Spark has completed the first month of its token buyback program, spending 571,957 USDS to repurchase 26.66 million SPK at an average price of $0.0215. The amount equals about 1% of circulating supply, with the 12-month plan potentially reaching 12% overall.
链上数据分析显示，鲸鱼地址sat0shi777于近日在BTC和ETH上同时建立大额仓位，却因价格走势与预期相反而遭遇双重浮亏。BTC多单以62,729美元开仓468枚，随BTC跌至6万美元以下浮亏约186万美元；ETH空单以1,536美元开仓47,500枚，因ETH企稳而浮亏约123万美元。当前总仓位价值1.02亿美元，合计浮亏309万美元，反映出巨鲸在市场剧烈波动中的操作风险。
On-chain analyst Yujin has detected that whale Garrett Jin placed a short order for 52,000 ZEC (approx. $21.73M) at $418.9 on Hyperliquid 30 minutes ago. $4.93M has been filled, with $16.8M pending. If fully executed, he will be Hyperliquid's largest ZEC holder. At the same time, his long position of 1,270 BTC (entry $76,117) has a floating loss of $20.15M, implying a current BTC price of ~$60,251, a ~20.8% drop from entry. The combined positions expose significant directional risk.
据余烬监测，一个持有ETH长达八年的巨鲸地址，在短时间内将17,598枚ETH兑换为2,724.5万USDS，出售均价1,548美元。该地址于2018年2月以均价829美元收到37,602枚ETH，本次卖出约一半仓位，获利1,265万美元。市场关注此类长期持有者的减持动作对ETH短期流动性的影响。
According to on-chain monitoring by Yujin, ETH lending whales are facing liquidation risks across three tiers during the ongoing price decline. The first tier is at $1,472 with 72,700 ETH ($114M), the second at $1,355 involving 167,600 ETH ($263M) from a whale that bought early this month, and the third at $1,160 corresponding to the largest long position on Hyperliquid holding 120,000 ETH ($188M). These liquidation levels could exert downward pressure on Ethereum's price.
