MegaETH, the Ethereum scaling solution backed by notable investors, including Vitalik Buterin, launched its public testnet on Friday. The team takes an opinionated stance on scaling that runs counter to the “rollup-centric roadmap” that scales Ethereum through multiple Layer 2s.
[A Whale Liquidates 50,600 ETH, Profits $19.02 Million] According to Ember monitoring, a certain whale address sold its last 10,000 ETH three hours ago, valued at approximately $29.37 million. This whale completed the liquidation of 50,600 ETH over 13 days, with a total value of approximately $147 million, at an average price of $2,921 per ETH, resulting in a profit of about $19.02 million. The average cost price of these ETH was $2,545, with 20,000 ETH purchased at an average price of $1,740 during the price bottom in April this year.
[HYPE, SUI, EIGEN, and Other Tokens to Unlock Over $200 Million This Week] According to Token Unlocks data, tokens such as HYPE, SUI, and EIGEN will undergo significant one-time unlocks this week, with a total value exceeding $200 million. Among them, Hyperliquid (HYPE) will unlock 9.92 million tokens on December 29, valued at approximately $252 million; Sui (SUI) will unlock 43.69 million tokens on January 1, 2026, valued at approximately $63.79 million; EigenCloud (EIGEN) will unlock 36.82 million tokens on January 1, 2026, valued at approximately $14.56 million; Kamino (KMNO) will unlock 229 million tokens on December 30, valued at approximately $11.77 million.
[A Whale Withdraws $9.61 Million in Crypto Assets from Kraken] According to Onchain Lens monitoring, a whale address (0xcd9...5507) withdrew 2,218 ETH ($6.52 million), 37.1 million SKY ($2.36 million), and 4,772 AAVE ($730,300) from Kraken 7 hours ago. This address had previously received 519 ETH ($1.62 million) from Wintermute 19 days ago and currently holds a total of 2,738 ETH, valued at $8.07 million.
[Stanley Huang Reduces ETH Long Positions and Increases HYPE Long Positions] According to hyperbot data, Stanley Huang reduced 50 ETH long positions, incurring a loss of $591, while increasing 5,000 HYPE long positions. Currently, his ETH long position stands at 8,150 units (approximately $24.21 million), and his HYPE long position stands at 18,888.88 units (approximately $487,100), with a total position floating loss of $46,000.
[Report Indicates Crypto Market Appears Calm but Hides Volatility; Bitcoin and Ethereum May See Trend Changes in January] The 10x Research weekly market report highlights that the crypto market has entered the new year amidst a cycle of low activity, but signals from the derivatives market suggest different trends. Despite declining trading volume and participation, funding rates are gradually rising, leverage remains high, and the dissonance between ETF fund flows, stablecoin trading activity, and futures positions has led to a market that appears calm on the surface but hides underlying volatility. Adjustments in the options market may indicate a shift in market structure rather than a continuation of existing trends. Technical indicators are nearing critical points, and minor fluctuations could trigger asset allocation adjustments. Bitcoin trading volume has dropped by 30%, with the downward trend persisting, though it may turn bullish in January. Bitcoin's RSI stands at 43%, and the stochastic indicator is at 30%, with 4.5% remaining before reaching the trend change trigger point. The short-term key price level is $88,421, while the major key price level is $98,759. Ethereum's RSI is at 44%, and the stochastic indicator is at 23%, with 5% remaining before reaching the trend change trigger point. The short-term key price level is $2,991, while the major key price level is $3,363. Bitcoin's 30-day realized volatility is 38.2%, below the 30-day average of 45%; Ethereum's 30-day realized volatility is 61.2%, below the 30-day average of 66.6%.