A newly created wallet placed $4 million in USDC on Hyperliquid and opened a 3x leveraged short on Solana, aligning with a broader bearish market structure as SOL trades below key price levels. While price action remains confined in a descending channel with RSI near 23 and support around $90, derivatives data show top traders still heavily positioned long, creating a potential setup for further downside and long liquidations.

On February 5, Hyperliquid's HYPE token climbed 6.2% after the project confirmed an integration with Ripple's technology stack, helping it outperform a broadly weaker crypto market. Over the same 24-hour period, XRP slid close to 11% amid risk-off sentiment, derivatives liquidations, and pressure on other major altcoins, even as Ripple-related developments supported other areas of the ecosystem.

Zcash traded around $245 after losing the $300 support level, with price action drifting toward the $240–$244 area that now forms a key short-term floor. If this zone fails to hold, the next potential downside region sits in the $200–$210 band, while any rebound faces resistance between $260 and $280 and a major hurdle at $300.

On Feb. 3, chart analyst Crypto Patel said Dogecoin has revisited the $0.10–$0.06 demand zone, portraying it as re-accumulation and a cycle reset after a steep retrace. He outlined upside targets at $0.50, $1.50 and $4.00 with invalidation on a weekly close below $0.06. Patel also cited prior bursts of +17,000% in 2021 and +600% in 2024; DOGE was at $0.09857 at press time.

On February 6 2026 Bitwise disclosed an SEC filing to launch an exchange-traded fund focused on Uniswap's UNI token, aiming to provide exposure through conventional brokerage accounts. The proposed ETF would hold UNI as its primary asset without staking, use Coinbase Custody Trust Company as custodian if approved, and arrives amid growing U.S. interest in crypto ETFs and ongoing market volatility.

Retail credit withdrawals on NEXO fell from $136.63 million in January 2025 to $22.04 million by November, then stabilized near $23.957 million in December 2025 and $23.965 million in January 2026. According to CryptoQuant/X, Aave's ETH borrowing peaked near 1.2 million in mid-2025 before easing toward 300,000 by early 2026, while NEXO broke below $0.901–$0.947.

Arthur Hayes transferred about 3.63 million ENA, worth roughly $487K, to Galaxy and Binance while the token traded under pressure near a key support area. ENA remains inside a descending regression channel around $0.130, with downside momentum fading as buyers absorb new exchange supply and a large cluster of short liquidations sits above spot.

Polygon finished the fourth quarter of 2025 with a sharp rise in on-chain usage, led by payments, stablecoin flows, and tokenized real-world assets. The network handled about $3.50 billion in payment transfers and nearly $363 million via ten Mastercard and Visa card programs, while RWAs approached $1.10 billion and stablecoin supply neared 3 billion. MATIC's price, however, remained range-bound despite higher activity and a 44% increase in average daily DEX volume.