SoSo Daily Jul 12 | Multiple whale addresses have opened high-leverage short positions on ETH on Hyperliquid in the last 24 hours.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 23:50 on July 11, 2025, according to sosovalue, the top five gainers are:
Top 1 gainer is MemeCore. As of 23:50 today, its market cap is 1.32B USD, with a coin price of 0.83517 USD, witnessing a 24-hour increase of 91.4%.
The second is IguVerse IGU. As of 23:50 today, its coin price is 0.0012822 USD, with a 24-hour increase of 50.7%.
The third is Humanity. As of 23:50 today, its coin price is 0.078223 USD, showing a 24-hour increase of 49.2%.
In fourth place is Portal. As of 23:50 today, its coin price is 0.063880 USD, with a 24-hour rise of 43.9%.
In fifth place is WiFi Map. As of 23:50 today, its coin price is 0.0043000 USD, increasing by 42.7% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
Acccording to sosovalue, out of 15 sectors, 13 are up and 3 are down. Notably, PayFi, NFT, and RWA sectors are worth mentioning.
PayFi sector has risen 6.98% relative to the UTC 0 time, led by gains in XLM (18.7%), XRP (7.25%), and KASTA (6.06%).
NFT sector has increased 6.95% relative to UTC 0, with PENGU (23.3%), MINT (16.4%), and TALK (13.6%) leading the rise.
RWA sector has fallen 2.41%, with PROPC (-9.84%), LTO (-6.92%), and MKR (-6.21%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

On July 12, according to Lookonchain monitoring, 0x8c58 deposited 3.74 million $USDC into Hyperliquid in the past hour and shorted 18,394 $ETH with 15x leverage (position value of $54.30 million).

0x2258 deposited 3.25 million $USDC 16 hours ago and shorted 16,219 $ETH with 25x leverage (position value of $48.00 million).

0xec4b shorted 13,845 $ETH with 15x leverage (position value of $41.07 million). [BlockBeats]

Next news:

On July 11, according to market information, Upexi Inc (UPXI) rose 6% during the session and is now quoted at $5.3199.

Previous news stated that Upexi announced the completion of a $200 million financing for increasing its holdings of SOL.

[BlockBeats]
Next news:On July 11th, according to the official announcement, Tether will discontinue USDT support for Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand on September 1, 2025. The announcement states that this move is part of a broader effort to optimize infrastructure, align with community usage trends, and refocus resources on high-utility, actively developed blockchains. [BlockBeats]
Next news:Grayscale protests the SEC's delay in listing its multi-asset crypto ETF GDLC, stating that the suspension order lacks a legal basis and has harmed investors' interests. GDLC plans to hold $BTC, $ETH, XRP, $SOL, and ADA, with $BTC accounting for approximately 80%. If approved, it would be the first multi-asset crypto ETF in the United States. Grayscale stated that it had constructive discussions with the SEC and believes that the delay is more likely due to procedural reasons. [CoinDesk]
Next news:Binance Alpha announces the listing of Chainbase (C) on July 14. Eligible users can claim the airdrop through Binance Alpha points on the Alpha event page after trading opens. [Foresight News]
Next news:The official X account of stablecoin project Plasma was suspected of being hacked and phishing links were posted. Please pay attention to security. [Foresight News]
Next news:Inception, a restaking protocol built on EigenLayer, has announced that it will cease operations. The announcement stated that Inception has not found a suitable product-market fit in the past two years. In addition, the lack of liquidity rewards in shared security has made it impossible for the protocol to continue. According to crypto data platform RootData, Inception announced the completion of a $3.50 million seed round in January this year, with participation from London Real Ventures, Gallet Capital, Metazero Capital, Kinetic Kollective, Zephyrus Capital, DSRV, Dewhales, Connectico Capital, Unreal Capital, Absoluta Digital, and others. [ChainCatcher]
Next news:According to DL News, the "Genius Act" passed by the U.S. Senate is drawing attention from the banking and legal sectors. The bill grants stablecoin holders priority claim to their backing assets in the event of bankruptcy, potentially putting traditional banks and other customers at risk. [Foresight News]
Next news:According to Zhitong Finance, Greenland Holdings issued an announcement regarding abnormal fluctuations in stock trading. Recent media reports indicate that its Hong Kong subsidiary is involved in virtual asset-related matters. After the company's self-inspection, the subsidiary's operating income in 2024 accounted for less than 1% of the company's total operating income, which does not have a significant impact on the company's production and operation. [Foresight News]
Next news:On July 11, according to GlobeNewsWire, MicroCloud Hologram Inc. (NASDAQ: HOLO) announced today that it has purchased up to $200 million in Bitcoin and cryptocurrency-related securities derivatives, with cumulative investment income reaching $34.02 million as of July 11. The company currently holds $394.00 million in cash reserves and plans to use the funds for cryptocurrency investments and cutting-edge technology research and development related to Bitcoin blockchain, quantum computing, quantum holography, and AI-enhanced reality. [Deep Tide TechFlow]

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.