Lei06

【Whale Evaded and Huang Licheng Increase Their ETH Long Positions to 18,100 and 6,375 respectively】 On May 22, according to Onchain Lens monitoring, whale Evaded increased his 25x ETH long position to 18,100 ETH (38.5 million USD), still holding 10x long positions in ZEC and HYPE, with unrealized profits exceeding 7.6 million USD. Additionally, Huang Licheng deposited 200,000 USDC into HyperLiquid, raising his 25x ETH long position to 6,375 ETH (13.5 million USD). $ETH $ZEC $HYPE

【Two new addresses received 500 BTC from Galaxy Digital, valued at $38.84 million】 On May 22, according to OnchainLens monitoring, on-chain whales are massively accumulating Bitcoin. Two newly created wallets (bc1qn and bc1q0) received 500 BTC from Galaxy Digital, valued at $38.84 million. Another address received 809 BTC from FalconX (valued at $62.74 million). This whale currently holds a total of 1,583.6 BTC across two wallets, valued at $124.42 million. $BTC

[Petition to Cancel South Korea's Cryptocurrency Tax Surpasses 50,000 Signatures] On May 22, according to Cointelegraph, a petition in South Korea demanding the cancellation of the 22% tax on crypto investment gains has surpassed the 50,000 signature threshold, reaching the legally required number for review by the National Assembly's Finance and Economy Committee. This tax is set to take effect in January 2027. The petition states that the 22% tax rate imposes financial and reporting burdens on investors while limiting upward mobility for young people who have been priced out of the housing market due to high real estate prices. The petition also points out that taxing crypto gains at 22% while other asset classes enjoy tax benefits will weaken South Korea's share in the crypto market. Short-term taxation may lead to long-term industry decline and capital and talent outflow. South Korea is a major crypto hub in the Asia-Pacific region, with about 32% of the population owning cryptocurrencies as of March 2025, although ownership rates have declined this year due to price pressures.

【Loracle reduces HYPE spot holdings, short position unrealized loss expands to $23 million】 According to Onchain Lens monitoring, trader Loracle (@loraclexyz) has deposited 616,670 HYPE tokens into HyperLiquid, valued at approximately $36 million, and has started selling, currently leaving about 78,000 HYPE tokens remaining for sale. Additionally, their 5x leveraged short position on HYPE currently has an unrealized loss expanded to $23 million, with a liquidation price of $83.34. $HYPE

[Former Ethereum Foundation researcher Dankrad Feist proposes raising $1 billion to form a new Ethereum advocacy organization] On May 22, according to The Block, former Ethereum Foundation researcher Dankrad Feist posted on the X platform proposing the establishment of a new organization aligned with the Ethereum economy to "save" Ethereum. He believes that the Ethereum Foundation currently holds less than 0.1% of ETH, with no staking or fee income streams, so the new organization needs to raise at least $1 billion, managed by competent leaders, with part of the funds coming from staking income, and driven by a more responsible board to boost Ethereum's price. Feist left the Foundation last year to join the Layer 1 network Tempo. $ETH

Today I'm talking about something even bigger. Hyperliquid has recently been doing something other exchanges haven't: on-chain pre-IPO trading of SpaceX stock. Yes, you can trade SpaceX shares on Hyperliquid before they go public. This is not a small feature. It means Hyperliquid is transforming itself from "just another derivatives exchange" into an "on-chain Nasdaq"—not only crypto assets, but also the hardest-to-access private equity in traditional finance can be traded. This is the real logic behind HYPE's 45% rise this week, not just the capital flow. Now look at today's numbers. HYPE current price $58.32, UTC today +4.25%. 24h high $62.66, 24h low $55.55. My long position is still open, entry at $46.07, target two $55+ was reached long ago, position still held. Today's 10-hour OI movement: $422.6 million → $404.2 million (04:00 low) → $420.6 million (latest) At 04:00 there was a wave of OI contraction, and the price was also at a low. Then both sides poured back in, OI rebounded $16.4 million from the low, almost back to the 10-hour high. Latest short ratio: 54.25%. Since opening this long position at around 47%, the short ratio hasn't decreased—in fact, it has increased. HYPE rose from $46 to $58 in just a few days, yet 54% of accounts are still short. Funding rate: +0.000050, slightly positive, almost negligible. These shorts have very low holding costs and can continue to hold. But the problem is: the longer they hold, the more the SpaceX on-chain narrative will ferment. Today it's SpaceX, tomorrow it could be OpenAI, the day after any unicorn. The market is re-pricing what Hyperliquid is—from a crypto derivatives protocol to on-chain financial infrastructure. This is not a short-term catalyst, it's a narrative reconstruction. For the 54% shorts, their stop-loss is just a matter of time in the face of this narrative. Keep holding the long, waiting for the $62.66 breakout. 👇 $HYPE

Speed and passion on the track! This outfit is really durable against falls!

On May 21, the handover ceremony for the Zhang Xue Champion Replica Racing Car Charity Auction was held in Guangzhou. Zhang Xue, founder of Zhang Xue Motorcycles, personally attended to complete the handover of the WSBK championship-winning replica car. At the handover ceremony, Zhang Xue announced that at the end of the season, the real No. 53 car driven by Derby will be put up for auction, with the proceeds donated to Han Hong: "At the end of the season, we will auction off our real No. 53 car, and at the same time, we will also auction off that trophy. All proceeds will be donated to Teacher Han Hong, to contribute a little of our modest strength for charity and love."

On May 21, 2026, XPeng Motors' first full-size flagship SUV GX delivered an explosive performance: within just 12 hours of launch, pre-orders exceeded 24,863 units, with the Ultra flagship version priced at 349,800 yuan accounting for over 80%, and pure electric models making up more than half. This figure not only far exceeded He Xiaopeng's expectations—he revealed in an interview that "two of the orders were bought by himself"—but also quickly prompted a response from the capital market. XPeng Group's Hong Kong stock surged over 8% intraday and closed up 5.69%, with market capitalization rebounding to 117.3 billion HKD.

【HYPE liquidations reached $33.91 million in the past 24 hours, with the largest single liquidation at $1.8 million】 In the past 24 hours, HYPE liquidations totaled $33.91 million, including $31.82 million from short liquidations and $2.08 million from long liquidations. The largest single liquidation was $1.8 million. The 7-day average liquidation amount remains at an extreme level. Today's Hyperliquid (HYPE) liquidations were mainly concentrated on Hyperliquid (45.11%), indicating that these exchanges host a large volume of active leveraged trading. $HYPE