According to HyperInsight monitoring, the Ethereum long positions held by "Maji Dage" Huang Licheng's address have narrowed their floating losses to $79,000. Previously, the floating losses had reached nearly $300,000. The address also recently added small amounts of Bitcoin and HYPE long positions, both currently showing floating losses: a 25x leveraged long position of 77,750 ETH at $1,983.28 (liquidation price $1,973.20); a 40x leveraged long position of 12 BTC at $68,287.7 (liquidation price $68,010); and a 10x leveraged long position of 12,888.88 HYPE at $29.87 (liquidation price $29.466).

Huoxun Finance News, February 22 – Jupiter's vote on "reducing the net release of future tokens to zero" officially ended today, with the community ultimately approving the proposal with 75% support. As previously reported, the proposal aims to reduce the net release of JUP tokens to zero in the foreseeable future. Specific measures include: postponing the Jupuary airdrop plan and returning 700 million tokens to the community's cold wallet multisignature address, preserving the initial airdrop snapshot; suspending the release of team tokens, with any liquidity needs being directly covered by Jupiter's balance sheet; accelerating the unlocking of Mercurial tokens and hedging selling pressure by purchasing an equivalent amount of $JUP.

According to Santiment data, XRP has just recorded its largest realized loss since November 2022, with weekly realized losses reaching $1.93 billion, indicating a concentrated panic sell-off by holders. Odaily Note: Realized losses refer to losses actually confirmed and locked when investors sell assets at a price lower than their purchase cost; the corresponding unrealized losses are merely paper losses, not yet recorded. In on-chain data, a significant increase in realized losses usually means that a large number of holders are choosing to sell while at a loss, reflecting a concentrated stop-loss or "capitulation sell-off" in the market, often accompanied by a significant weakening of sentiment. (CoinDesk)

Huoxun Finance reported on February 22nd that, according to data cited by CoinBureau, all ETH whales are now underwater. For the first time in this cycle, all major Ethereum holder groups are experiencing paper losses, including wallets holding over 100,000 ETH. While strong players (firm holders) are suffering, weak players (loose retail investors) have already exited the market.

Odaily Planet Daily reports that Jupiter's vote on "reducing future net token releases to zero" officially ended at 19:00 today, with the community ultimately passing the proposal with 75% support. Previously, Jupiter initiated a new proposal to reduce the net release of JUP to zero in the foreseeable future. The proposal primarily targets the three current sources of JUP release—the Jupuary airdrop, team share unlocking, and Mercurial allocation unlocking. Specifically: First, the Jupuary airdrop will be postponed indefinitely, with all 700 million JUP returned to the community's multisignature cold wallet for future use. Current usage and staking snapshots will be preserved. This matter will be renegotiated with the DAO when market conditions, token status, and market sentiment are more suitable. Second, the release of tokens to team members will be suspended indefinitely. As an alternative, team members will receive JUP in the form of Jupiter balance sheet debt—if any member wishes to sell their allocated tokens, Jupiter's balance sheet will directly purchase them. This move will further strengthen the JUP reserve and demonstrate the team's commitment to the future of the JUP token. Third, fully hedging against selling pressure from Mercurial stakeholders will accelerate its unlocking process and allow Jupiter to purchase an equivalent amount of tokens through its own balance sheet to absorb any shocks from potential token sales.