According to Lookonchain, a previously dormant whale reactivated after four years, withdrawing 2.96 million USDC from Coinbase and transferring it to Hyperliquid. The whale then opened high-leverage short positions on ETH, PEPE, WIF, and OP, making over $2.4 million within just four hours (source: Lookonchain, Twitter, May 17, 2025). This significant and swift profit highlights increased bearish sentiment and potential short-term downside risk for these tokens, signaling a need for traders to closely monitor market volatility and possible follow-on selling pressure. Such large-scale leveraged moves can also impact liquidity and trigger cascading liquidations in the broader crypto market.

According to Mihir (@RhythmicAnalyst), an expanding triangle pattern has been identified in WIF coin. This technical pattern is significant for traders as it suggests potential volatility and price movement, remaining valid as long as the price does not make a new low. This information is crucial for those monitoring $WIF for potential breakout opportunities.