On May 26, a pseudonymous onchain trader exited an ether short worth over $100 million for a $260,000 loss, then moved into a 20x leveraged bitcoin long sized at $13.43 million. The new position represents 175.04 BTC at $76,662, implying liquidation risk on roughly a 5% adverse move. At the time of the trade, ETH was at $2,090.55 and BTC was at $76,662.

Hyperliquid said on May 26 that it has introduced "canonical" prediction markets for real-world offchain events, with outcomes published by automated newsfeed software operated by its validators. The platform reported more than $5.5 billion in TVL and $170.29B in perpetual futures volume over the past 30 days, while HYPE traded at $59.71. Separately, HYPE ETFs posted $72.4M of inflows in their first week as bitcoin ETFs saw $1.26B of outflows over the same period.

Ondo Finance said on May 26 that founder and CEO Nathan Allman died unexpectedly, and appointed Ian De Bode as chief executive effective immediately. After the update, ONDO fell 4.47% to about $0.42 over 24 hours, while the protocol reported roughly $3.79 billion in TVL across 12 chains.

An onchain-tracked wallet (0x50b3) opened a 23x leveraged ETH short on Hyperliquid totaling $100.33 million in notional exposure. The position covers 47,604 ETH with an implied entry near $2,109 and would be liquidated if ETH reaches $2,149.84, about $41 higher. The wallet owner's identity has not been established.

HYPE climbed to a new all-time high of $64.21 on May 24 as a Hyperliquid whale began reducing a short under pressure. The wallet unstaked 443,180 HYPE (about $27M) and had sold 231,899 HYPE (about $14.15M) at press time, with 211,281 more tokens (about $13M) still being offloaded. The trader also retained a 141,500 HYPE short valued at about $8.67M.

On May 25, two unrelated Bitcoin wallets that had been inactive for more than a year transferred a combined 1,650 BTC to institutional prime brokerage Falconx. The amount was valued at about $127 million at the time, with BTC trading near $77,000. The move drew attention because Falconx typically supports institutional custody, lending, and OTC-style execution rather than retail spot selling.

A wallet analysts link to BitMEX co-founder Arthur Hayes sold 115,453 HYPE at an average of $54.81 and later repurchased 85,714 HYPE at $62.69 per token. The transactions followed a May 23 deposit to Bybit and came as HYPE set a $64.24 all-time high on May 24, 2026. Hayes has reiterated a $150 target for August 2026, while the attribution of the wallet remains unconfirmed by him.

Ethereum co-founder Vitalik Buterin says many smart contract wallets and privacy tools still rely on third-party relays to get transactions included onchain, creating potential censorship and reliability risks. He points to FOCIL and EIP-8141, slated for the Hegota upgrade in late 2026, as a path to route transactions through the public mempool with a randomized validator inclusion model and a one-to-two slot inclusion target.

A wallet linked to Arthur Hayes transferred 115,453 HYPE valued at about $6.33 million to Bybit on May 23. The same address previously withdrew the same amount from Bybit roughly one month earlier at $39.58 per token, creating a sharp contrast with Hayes' public view that HYPE could reach $150.