Large Ethereum holders acquired more than $350 million worth of ETH during the recent market downturn. One newly created wallet accumulated 20,000 ETH totaling approximately $70 million through Kraken, while another entity purchased $206 million in AaveETH via Galaxy Digital's OTC desk, data show. A separate address obtained 24,007 ETH exceeding $82 million during the same period.

Cypherpunk Technologies purchased 203,775 ZEC tokens valued at approximately $50 million, according to a company statement released Wednesday. The acquisition followed a $58.9 million capital injection from Winklevoss Capital. The firm, formerly Leap Therapeutics, acquired the tokens at an average price of $245 per coin and aims to accumulate at least 5% of Zcash's maximum 21 million token supply.

Nasdaq-listed Leap Therapeutics has rebranded as Cypherpunk Technologies and deployed $50 million to acquire 203,775.27 ZEC at an average price of $245.37, according to a company disclosure. The company will begin trading under the ticker CYPH on November 13, 2025. ZEC has declined 33% over two days from its $713 peak, despite the acquisition representing a 93% unrealized gain.

XRP recorded an extreme liquidation event with short positions accounting for $690,370 in forced closures compared to $11,320 from long positions, creating a 5,999% imbalance. The total liquidation reached $701,690 within a four-hour period as the price moved to $2.45, according to CoinGlass data.

Grayscale introduced options trading for its Solana ETF (GSOL) on November 11, 2025, expanding regulated institutional access to SOL. Options volume rose 52% to $2.71 million and open interest climbed 29% to $1.34 million, data show. Spot Solana ETFs recorded their eleventh consecutive day of inflows, adding $7.9 million.

Chainlink's LINK token dropped 3.3% in 24 hours despite Bitwise's proposed Chainlink ETF appearing on the DTCC eligibility list under ticker CLNK. The listing represents a procedural milestone toward potential launch, though SEC approval remains pending. A 42-day government shutdown has stalled crypto ETF reviews, creating a backlog of applications.

Wallets connected to bankrupt Alameda Research and the FTX estate released approximately 193,000 SOL tokens valued at around $30 million on November 11, 2025, according to analyst MartyParty. The unlock continues a structured vesting schedule that has been distributing tokens to the estate since early 2024. Despite the release, Solana traded near $157.90 with an $87.5 billion market capitalization, showing relative stability.

Canary Capital will debut the first US-based spot XRP exchange-traded fund on November 13, providing full exposure to the asset. Two AI platforms predict an immediate price surge to approximately $3.00 following the launch, followed by a sharp correction toward $2.00–$2.20 as traders secure profits. The projections cite historical sell-the-news patterns observed in Bitcoin and Ethereum ETF launches.