💥 Hyperliquid XPL wipeout

In just 10 minutes, around 85% of all $XPL positions were liquidated - over 116M tokens.

➡️ A wallet tied to Justin Sun opened a massive long, cleared the orderbook, and triggered a cascade of liquidations

➡️ He closed part of it within a minute, pocketing $16M, and still holds a long of 15.2M $XPL (~$10.2M)

➡️ TechnoRevenant emerged as the biggest winner, netting ~$25M after his 20M+ long was auto-deleveraged between $0.90–$1.20

➡️ He also took a $7M hit from a separate liquidation

One whale move just erased nearly the entire XPL market and turned the table for a handful of addresses.

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📄 Crypto roundup - latest highlights

Project updates:

➡️ Linea — $LINEA token deployed on Ethereum and Linea. Checker expected Aug 31, TGE set for Sep 16.

➡️ Opensea — new $50 swap task on any network, deadline Aug 29.

➡️ Pharos — new “Brokex Testnet Badge” mint for 1 $PHRS.

➡️ Symbiotic — launched a Galxe quest with quiz answers: C, A, A, A, C.

➡️ Somnia — unveiled tokenomics: 1B $SOMI total, 160.2M circulating at launch, 27.9% for community.

➡️ Irys — raised extra $10M, plus new Galxe quest live.

➡️ Pi Squared — new social quests available for points.

➡️ Kaito — distributed more tokens to stakers, claimable on their site.

Global news:

➡️ Galaxy, Jump, and Multicoin raising $1B to buy Solana.

➡️ Reports suggest Binance may be suppressing Solana’s market cap via Wintermute to protect BNB.

➡️ Coinbase laid off developers who refused to integrate AI tools.

➡️ Willy Woo links BTC’s slow growth to long-term holders who bought around $10 in 2011.

➡️ Ex-Bitmain execs, backed by YZi Labs, launch new company aiming for Nasdaq listing.

The mix of project updates and big money moves shows the market is evolving fast - from new tokens to billion-dollar bets on Solana.

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🐋 Whale migration shakes up Hyperliquid

In just four days, Hyperliquid’s Unit platform leapfrogged Coinbase and Bybit in BTC spot volume - all thanks to one anonymous whale moving billions.

➡️ The trader used two wallets to dump 19,663 BTC and buy 455,672 ETH, with total volume topping $2.2B

➡️ Unit’s daily spot volume hit $3.2B - more than Coinbase and Bybit combined on BTC

➡️ Despite the stress test, Hyperliquid ran flawlessly: no downtime, no failed withdrawals, guardian nodes held up

➡️ Fees surged to $4.7M in 24h, with $1.88M funneled directly into HYPE token buybacks

A whale choosing a DEX for multi-billion moves shows how far DeFi infra has matured.

Unit’s model links volume directly to token support - the bigger the flows, the stronger HYPE’s bid.

This isn’t just record volumes. It’s proof that Hyperliquid can stand alongside top CEXs - without VC backing, KYC, or downtime. The kind of story that makes other whales take notice.

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🪙 Titan Network - free farm opportunity

Titan Network is running phase 2 with $18K USDC rewards, and you can join without any upfront cost. Just a simple browser plugin that farms while you stay online.

➡️ Install the plugin
➡️ Run it 24/7 - tokens accumulate automatically
➡️ Invite friends or multi-account to boost your rank
➡️ Higher leaderboard positions = bigger drop

It works like Grass for IP leasing. Minimal effort, passive farming, and a potential airdrop if the project scales.

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📊 Bitcoin’s new supply squeeze

➡️ Businesses are now absorbing BTC at four times the rate it’s mined.

➡️ Retail keeps distributing, while ETFs, treasuries, and corporates quietly take the other side.

This isn’t the old miner-driven cycle anymore. The marginal buyer has changed, and the supply crunch is now structural.

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📣Exit liquidity warning

ZachXBT called out a group of alts.
$XRP, $ADA, $PLS, $HBAR - saying holders here exist mainly as liquidity for insiders.

➡️ Ripple investors bring no real value to the industry, just exits for early players

➡️ The same critique applies to Cardano, Pulsechain, and Hedera

➡️ These ecosystems aren’t building lasting fundamentals, just recycling capital


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👀 Alts to watch into year-end 2025

Some names stand out as the market chops - both for strength now and for what they could mean if narratives flip.

➡️ $HYPE — Still sitting at ATHs while the rest bleeds. Revenue + buyback loop is proving itself. Hard to find a stronger fundamental setup.

➡️ $SOL — Overlooked lately, but high throughput L1s are still needed. Expect the SOL/ETH chart to tell the story when the barbell trade swings back.

➡️ $LINK — If institutions keep driving flows, Link is positioned as core infra. The reserve is a key catalyst, and price is reflecting it.

Less conviction but worth an eye:

➡️ $BERA — Volatile, but showing the first real momentum in a while.

➡️ $PUMP — Pure cash generator, but got heavily dumped. Could regain mindshare one day.

➡️ $AVAX — Filed for an ETF and pushing the USA chain angle. Narrative could catch if flows align.

The alt market is thinning out, only a handful of names show real structural strength. These are the ones to keep on radar.

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