EyeOnChain

Abraxas Capital Bets Against the Market—But Is the Hedge Bleeding?
Abraxas Capital, known for its strategic plays in the crypto space, is currently running a bold short strategy through two wallets: 0xB83D and 0x5b5d, targeting the three giants of the market—Bitcoin, Ethereum, and Solana.
Using 10x leverage on Hyperliquid, they've opened significant short positions as a probable hedge against their spot holdings:
2,572 $BTC short (~$288M)
57,317 $ETH short (~$151M)
504,957 $SOL short (~$89.4M)
But the market isn’t moving in their favor—unrealized losses have crossed $25 million and are mounting fast.
Wallet 1: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060
Wallet 2: 0xB83DE012dbA672c76A7dbbbf3E459CB59D7D6E36
Whether this is a temporary drawdown in a well-planned hedge or a mistimed gamble remains to be seen. But one thing is clear: Abraxas is playing high-stakes chess with the market—and the board is heating up.

Trader Loses 1,000 $ETH in Regretful Rebuy
One month ago, wallet 0x83c6 made what seemed like a smart move—selling 2,522 ETH for $3.96 million at a price of $1,570 per ETH.
But fast-forward to today, and the picture looks very different.
Just three hours ago, the same trader spent $3.8 million to buy back only 1,425 #ETH —this time at a much higher price of $2,670 per ETH.
The cost of that round trip? A staggering loss of over 1,000 ETH, or approximately $2.67 million—all due to a poorly timed exit and a late re-entry.
Wallet Address: 0x83c62543ea0b3541438e7c2ac54eef47ea8ed997
In crypto, timing is everything. But sometimes, holding through the noise beats trying to time the top and bottom.

DWF Labs Moves Again—Withdraws 25.77M $ASTR for On-Chain Staking
Two hours ago, market maker DWF Labs made another notable move—withdrawing 25.77 million ASTR, worth approximately $802,000, from centralized exchanges to their on-chain staking wallet.
This strategic shift suggests a long-term position and a possible effort to support the #astar ecosystem through staking rather than short-term trading.
Staking Wallet Address:
YCf2VCuz59GbCt2cYcvnVZjvDtiUWuRR7FmSb DSmno7T6Sx
Given DWF Labs’ track record of backing promising projects, this move could signal growing confidence in #ASTR ’s future. Keep an eye on their next steps.

USD1 Ignites the Next Narrative Wave—Projects Rush to Join the Hype
There’s a new star in the narrative sky: USD1—and project teams are wasting no time jumping on board.
It all kicked off when StakeStone tweeted on May 9, announcing the integration of WLFI. The result? STO briefly soared past $0.16. Then, in the early hours today, StakeStone fired off another tweet, this time promoting full-chain liquidity for USD1—coincidentally lining up with Binance’s move to launch USD1. Unsurprisingly, USD1 rallied again to hit $0.15.
For StakeStone, these tweets are hitting harder than ever. But STO still has room to run—its circulating market cap is $29.17M, still 36% below its monthly peak.
Meanwhile, other USD1-related projects are seeing explosive momentum:
🔸 ListaDAO launched USD1 in its treasury → LISTA spiked 60% today
🔹 WLFI bought up Pools B and USD1 → pool token surged 396%
🔸 BANK introduced a USD1 trading pair → price jumped 15%
🔹 Aster confirmed USD1 as Perp DEX collateral → TGE still pending
The buzz is real. With the speed of BD deals, pool setups, and tweet edits happening behind the scenes, USD1 has quickly become the center of the current meta.
Expect more projects to start integrating, tweeting, and riding the wave. The USD1 effect is just getting started.

$300M Coinbase #Hacker Breaks Silence, Sends Message to ZachXBT and Dumps $22M in ETH
The elusive hacker behind the massive $300M+ exploit targeting Coinbase users has resurfaced—and they’re not staying quiet.
Two hours ago, the attacker sent a taunting message to on-chain sleuth @zachxbt, a bold move in a case already surrounded by high stakes and high tension.
But that wasn’t all.
The same wallet also dumped 8,698 ETH, worth approximately $22.12 million, converting it into DAI—a clear signal of an ongoing laundering operation.
Hacker Wallet Address: 0xC84C35f57CaEeB5Da8E31D1144c293Ae5851Ab84
The timing of the sale, combined with the public jab at one of crypto’s most respected investigators, suggests the attacker is either growing bolder—or preparing to disappear for good.
All eyes are now on this wallet, and the chase just got hotter.

