and said, nah, I’m fading this, and suddenly it’s the biggest short sitting on Hyperliquid 🤺
Over the last couple of hours, this address quietly fed in about $4.35M in USDC as margin, then built a short that’s hard to ignore. We’re talking 1.11 million #Lıt , no crazy leverage, just straight 1x conviction. The average entry landed around $2.748, with liquidation way up near $4.83, so there’s room to breathe… for now.
Price hasn’t exactly cooperated yet though. Currently a slight floating loss going on, roughly $9K in the red.
This trade feels deliberate, patient, almost calm. Longs on one side, this monster short on the other. The stage is set -- now we wait to see who flinches first.
Address to watch: 0x5405450caE1B86581f017d1c35AD954D8703F802
The tug-of-war on LIT just got real. One wallet, 0x540…3F802, stepped into the arena and said, nah, I’m fading this, and suddenly it’s the biggest short sitting on Hyperliquid 🤺
Over the last couple of hours, this address quietly fed in about $4.35M in USDC as margin, then built a short that’s hard to ignore. We’re talking 1.11 million #Lıt , no crazy leverage, just straight 1x conviction. The average entry landed around $2.748, with liquidation way up near $4.83, so there’s room to breathe… for now.
Price hasn’t exactly cooperated yet though. Currently a slight floating loss going on, roughly $9K in the red.
This trade feels deliberate, patient, almost calm. Longs on one side, this monster short on the other. The stage is set -- now we wait to see who flinches first.
Address to watch: 0x5405450caE1B86581f017d1c35AD954D8703F802
LIT Is Live… but the Casino Lights are still on and today price is down more than 30 percent.
So yeah, $LIT has officially stepped onto the stage, but if you think the game’s over, nah, not even close. Over in the prediction markets, the chips are still clinking, people still leaning in, still making that one more round face.
Right now, #LIT ’s floating around a $2.41B FDV, which already puts it in serious territory. Funny thing is, when this whole pre-market contract first popped up a week ago, confidence was almost… loud. Back then, over 85% were convinced FDV would clear $2B within a day.
Fast forward, that crowd’s thinned a bit, now it’s closer to 76%. You can almost feel the hesitation.
The bigger dreams? Those cooled off harder. Bets on $4B, $6B, even $8B+ took a pretty sharp hit. And yet… there’s still that stubborn 7% hanging on, whispering “just once, let it fly,” down from 23% earlier. Degens gonna degen.
What’s wild is that even with this being a kinda obvious setup, the game theory doesn’t disappear. If the team plays games with market makers, or a few whales decide to throw their weight around, the whole outcome could still flip. It’s fragile like that… and kind of hilarious 😂
And then there’s the top bettor. Username “Nijntje.” Absolute specialist. Every single one of their 16 active positions is about new token valuations or airdrops. No side quests, no distractions. Their biggest bet? 414,000 Lighter shares, roughly $327K, a proper conviction play. At this point, they’re less a trader and more a walking crystal ball for fresh launches.
#LIT/USDT may be live… but the real drama? Still rolling.
So yeah, $LIT has officially stepped onto the stage, but if you think the game’s over, nah, not even close. Over in the prediction markets, the chips are still clinking, people still leaning in, still making that one more round face.
Right now, #LIT ’s floating around a $2.41B FDV, which already puts it in serious territory. Funny thing is, when this whole pre-market contract first popped up a week ago, confidence was almost… loud. Back then, over 85% were convinced FDV would clear $2B within a day.
Fast forward, that crowd’s thinned a bit, now it’s closer to 76%. You can almost feel the hesitation.
The bigger dreams? Those cooled off harder. Bets on $4B, $6B, even $8B+ took a pretty sharp hit. And yet… there’s still that stubborn 7% hanging on, whispering “just once, let it fly,” down from 23% earlier. Degens gonna degen.
What’s wild is that even with this being a kinda obvious setup, the game theory doesn’t disappear. If the team plays games with market makers, or a few whales decide to throw their weight around, the whole outcome could still flip. It’s fragile like that… and kind of hilarious 😂
And then there’s the top bettor. Username “Nijntje.” Absolute specialist. Every single one of their 16 active positions is about new token valuations or airdrops. No side quests, no distractions. Their biggest bet? 414,000 Lighter shares, roughly $327K, a proper conviction play. At this point, they’re less a trader and more a walking crystal ball for fresh launches.
