SOL falls below the $180 mark

["7 Siblings" Borrowed 40 Million USDC to Purchase 1,326 ETH] On-chain data shows that the address group "7 Siblings" made another move during the market pullback, borrowing 40 million USDC from Aave and using 5 million USDC within the past hour to purchase 1,326 ETH at an approximate price of $3,771 per token. This operation demonstrates their proactive positioning strategy in the current market environment.

[Whale Earns $200 Million by Shorting 3 Days in Advance, Suspected to Be Bitforex Co-Founder Garrett Jin] According to community speculation, the whale who opened a massive short position on Hyperliquid 3 days in advance and earned approximately $200 million in profit is suspected to be Bitforex co-founder Garrett Jin. The connection stems from transaction records linking the whale's address to Garrett Jin. On October 7, the whale deposited 3,000 BTC into Hyperliquid and initiated a short position, subsequently increasing their position continuously, ultimately achieving a single-day profit of approximately $190 million to $200 million.

[Tether Issues 1 Billion USDT on Ethereum] According to Onchain Lens data, Tether recently issued 1 billion USDT on the Ethereum network. Over the past 30 days, Tether has issued a total of 11 billion USDT.

[Ethena Founder Denies Rumors of Collapse, Counter-Accuses ZKasino Founder of False Allegations] In response to rumors of an 'Ethena delta-neutral strategy collapse,' Ethena Labs founder Guy Young stated that this is complete nonsense and warned the market to be cautious of the ZKasino founder. He accused the latter of misappropriating $30 million of investor funds, with the assets already seized by law enforcement.

[Trader Profits $12.66 Million from Shorting ETH Amid Volatility] According to on-chain analysts, a trader experienced significant volatility in their ETH short position and ultimately profited $12.66 million. The trader opened a short position at a price of $4,718 on September 13. By the end of September, when ETH dropped to $3,815, the unrealized profit reached $9.75 million but remained unclosed. In October, ETH rebounded to around $4,700, causing the unrealized profit to diminish, but subsequent price declines helped the trader secure the final profit.