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Crypto news today is full of twists, panic, and presale gold. In the last 24 hours, Bitcoin fell below $110,000, hit by a whale offloading 25,000 BTC worth $2.7 billion. The crash caused $664 million in liquidations, with long positions getting wiped out across exchanges.
Yet while BTC bled, Ethereum surged to a new all-time high, briefly touching $4,900 before settling above $4,600. Solana also spiked past $200 after a $400 million corporate treasury announcement, adding more fuel to the Layer 1 rotation narrative.
Meme coins like TROLL started climbing again, but this time, they weren’t alone. A much quieter project – Bitcoin Hyper – passed $12.1 million raised in its presale.
As traders ditch hype for infrastructure, Bitcoin Hyper’s Layer 2 angle on BTC is starting to pull serious interest. With just hours left before its next price jump, it’s one of the day’s most-watched tokens.
Whales Trigger Chaos With $664M Liquidated
A seven-year-old BTC wallet started the chain reaction, moving 22,769 BTC into 472,920 ETH over five days. The same whale then opened a $577M long position on ETH, triggering massive volatility across both majors.
When the dust settled, more than $664 million was liquidated, including $237 million in BTC longs. CoinGlass data showed leverage was sky-high right before the dump – suggesting many traders walked into the trap.
Analysts say this wasn’t panic. It looked like a calculated rotation into Ethereum, likely front-running institutional flows or an ETF move.
For Bitcoin, the support levels are thinning fast. Momentum traders are waiting for signs of strength, but so far, it’s Ethereum leading the charge while BTC consolidates under pressure.
Ethereum Breaks ATH as Whales Flood In
Ethereum was the standout winner of the day, hitting $4,900 before cooling off slightly. A single wallet grabbed 135,265 ETH just before the pump, valued at over $617 million.
Analysts believe this wasn’t an isolated buy – it was part of a larger accumulation wave, with wallets holding over 10,000 ETH now at their highest level since January.
Ethereum’s deflationary burn, upcoming ETF hype, and growing staking rewards are pulling capital away from BTC and into ETH.
Even with today’s surge, traders believe Ethereum has room to run. If it closes above $4,600 consistently, eyes are on the psychological $5,000 breakout, which could set the tone for the rest of Q3.
LIBRA Founder Accused of Sniping Kanye’s YZY Token
The Kanye West token launch ended in controversy after blockchain sleuths tied the top buyer to Hayden Davis, LIBRA’s founder. Wallets connected to Davis allegedly funneled funds through multiple chains to grab $12M worth of YZY before the public listing.
Bubblemaps traced the buys and linked them to past LIBRA activity. The result? Accusations of insider sniping and stealth team wallets, once again raising trust issues in meme launches. LIBRA hasn’t responded, and YZY continues to trade as hype spreads.
But for many traders, it’s a reminder that even with KYCed teams and Telegram hype, launch ethics are still murky in the meme world.
Solana Pops as Sharps Tech Builds $400M SOL Treasury
Solana flipped bullish after Sharps Technology announced a $400M PIPE deal to build the world’s largest SOL treasury. The company will buy $50M in SOL at a discount, with the rest committed to growth and R&D.
Backers include Pantera, ParaFi, and Monarch Capital, giving it real weight in the institutional space. Solana’s price jumped above $200 on the news, reclaiming levels not seen in months. This isn’t just a short-term pump.
Traders say it’s the strongest treasury signal since MicroStrategy started its BTC purchases. The ecosystem has also benefited from stable uptime and developer growth, positioning it well for Q4.
Bitcoin Hyper Presale Surges Past $12M With Layer 2 Hype
While major tokens moved violently, Bitcoin Hyper quietly crossed $12.1 million in presale, with just hours left before the next price increase.
It’s a Layer 2 network built on Bitcoin, powered by Solana’s Virtual Machine (SVM) to bring faster speeds and lower fees to the BTC ecosystem.
Users can stake, bridge, and swap assets across chains, all while syncing back to Bitcoin’s security layer. The $HYPER token offers staking rewards of around 199 tokens per ETH block and has a treasury-focused allocation to support growth: 25% to treasury, 20% to marketing, and 30% to development.
At its current presale price of $0.012805, some investors see it as a safer infrastructure bet, especially as the rest of the market stays volatile.
With Solana tech and BTC roots, Bitcoin Hyper may be the most overlooked breakout token of the week.