#LIT/USDT may be live… but the real drama? Still rolling.
A Month of Silence… Then One Big Move in ETH. 😘
This one’s been sitting in the shadows for weeks. Back on December 1, the wallet bought up 77,385.34 $ETH , paying roughly $2,835 a piece. Then, nothing. A full month of radio silence.
Until now.
About two hours ago, the entire position suddenly slid onto Binance. All of it. That’s 77K+ ETH, worth around $227 million at today’s prices, moved in one clean motion.
Is it profit-taking? Position reshuffling? Or just getting ready for the next chapter? Hard to say. But after a month of stillness, this move definitely wasn’t an accident.
Add: 0x36ED68c47a007b6D896515070375b3f5AC9BC889
This one’s been sitting in the shadows for weeks. Back on December 1, the wallet bought up 77,385.34 $ETH , paying roughly $2,835 a piece. Then, nothing. A full month of radio silence.
Until now.
About two hours ago, the entire position suddenly slid onto Binance. All of it. That’s 77K+ ETH, worth around $227 million at today’s prices, moved in one clean motion.
Is it profit-taking? Position reshuffling? Or just getting ready for the next chapter? Hard to say. But after a month of stillness, this move definitely wasn’t an accident.
Add: 0x36ED68c47a007b6D896515070375b3f5AC9BC889
This Didn’t Last Long… White Flag on the $ETH Short, Well, that is very fast 😅 ETH short -- approx $106 million in size, it past the 3-hour mark before getting liquidate. Just a exit at a loss, around $479K.
But here’s the twist. While #ETH misbehaved, the trader’s other bets slowly did their job. The $BTC long printed about $369K, and $SOL chipped in another $61K, and suddenly the damage didn’t look so scary anymore. Net result? Down roughly $49K overall.
Not great, not disastrous either… kind of a shrug.
Zoom out a bit and it’s even funnier. This account is still sitting on nearly $5 million in total profits so far. One rough trade, sure-- but hardly a knockout.
Add: 0x94d3735543ecb3d339064151118644501c933814
But here’s the twist. While #ETH misbehaved, the trader’s other bets slowly did their job. The $BTC long printed about $369K, and $SOL chipped in another $61K, and suddenly the damage didn’t look so scary anymore. Net result? Down roughly $49K overall.
Not great, not disastrous either… kind of a shrug.
Zoom out a bit and it’s even funnier. This account is still sitting on nearly $5 million in total profits so far. One rough trade, sure-- but hardly a knockout.
Add: 0x94d3735543ecb3d339064151118644501c933814
When this Whale Moves… and the Market Reacts.
Another massive splash just hit the chain. Less than an hour ago, this heavyweight quietly sent 35,509 $ETH into Binance, roughly $104 million sliding onto an exchange in one smooth move.
What makes it more interesting is the memory. Six days back, the same wallet pushed an even bigger chunk, 100,000 #ETH -- onto Binance. And yet, if you squint at the charts, you’d swear nothing happened. Price stayed calm, candles barely flinched. Kind of wild, honestly.
Big size, calm reaction. Either the market has nerves of steel right now… or this whale knows exactly how to move without making waves.
Address: 0x396e52f7Ee3f3b3094BA9DE35932f0B10eBEe54E
Another massive splash just hit the chain. Less than an hour ago, this heavyweight quietly sent 35,509 $ETH into Binance, roughly $104 million sliding onto an exchange in one smooth move.
What makes it more interesting is the memory. Six days back, the same wallet pushed an even bigger chunk, 100,000 #ETH -- onto Binance. And yet, if you squint at the charts, you’d swear nothing happened. Price stayed calm, candles barely flinched. Kind of wild, honestly.
Big size, calm reaction. Either the market has nerves of steel right now… or this whale knows exactly how to move without making waves.
Address: 0x396e52f7Ee3f3b3094BA9DE35932f0B10eBEe54E
EyeOnChain
--
Bikovski
BTC Clears $90K , And This giant whale is still holding his Breath.
