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A crypto whale who lost $168.6K on Official Trump (TRUMP) is back deploying millions, but this time avoiding the presidential meme coin entirely. The trader, whose address begins with 2WfeaM, previously made $368.5K on Fartcoin (FARTCOIN) but lost $168.6K on TRUMP, per data from Lookonchain. On June 10, approximately 8 AM Coordinated Universal Time (UTC), he spent 2M USDC to buy Fartcoin again, but didn’t buy any TRUMP this time. Fartcoin swap transaction details. Source: Solscan.io The trader’s wallet shows consistent $2M position sizes across multiple meme coin swaps over the past 20 days, including transactions with Fartcoin, Official Trump, and Wrapped Sol (WSOL). TRUMP becomes worst performer amid Musk feud The whale’s caution appears well-timed as the presidential meme coin has faced significant turbulence recently. In fact, Official Trump became the worst-performing cryptocurrency among the top 100 by market capitalization as a public fe...

A crypto trader on the platform Hyperliquid named James Wynn has opened a nearly $1 billion short bet against Bitcoin with 40x leverage, while Michael Saylor hints at another Strategy BTC buy. According to a May 25 X post by on-chain analytics platform Lookonchain, Wynn “opened a $BTC short position of 1,038.7 $BTC($111.8M) at $107,711.1 an hour ago, with a liquidation price of $149,100.” With this recent trade, Wynn has put almost his entire wallet, which holds nearly $50 million, on the line. Wynn Closes His Massive Bitcoin Long Position At A Loss  The move by Wynn comes just hours after the trader closed a massive long bet.   With that long bet, Wynn opened a $1.25 billion position with 40x leverage as well. He even predicted that Bitcoin would soar to $110K on May 24 Saturday. I think $BTC shoots to $110k today — James Wynn 🐳 (@JamesWynnReal) May 24, 2025 However, Bitcoin’s price only rose from around $107,300 to about $108...

Despite being seen as the pro-crypto candidate of the 2024 election, thus far, Donald Trump’s second presidency has had its fair share of controversies regarding the cryptocurrency market. Perhaps the most significant of these was the launch of Official TRUMP (Trump), the president’s very own meme coin. Released on January 17, just days before the inauguration, TRUMP quickly skyrocketed, reaching an all-time high (ATH) price of $44.28 per token on January 21, as well as a market capitalization of roughly $14.7 billion. The frenzy was short-lived. By the end of January, Official TRUMP was changing hands at a price of $24.05, and has been on a steady downward trajectory ever since. At press time on March 28, the president’s meme coin was trading at a price of $10.18. Picks for you Crypto market erases $100 billion in 24 hours ...