Smart Money Strikes Fast: #WLFI Buy Sparks 271% Surge, $B Follows
Just four hours ago, a sharp $25,000 buy of $WLFI triggered a chain reaction in the market. The sudden demand ignited a 271% price surge, pushing the token’s market cap beyond $120 million in record time.
But the real winner? A wallet ending in 53c74, known for moving swiftly and precisely.
Exactly one hour after the WLFI pump, this address deployed $282,000 to accumulate 3.32 million tokens of $B, seizing the momentum. The average cost per token? Just $0.08492.
As of now, with $B trading at $0.1187, the wallet is sitting on an impressive $110,000 in unrealized profit, boasting a 41.8% return in mere hours.
Smart Money Wallet: 0x26aeaf50b8595729fcb9e72836ed7e2adb853c74
In a market that rewards speed and precision, this move was textbook. Whether it was instinct, insight, or inside information—this whale saw the wave and caught it early.

From Triumph to Misstep: $ETH Whale Fumbles a $21 Swing
Just days ago, this Ethereum whale was riding high—having perfectly timed the market to lock in $1.47 million in profit from a series of well-played ETH trades over 19 days.
But markets move fast. And panic is costly.
Eight hours ago, as the market dipped, the same wallet sold 2,767 ETH worth $6.86 million—almost at the lowest point of the drop. The decision led to an immediate loss of $233,000, shaving his total gains down to $1.237 million.
Had he waited just a bit longer, he could have captured an additional $21 per #ETH , avoiding the loss and turning it into further profit. But in crypto, timing is everything—and this time, fear got the better of skill.
Wallet Address: 0x24892cfaab12d98b23ffa00bcaca4999c7187976
A reminder to all: even seasoned whales can slip when emotions take over.

Tether Just Minted $2B USDT—Will Bitcoin Soar Again?
#Tether is back at it.
Just an hour ago, another $2 billion USDT was freshly minted, adding to an already massive issuance trend in 2025. So far this year, Tether has minted a total of $15.7 billion USDT across Tron and Ethereum, even after accounting for burns.
Why does this matter? Because historically, big USDT mints have been closely followed by surges in Bitcoin’s price.
Here’s what the data shows:
April 23 – May 7: Tether minted $6B USDT
→ Result: Bitcoin broke $100K, ending a 3-month consolidation
May 15: Another $2B USDT minted
→ Result: Bitcoin jumped past $105K
Now, on May 21, another $2B USDT has hit the blockchain. If history rhymes, this could be the fuel BTC needs to push into new all-time highs, possibly beyond $110K.
But a word of caution: correlation isn’t always causation. While Tether’s minting often signals fresh liquidity entering the market—usually through exchanges or OTC desks—it’s not a guarantee of immediate upside. Watch for follow-up whale activity and spot buying pressure to confirm the trend.
TL;DR:
Tether’s latest $2B USDT mint could very well be the spark for another BTC breakout. Based on recent patterns, the odds favor a bullish move—but confirmation from on-chain and exchange flow will be key in the coming hours.

DWF Labs Moves Again: $2M $MANTA Withdrawn for Staking
DWF Labs is back on the radar with another strategic on-chain play.
Just 2 hours ago, the firm withdrew over 2 million $MANTA (worth approximately $551,000) from Binance and transferred the tokens to their on-chain staking wallet.
Receiving Wallet Address: 0xF0984860f1F31a784c0FF0bb4d1322e377f97631
This move suggests DWF Labs is doubling down on long-term conviction in the Manta ecosystem, shifting from centralized holdings to actively staked positions.
With recent accumulation patterns and staking behavior emerging, are they positioning ahead of a major move in the #MANTA ecosystem?
Keep your eyes on this wallet—it tends to act before the headlines do.

Bitcoin Mega Whale Strikes Again: Another 1,500 $BTC Scooped Up
The #bitcoin accumulation continues.
Whale address bc1qcpflj68s3ahy4xajez4d8v3vk28pvf7qte2jmlftvxzfke2u6mqsge3gvh just made another jaw-dropping move—buying 1,500 BTC worth $159.67 million in a single swoop.
This isn't a one-off. Over the past week alone, this whale has acquired a staggering 6,111 #BTC , totaling $650.5 million in buys.
Their current holdings?
22,223 BTC, valued at a colossal $2.37 billion.
Whether it's institutional money, an OTC giant, or a sovereign-sized investor, one thing is clear—this wallet is aggressively accumulating. The market is watching closely.
The question on everyone's mind: What do they know that we don’t?

