链源社

Recently, many friends have been talking about Hyperliquid (HYPE). So, who is quietly buying and seeing profits soar behind this coin? Following the on-chain data, we tracked down a heavyweight player — Paradigm.

Paradigm is suspected to be the largest holder of HYPE!

On-chain data shows that Paradigm may hold 19.13 million HYPE, accounting for about 6% of the total circulation, with an average acquisition price of about $16.5. Looking at the current price, this guy has already seen profits exceeding $450 million, making him a master of lying down to win. The acquisition path is very "professional"!
Their operations clearly do not resemble retail investors; they are all at an institutional level:

Phase One: Find market makers to buy in bulk

Paradigm is suspected to have sought out an old friend, Wintermute, to make a significant purchase, assisting in the early accumulation.

Phase Two: Use over-the-counter channels

Continue to buy through over-the-counter trading platforms like FalconX to avoid market volatility and remain more discreet.

On-chain operations are also quite "refined".
Starting in December 2023, Wintermute transferred several million HYPE to a brand new wallet, then subdivided it into 10 smaller wallets, each holding tens of thousands to hundreds of thousands of coins, clearly a seasoned method of "wallet laundering".
Then, at the beginning of 2024, they withdrew tens of millions of HYPE from the Gate wallet and redistributed it to new addresses with no historical transactions, the entire path closely resembles Paradigm's consistent style.

Multiple sources of information cross-verified

Not only on-chain data, but some institutions supporting Hyperliquid have also indirectly mentioned Paradigm's involvement. Coupled with the completely consistent operating model, it can be inferred that Paradigm is very likely the largest financial backer of HYPE!

Today is Brother Sun's birthday, let's wish him a happy birthday. Brother Sun is about to be launched into space 🚀 $TRX

Ethereum's Impact on 4000 is Promising #以太坊十周年 $ETH

CZ Repost: BNB is not a shitcoin,
1. There is real demand on-chain,
2. True deflation
3. The competitors are BTC, ETH, not shitcoins $BNB

V God retweeted: Ethereum is the most stable Layer 1 public chain, online for ten years, zero downtime, zero maintenance, while other public chains have died hundreds of times

$ETH

BNB Chain becomes the most active Layer 1 chain for stablecoins $BNB

Is the counterfeit season coming?
#ltc #山寨季 $LTC

The news that "Trump has pardoned former FTX founder Sam Bankman-Fried" has spread widely on social media, sparking a strong speculative buying surge in a short time, causing the FTT price to skyrocket by about 43%. The trading volume rapidly expanded to over $100 million within 24 hours, and the surge in liquidity, combined with algorithmic trading and market-making strategies, significantly amplified the bullish momentum, propelling the market to continue rising
$FTT

Pump fun is about to issue tokens, and the token economics have been announced. Currently, #PUMP is priced at 0.004U

Is the newly launched Sahara AI worth paying attention to? In short, it is a powerful project.

Sahara AI is a decentralized AI project initiated by Quest Lab in 2023, dedicated to building an EVM-compatible Layer 1 blockchain network, focusing on privacy, security, and data ownership.

Currently, it has over 1.4 million daily active users, over 200,000 data service platform users, and has launched the SIWA public testnet, with over 40 ecosystem partners, including Microsoft, Amazon Web Services, and Google Cloud.

The team behind it includes USC professor Sean Ren and former BN Labs director Tyler Zhou, supported by top institutions such as Pantera and Polychain.

The vision is to build an open, fair, and participatory AI ecosystem.
$SAHARA

pump.fun official Twitter and its founder's Twitter account have been banned, reportedly for using a black market API. They made so much money but can't afford to buy the official API

$CAKE

Binance Alpha's new project DEGEN is getting more and more popular, and ordinary users have no chance

$BNB

Another Major Theft Incident in the Crypto World

Echo Protocol Suffers Supply Chain Attack, $266 Million in uBTC Stolen, Emergency Withdrawal Suspension
On June 14, the official wallet of the Bitcoin liquidity re-staking platform Echo Protocol was compromised by a highly sophisticated supply chain attack, resulting in a loss of 2,515.648579 uBTC, worth over $266 million.

The team has launched an emergency investigation and promises to release an incident review report as soon as possible.

To ensure safety, the platform's treasury collateralization ratio has been reduced to 20%, and all withdrawal operations have been suspended since midnight Eastern Time.

Echo Protocol is collaborating with auditing firms and security experts and will announce a bounty program to encourage informants to assist in recovering the stolen assets.

$BTC

How outsiders view the chaotic meme phenomenon in the cryptocurrency circle.

First Financial published a warning about the risks of LABUBU virtual currency speculation. This coin quietly went online on exchanges, leveraging the popularity of trendy toys, with its price soaring initially before plummeting.

LABUBU is not officially issued by Pop Mart; it was launched by community developers.

Industry insiders point out that this is typical speculative behavior in the cryptocurrency space, with enormous price fluctuations exposing extremely high risks. Most projects are worthless and essentially amount to fraud and pyramid schemes.

Investors should remain highly vigilant, steer clear of such illegal speculation, and avoid financial losses

#labubu

OpenSea has announced that it will completely shut down version OS1 on June 16, and the new version OS2 will remove Deals, English auctions, testnet support, and shopping cart functionality.

The platform claims that these features have low usage rates and that there are compatibility issues between Deals and the ERC-721C royalty enforcement contract.

However, users strongly protest, believing that the removal of the Deals feature (launched in July 2023, supporting custom NFT exchanges) will increase the risk of scams, leading to widespread controversy in the community.

This change may reshape the NFT trading ecosystem, what do you think?

$TON

You will soon be able to use Hong Kong dollar stablecoins to buy Bitcoin.

The Hong Kong Stablecoin Regulation will take effect on August 1, requiring issuers of Hong Kong dollar stablecoins to be licensed, enhancing compliance and risk control.

The new regulations focus on institutional framework construction, making it difficult for ordinary retail investors to access Hong Kong dollar stablecoins in the short term, and practical application scenarios such as transfers and investments have yet to materialize.

US dollar stablecoins (such as USDT), due to their global liquidity, remain the preferred choice for cross-border payments.

BiyaPay supports quick exchanges of USDT for over 30 fiat currencies, with stable withdrawals, zero frozen cards, and one-click international remittances that are secure and efficient.

Users do not need to wait for Hong Kong dollar stablecoins; they can prioritize using USDT through BiyaPay for convenient cross-border circulation. This move by Hong Kong promotes fintech leadership, but widespread adoption will take time.
$BTC

Projects that have raised over 100 million dollars, EOS is the absolute king, the top three are EOS, BNB, FTT

Sui increases investment by tens of millions of dollars in chain protection efforts; Cetus initiates LP compensation and security upgrades after an attack

In response to the Cetus smart contract vulnerability incident, Sui officials announced an additional investment of 10 million dollars for on-chain security enhancement, covering bug bounties, formal verification, and multi-party audits, demonstrating their commitment to protecting the developer ecosystem. Cetus faced a sophisticated attack exploiting the CLMM vulnerability on May 22, resulting in asset theft. The team has since collaborated with Sui to urgently freeze the attacker's address and is advancing the LP compensation plan. Both parties will strengthen on-chain monitoring and regularly release security reports to prevent similar incidents from occurring again. Sui and Cetus are jointly learning lessons to reconstruct a more secure ecological foundation. $SUI $CETUS

EOS is taking off again, Binance launches EOS trading event to share $5,000 $EOS

The comparison of technology between China and the United States shows a clear trend of the East rising and the West declining, which is very different from five years ago.