Bitcoin just pushed past $90,000, and suddenly an old, heavy position is back in the spotlight. This is the same massive whale who flipped bearish right after the 10/11 flash crash, and for a while the pain was… brutal. Now though, the damage has eased a bit. The total floating loss has narrowed to roughly $21.6 million. Still ugly, but not catastrophic anymore.
What’s wild is how long this trader has been willing to sit through it.
The biggest weight comes from $ETH . He’s been riding a 5x long on more than 203,000 ETH, a position north of $620 million, opened around $3,147. That trade alone is still down over $19M, and funding hasn’t been kind either -- nearly $2.8M bled out just in fees.
Then there’s BTC itself. A 1,000 BTC long, also at 5x, opened near $91,500. That one’s closer to the surface now, but still underwater by about $1.4M, plus another $300K quietly lost to funding.
And tucked alongside those is a $SOL long, leveraged 10x, holding over 511,000 SOL. Smaller compared to the others, but still bleeding, roughly $700K down.
What stands out isn’t just the size… it’s the patience. This is easily the longest stretch this whale has held a position like this, sitting through volatility, fees, doubt -- all of it. Just waiting.
How much longer he stays in? No one really knows. But as $BTC keeps climbing, the pressure is shifting and the next decision might matter more than all the ones before.
For anyone watching this saga unfold on-chain, the wallet is here:
0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae
Sometimes survival is the trade. What you all think.
Bitcoin just pushed past $90,000, and suddenly an old, heavy position is back in the spotlight. This is the same massive whale who flipped bearish right after the 10/11 flash crash, and for a while the pain was… brutal. Now though, the damage has eased a bit. The total floating loss has narrowed to roughly $21.6 million. Still ugly, but not catastrophic anymore.
What’s wild is how long this trader has been willing to sit through it.
The biggest weight comes from $ETH . He’s been riding a 5x long on more than 203,000 ETH, a position north of $620 million, opened around $3,147. That trade alone is still down over $19M, and funding hasn’t been kind either -- nearly $2.8M bled out just in fees.
Then there’s BTC itself. A 1,000 BTC long, also at 5x, opened near $91,500. That one’s closer to the surface now, but still underwater by about $1.4M, plus another $300K quietly lost to funding.
And tucked alongside those is a $SOL long, leveraged 10x, holding over 511,000 SOL. Smaller compared to the others, but still bleeding, roughly $700K down.
What stands out isn’t just the size… it’s the patience. This is easily the longest stretch this whale has held a position like this, sitting through volatility, fees, doubt -- all of it. Just waiting.
How much longer he stays in? No one really knows. But as $BTC keeps climbing, the pressure is shifting and the next decision might matter more than all the ones before.
For anyone watching this saga unfold on-chain, the wallet is here:
0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae
Sometimes survival is the trade. What you all think.
New Giant Steps In 😵 300 BTC on the Line.
About 11 hours ago, a fresh heavy hitter slid into the game and went long 300 $BTC , instantly landing a spot among Hyperliquid’s top five biggest Bitcoin longs.
That position is sitting around $26 million right now, opened near $87,965. It’s slightly underwater, nothing dramatic, roughly $197K down right now, and the danger line sits not too far below at $86,078. Close, but not uncomfortably so. You can tell this wasn’t a rushed click either.
The trader already mapped out the exits: if things turn ugly, cuts are set around $79,419, and if #BTC decides to fly, profits start locking in near $109,496.
It’s calm, it’s calculated, and yeah… it’s confident. Now we wait and see if patience pays.
Address: 0x931153baac031d055389b41d12cd32c9bf0ae7a3
About 11 hours ago, a fresh heavy hitter slid into the game and went long 300 $BTC , instantly landing a spot among Hyperliquid’s top five biggest Bitcoin longs.
That position is sitting around $26 million right now, opened near $87,965. It’s slightly underwater, nothing dramatic, roughly $197K down right now, and the danger line sits not too far below at $86,078. Close, but not uncomfortably so. You can tell this wasn’t a rushed click either.
The trader already mapped out the exits: if things turn ugly, cuts are set around $79,419, and if #BTC decides to fly, profits start locking in near $109,496.
It’s calm, it’s calculated, and yeah… it’s confident. Now we wait and see if patience pays.
Address: 0x931153baac031d055389b41d12cd32c9bf0ae7a3
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