The Return of the $UNI God: $21.54M in Profits and a New Wave Begins
He’s back.
After three years of silence, the legendary UNI whale—dubbed the “UNI God” by those who tracked his every move—has re-entered the arena.
Since the launch of $UNI in September 2020, this address has played just two major waves, yet walked away with a staggering $21.54 million in profit. His first move? Holding UNI for 8 months before selling near the all-time high at $42. That single exit alone marked one of the most well-timed sells in the token’s history.
Now, five hours ago, he made his third move.
New Position: 662,605 #UNI
Value: $3.97 million
Average Entry Price: $5.99
Current Price: $6.50
Unrealized Profit: $205,000 and rising
Wallet Address: 0x4B0d3273B75AA15715be2e36E111f4cA8AB6c9f8
The price of UNI surged shortly after his buy, triggering speculation that this OG might know something the rest of the market doesn’t. The group chats are buzzing, and first-time copy traders are already in profit. But be warned: while the whale crushed the first wave, his second UNI play ended in a loss. His win rate? Just 50%. But when he wins—he wins big.
The third wave has begun. Will history repeat itself, or is this the UNI God’s final stand?

Bitcoin Battle Royale: James Wynn vs. the Hyperliquid Gambler
In the heat of the crypto night, two titans made their move—each betting millions on opposite sides of the Bitcoin battlefield.
At 2 AM, as #Bitcoin spiked to new heights before pulling back, James Wynn—already known for his aggressive plays—doubled down. He cranked his $BTC long position to a staggering 7,764.264 BTC, backed by 40x leverage, with an entry at $105,033.4. The position, worth $832 million, now floats with a profit of $16.59 million. His liquidation line? A nail-biting $100,330.
James Wynn’s Address: 0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6
But just two hours later, another heavyweight entered the arena. The elusive "Hyperliquid insider", infamous for turning trades into tens of millions, took the opposite stance. At 4 AM, he opened a 826.18 BTC short at $107,091.9, leveraging a fresh $2.3 million USDC deposit. His #liquidation is set at $108,500—dangerously close, yet his position is in the green with a current floating profit of $68,000.
Hyperliquid Gambler’s Address: 0x51d99a4022a55cad07a3c958f0600d8bb0b39921
Two whales. One long. One short. Both with precision entries and nerves of steel.
As Bitcoin wavers, the entire crypto circle watches with bated breath. This isn’t just trading—it’s war. Who will emerge victorious from this high-stakes Spring Festival showdown?

Whale Keeps Selling Pressure On: Another 350 $BTC Sent to Binance
Just four hours ago, a notable Bitcoin whale deposited 350 #BTC worth $37.17 million to #Binance —continuing a pattern of major exchange inflows.
This comes shortly after the same whale moved 1,000 BTC (about $104 million) to Binance on May 11, signaling sustained selling activity or preparation for it.
Whale address:
bc1qdpwl80flfh3k6h6sumzwgws3ephkrmx307hk64
With over $140 million moved in less than a week, market watchers are keeping a close eye—could more BTC be headed for the market?

Whale Goes All-In on Ethereum with $7M Bet
Three hours ago, a bold #Ethereum whale made a major move—depositing $7 million USDC into Hyperliquid.
Half of it—$3.5 million USDC—was used to scoop up 1,371.87 ETH at a spot price of $2,551. The other half? He went aggressive, opening a 3x leveraged long on $ETH at an entry of $2,550.42.
It’s a confident double-down at a critical level, signaling strong conviction in a coming ETH rally.
Whale address:
0x07C5B2DA3e315c7Ae4Fd565363210279dACf9BE1
Now all eyes are on whether ETH delivers—or if this whale just caught a falling knife.

James Wynn Says “Go All Out,” Then Quietly Cashes Out
Just hours after publicly urging traders to “go all out to increase long positions,” James Wynn—one of the most watched $BTC whales on Hyperliquid—dramatically scaled down his exposure.
Initially holding a 40x long position worth $560 million in #BTC , Wynn reduced his position by 1,614.79 BTC, taking profits close to $160 million. At that point, he still held 3,716.82 BTC, with a floating profit of $6.31 million, and his 10x long kPEPE position was sitting on $10.88 million in profit.
But the story didn’t end there.
In the next 90 minutes, Wynn continued trimming, slashing his BTC position by another 1,142.48 BTC. He now holds 1,812.03 BTC, worth $190 million, still 40x long, and showing a floating profit of $3.64 million.
All in, Wynn’s realized profits on this BTC long total $6.57 million so far. Two minutes before this update, he moved $5 million USDC across-chain to his wallet:
0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6
While everyone else was gearing up for a potential push to $118,000 BTC—as Wynn himself boldly predicted—he was already offloading. A bold move, or a classic werewolf play? Time will tell.

