According to Lookonchain, a dormant crypto 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, earning over $2.4 million in just four hours. This trading activity signals significant bearish sentiment and demonstrates that large capital movements to decentralized derivatives platforms can quickly impact market volatility and price direction for major altcoins and meme tokens. Traders should monitor whale wallet activity closely for early signals of rapid price movements. (Source: Lookonchain on Twitter, May 17, 2025)

According to @EmberCN on Twitter, a well-known trader who recently closed a profitable BTC short has now initiated a $4.02 million short position in WIF at 10x leverage on Hyperliquid, with an entry price of $1.15 and a liquidation price of $1.19. Historical data from the past few months shows this trader has a high win rate on BTC and ETH trades but lower performance on altcoins, likely due to higher leverage and greater volatility in these markets (source: Twitter/@EmberCN). This move signals heightened short-term volatility for WIF, and traders should monitor position sizing and leverage risk, especially in altcoin markets.