Whale buying in Ethereum continued, according to on-chain analytics platform Lookonchain. A newly created wallet, 0xf31d, withdrew 8,239 ETH from multiple exchanges over the past 12 hours, with the holdings valued at about $14.5 million. In a separate move, whale address 0x363A bought 11,843 ETH in the past three hours, worth roughly $20.8 million. Combined, the two transactions added up to more than 20,000 ETH, with a total value of around $35.3 million. The activity points to continued large-scale accumulation by major holders, based on the on-chain figures cited in the report.

Cap founder Benjamin apologized after controversy over the reduced Stabledrop allocation and laid out the project’s explanation in detail. He said the team had committed too early to an 11 million airdrop before funding was fully secured. After market conditions changed, fundraising came in below expectations, shrinking the actual airdrop pool to 4.2 million. Benjamin said the team then replaced its planned linear distribution with a temporary restructuring model designed to preserve principal but offer no profit for early YT holders, with the goal of ensuring that no participant takes a loss. He added that the rule applies equally to all wallets. Addressing community criticism around a whale wallet suspected of internal score farming, Benjamin said the address belongs to a former colleague rather than the team itself and that no treasury funds were used. He also said the Cap protocol remains healthy and argued that the TVL drop seen over the weekend was mainly driven by a spike in USDM borrowing rates on Aave on MegaETH, which pushed arbitrage traders to exit, rather than by the airdrop dispute. According to him, all redemptions were processed smoothly.

Onchain Lens said FTX/Alameda Research transferred about 201,000 SOL to BitGo Custody in a transaction valued at roughly $15.14 million. The transfer involved SOL held by FTX/Alameda-linked addresses and was identified through on-chain monitoring. No additional details on the purpose of the transfer were provided in the source post.

Onchain Lens said on July 14 that a whale opened a new 15x leveraged long position in Brent crude, with the position valued at nearly $2.6 million. The tracker described the trade as a momentum entry at higher prices. The same whale is also sitting on an overall loss of $2.49 million on Hyperliquid, according to the monitoring data. The update points to a sizable commodities bet from a trader already carrying substantial losses on the platform.

Onchain Lens said a trader opened a new 15x long position in BRENTOIL after posting cumulative losses of about $2.49 million. The position was built after BRENTOIL rose more than 7.9%, with the trader taking on a position worth roughly $2.6 million. Account equity stood at about $568,900, while available margin was listed at zero. The update points to a highly leveraged directional bet made after a sharp move higher in BRENTOIL, according to the on-chain monitoring account cited by Odaily.

On July 14, FTX/Alameda Research transferred about 201,000 SOL to several BitGo custody addresses, according to on-chain monitoring cited by BlockBeats. The tokens were valued at roughly $15.14 million at the time of the transfers. The movement was split across multiple transactions, based on data tracked by Onchain Lens. No additional transaction details were provided in the source input, and the report did not specify the purpose of the transfers. The update was published as a brief market-moving whale activity item.

A U.S. government-linked wallet transferred almost $297 million worth of crypto to Coinbase Prime over the past eight hours, according to on-chain tracker Lookonchain cited by BlockBeats. The deposits included 3,941 BTC valued at about $244 million and 30,007 ETH valued at roughly $53.09 million. Based on the figures provided, the combined value of the transfers came to about $297 million. The transaction flow was reported on July 14. No additional details were given in the source about the purpose of the transfers.

A newly created wallet withdrew 30,000 ETH from Coinbase Prime, according to on-chain tracking cited by BlockBeats on July 14. The transfer was valued at about $52.84 million based on the figures provided in the report. Onchain Lens was named as the monitoring source. The item was categorized as whale activity.