Cointime

Download App
iOS & Android

KOL Hanbalongwang Responds to Sat1 Call Event: Will Sell Holdings to Compensate Users for Losses

On May 9, renowned KOL Hanbalongwang posted on X in response to the 'sat1 call event.' He stated that he participated solely as a trader and has no affiliation with the sat1 token project itself. The call for sat1 was only voiced within a group, and other groups amplified its influence through sharing, hoping to create liquidity. The reason for the call was to encourage sat1 to surpass sato for mutual profit, but he underestimated the level of PVP in the primary market, which failed to create a collective force. His current holdings are approximately at break-even, with a cost of 565 ETH, currently valued at 543 ETH. He stated the following regarding the handling of the call event: he will immediately sell all his sat1 holdings, and the ETH obtained will be used to compensate users who incurred losses from the call. He will no longer prove his profit or loss and will withdraw from the internet after the event is resolved. According to GMGN market data, as of the time of publication, sat1's market capitalization is reported at $1.2 million, having previously peaked at $8.4 million.

Comments

All Comments

Recommended for you

  • U.S. Government Ethics Office: Has Received Trump's Public Financial Disclosure Report

    On June 30, the U.S. Office of Government Ethics (OGE) announced that it has received President Trump's public financial disclosure report. Trump's financial disclosure report is currently under review, and related documents will be published once they are available for download.
  • BlackRock Deposits 4,385 BTC and 30,725 ETH into Coinbase

    On June 30, according to monitoring by Onchain Lens, BlackRock deposited 4,385 BTC (approximately $260 million) and 30,725 ETH (approximately $48.6 million) into Coinbase, with the possibility of further increasing its position. Combining this with on-chain tracking data from June 29, BlackRock has deposited a total of 11,817 BTC (approximately $706 million) into Coinbase over the two-day period.
  • IMF Financial Advisor Adrian: Positive Earnings Surprises Are Not a Bubble Characteristic

    On June 30, IMF financial advisor Adrian stated that the valuation pressure on artificial intelligence stocks has recently eased. Positive earnings surprises are not indicative of a bubble.
  • S&P 500 Futures Rise 0.2%, Reaching Intraday High

    On June 30, S&P 500 futures increased by 0.2%, reaching an intraday high.
  • SK Hynix Submits Nasdaq Listing Application

    On June 30, according to market news, SK Hynix submitted its application for listing on Nasdaq. On June 24, SK Hynix announced plans to raise up to 45 trillion won (approximately 29 billion USD) through an ADR listing. The American Depositary Receipts (ADR) are set to be listed in July. The proceeds will be used to build a factory in South Korea and purchase EUV equipment.
  • Bernstein Raises SanDisk (SNDK.US) Price Target from $1700 to $3000

    On June 30, Bernstein raised the price target for SanDisk (SNDK.US) from $1700 to $3000.
  • Study Shows Weak Hiring Hits Young American Workers Harder Than AI

    On June 30, a new study from the St. Louis Federal Reserve indicated that in the United States, the primary cause of unemployment among young people is a lack of job vacancies rather than a deficiency in artificial intelligence skills. From April 2023 to December of the previous year, the unemployment rate for those aged 18 to 24 rose by 2.9 percentage points due to insufficient job openings. In contrast, the increase in unemployment attributed to employers shifting towards AI-related positions and requiring specialized skills was only 1.1 percentage points. Although the impact of AI remains significant, the former's effect is more than twice that of the latter. The study's authors stated, 'Since April 2023, hiring activity has slowed, and young workers (especially newcomers to the job market) have felt this weakness most acutely. For those just entering the labor market (particularly recent college graduates), AI poses an additional obstacle, but its impact is still smaller than the overall reduction in job vacancies.'
  • Xiaomi Group (1810.HK) Repurchases 4.5 Million Class B Shares for HKD 97.4 Million on June 30

    On June 30, documents from the Hong Kong Stock Exchange revealed that Xiaomi Group (1810.HK) repurchased 4.5 million Class B shares at a cost of HKD 97.4 million.
  • Wells Fargo Raises AMD (AMD.US) Price Target from $505 to $615

    On June 30, Wells Fargo raised the price target for AMD (AMD.US) from $505 to $615.
  • Global Billionaires Reach 3,302 as Wealth Continues to Grow

    As of June 30, data from UBS Group shows that driven by significant growth in the United States and Asia, the number of billionaires worldwide surged by approximately 13.1% over the past year, reaching a record 3,302. In the 'Global Wealth Report' released by Switzerland's largest bank on Tuesday, it was noted that the total assets of billionaires grew by 25% in the year ending April 2026, a rate that outpaces the overall growth of global wealth. The bank's records indicate that 18 individuals have fortunes between $50 billion and $100 billion, while 19 individuals have assets exceeding $100 billion, with 15 of them located in the United States.