Abraxas Capital Resumes $ETH Buying Spree—Now Up $50M in Unrealized Gains
After a brief 3-day pause, Abraxas Capital is back in action—scooping up another 46,295 ETH, worth roughly $115.3 million.
This latest move brings their total accumulation since May 7 to a staggering 350,703 ETH (valued at $837 million) at an average entry price of $2,386.
With #ETH trading above that level, the fund is now sitting on an unrealized profit of $50 million.
Track their wallet here: 0xb99a2c4C1C4F1fc27150681B740396F6CE1cBcF5 — eyes will be on whether they continue buying or start locking in profits.

$ETH Whale Capitulates with $16M Loss
Three hours ago, a major Ethereum whale finally folded under pressure—selling 7,000 ETH for $16.88 million, locking in a substantial loss.
Here’s the full picture:
Accumulation Phase:
Between Dec 5, 2024 and Jan 13, 2025, the whale withdrew 13,479 ETH (worth $48.82M) from Binance at an average price of $3,622.
Capitulation:
Sold 7,000 ETH at lower market prices, realizing a steep loss as ETH currently trades around $2,411.
Remaining Bag:
Still holds 6,479 ETH (~$15.66M)
→ Total Unrealized + Realized Loss: ~$16.28M
Wallet address:
0x148990D87C467Ab1E9fF3435D7E4Ac0909e640c8
A painful reminder that even the largest players can mistime the market.

Swing Trader Masterclass: 3,022 $ETH , $1.47M Profit in Just 19 Days
Some traders just make it look easy.
Wallet 0x24892cFAab12D98B23ffa00bcaca4999C7187976 played the perfect swing:
Bought ETH at $1,895 on May 1
Sold at $2,388 on May 19
Total: 3,022 ETH cleared, locking in a $1.47 million profit
This seasoned trader moved out 9 hours ago—low entry, strong conviction, and flawless timing. A textbook example of buying low, selling high, and staying calm through the noise.

Ethena Season 3 Airdrop Drops Tonight—But That’s Not the Whole Story
After a month-long delay, #ethena ’s Season 3 airdrop is finally set to go live tonight. Claim checks are open, and participants are eager. But while the airdrop grabs the spotlight, it’s the follow-through that reveals Ethena’s masterstroke in strategy.
Just like in previous seasons, #Ethena doesn’t stop at giving away tokens—it anchors the momentum with a strong narrative. This time? A major expansion into the TON network.
USDe and sUSDe are now integrated with leading Telegram wallets
Holders of tsUSDe earn an extra 10% annual yield
By embedding its stablecoins into Telegram—home to over 1 billion monthly active users—Ethena isn’t just aiming for crypto-native adoption. It’s pushing into a user base that rivals any Web2 fintech platform. Imagine if WeChat Wallet suddenly offered DeFi yields—that’s the scale of ambition.
From centralized exchanges to Telegram’s vast messaging ecosystem, Ethena's vision is consistent: build stablecoin utility at every layer of the crypto stack. The airdrop is just the start. The real play is network effect.
Ready to claim yours tonight?

ETH Frenzy: Whales Borrow Big to Buy Bigger
#Ethereum is back in the spotlight—whales are making aggressive moves to stack up.
In the past 2 hours, wallet 0xDdb4 borrowed 3.44M USDC from Aave and immediately converted it into 1,856 $ETH , betting big on a price surge. Not far behind, wallet 0xf84d pulled 1.64M USDC from Aave and topped it up to spend 2.34M USDC on 1,259 ETH.
Meanwhile, a newly created wallet (0x69D0) withdrew 2,250 #ETH (worth $4.12M) from Binance—another sign that smart money is loading up.
Whales aren’t just watching—they’re moving. Are you?
Addresses:
0xf84dDA9ef2cEE60FED034b7A53a8aE7c3f100E41
0xDdb4c8ADcA21FB042616a6e01bEF07de956946f2
0x69D0b64e2B59151f36FAB0081ec58C3026C9c6ef