In a dramatic turn of events in the cryptocurrency market, a prominent whale made significant trading moves involving $TRUMP and $PEPE, as reported by Lookonchain on May 11, 2025. Just two hours prior to the report at approximately 10:00 AM UTC, the whale initiated a long position on $TRUMP, a meme coin often tied to speculative sentiment around political themes. However, the trade quickly turned sour as $TRUMP experienced a sharp price drop of over 12% within the next 30 minutes, falling from $0.045 to $0.0395 by 10:30 AM UTC. This rapid decline forced the whale to close the position prematurely, resulting in a partial liquidation of their holdings. On-chain data tracked via hypurrscan.io revealed the whale incurred a notable loss on this trade, though exact figures remain undisclosed in public reports. Undeterred by the setback, the whale pivoted to another high-risk opportunity by opening a 10x leveraged long position on $PEPE, another popular meme coin, shortly after at around 11:00 AM UTC. As of the latest update at 12:00 PM UTC, this position has yielded an unrealized profit of $81,000, with $PEPE trading at $0.0000082, up 8.3% from the entry point of $0.0000076, showcasing the volatile yet potentially lucrative nature of meme coin trading.

The trading implications of this whale’s activity are significant for retail traders and market watchers looking to capitalize on momentum in meme coins like $TRUMP and $PEPE. The swift liquidation on $TRUMP highlights the inherent risks of leveraged positions in highly volatile assets, especially during periods of low liquidity. Trading volume for $TRUMP spiked by 35% to $12.4 million in the hour following the whale’s exit at 10:30 AM UTC, suggesting panic selling and potential capitulation among smaller holders. Conversely, the whale’s aggressive 10x long on $PEPE appears to have coincided with a surge in buying interest, as $PEPE’s 24-hour trading volume increased by 28% to $850 million by 12:00 PM UTC, according to data from CoinGecko. This move could signal confidence in $PEPE’s short-term bullish momentum, potentially driven by social media hype or broader meme coin market trends. For traders, this presents a high-risk, high-reward opportunity to follow the whale’s lead with tight stop-losses, as leveraged positions can amplify losses just as quickly as gains. Additionally, monitoring on-chain activity for further moves by this whale could provide early signals for entry or exit points in $PEPE or related pairs like $PEPE/ETH, which saw a 5% uptick to 0.0000032 ETH by 12:00 PM UTC.

From a technical perspective, $TRUMP’s price action shows a clear breakdown below its 50-hour moving average of $0.042 at 10:15 AM UTC, with the Relative Strength Index (RSI) dropping to an oversold level of 28 by 10:30 AM UTC, indicating potential for a short-term rebound if buying pressure returns. Meanwhile, $PEPE remains above its 50-hour moving average of $0.0000078 as of 12:00 PM UTC, with an RSI of 62 suggesting room for further upside before entering overbought territory. On-chain metrics reveal a 15% increase in large holder transactions for $PEPE between 11:00 AM and 12:00 PM UTC, aligning with the whale’s entry and signaling potential accumulation by other big players. Market correlations also play a role, as meme coins like $PEPE and $TRUMP often move in tandem with broader crypto sentiment. During this period, Bitcoin (BTC) held steady at $60,800 with a minor 0.5% dip by 12:00 PM UTC, while Ethereum (ETH) gained 1.2% to $2,950, per CoinMarketCap data. This stability in major assets likely provided a conducive environment for speculative trades in altcoins. For traders, keeping an eye on $PEPE’s resistance level at $0.0000085 and $TRUMP’s support at $0.038 could offer critical insights for scalping or swing trading opportunities in the next 24 hours.

While this event is primarily crypto-focused, it’s worth noting the indirect correlation between meme coin volatility and broader financial market sentiment. Meme coins often attract speculative capital during periods of risk-on behavior in stock markets, particularly in tech-heavy indices like the Nasdaq, which saw a modest 0.3% gain to 16,400 points by the close of trading on May 10, 2025, based on Yahoo Finance data. Such movements can influence retail investor appetite for high-risk assets like $PEPE and $TRUMP. Institutional flows between traditional markets and crypto remain limited in direct impact here, but the whale’s aggressive leveraged trading reflects a broader trend of risk-taking that could spill over into crypto-related stocks or ETFs if meme coin mania persists. Traders should remain cautious of sudden sentiment shifts that could trigger cascading liquidations across leveraged positions in these volatile tokens.