According to AltcoinGordon on Twitter, traders are actively seeking the next profitable meme coin as market enthusiasm for meme tokens remains high. Gordon's tweet highlights current retail interest in meme coins such as Dogecoin, Shiba Inu, and emerging tokens like PEPE and WIF, which continue to see elevated trading volumes and volatility. This trend reflects a growing appetite for short-term gains in the crypto market, with meme coins often experiencing rapid price swings that can offer both high risk and substantial returns for active traders. Monitoring social sentiment and real-time trading volume is crucial for those looking to capitalize on meme coin momentum. Source: AltcoinGordon on Twitter, June 2, 2025.

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.