Crypto Whale's $445M Short Forces Bitcoin Price Action, Meme Coins Surge

This weekend, the crypto market witnessed a dramatic collision between the best meme coins and Bitcoin price action. A significant move by a crypto whale trader on Hyperliquid involved opening a short position on Bitcoin worth $445 million using 40x leverage, with a liquidation price set at $86,000. This bold move occurred just as Bitcoin’s price was holding steady around the $84,000 mark.

Market participants quickly responded to this open position, launching a coordinated bull hunt. A trader named CBB led the charge, and bulls successfully pushed the Bitcoin price to $84,690. This forced the short trader to deposit $5 million in USDC to avoid liquidation. However, the bullish momentum ultimately fizzled as Bitcoin prices dipped further, currently trading at $83,358.

Interestingly, the same trader had also opened a long position on $MELANIA with 5x leverage. $MELANIA is the proprietary token of Melania Trump, the former first lady of the United States. This move hints at a changing sentiment in the crypto market, which seems to be shifting towards altcoins and meme coins.

Bitcoin has fallen around 30% from its all-time high of $110,000 in the last six weeks, and Ethereum has seen a significant decline of 50% as prices have dipped below the $2,000 mark. While some investors see this as an opportunity to add these digital assets at lower prices, others are moving towards trending cryptocurrencies like $MELANIA and $BROCCOLI. $BROCCOLI, for instance, made well over 1,000% for early investors in just a few days after its launch.

This shift in market sentiment is driven by increasing meme coin hype, which has gained significant traction. The broader meme coin market looks bullish with several positive factors, including pro-crypto regulations, legislative support, and a shift in market conditions. If you’re looking to capitalize on these conditions, here are some of the best meme coins to invest in right now.

BTC Bull Token ($BTCBULL) is a top new meme coin causing a stir in the crypto market. It is the first-ever project to offer token holders free Bitcoin. Once Bitcoin breaks out of its recent slump and reaches new highs, $BTCBULL holders will receive Bitcoin via airdrops directly into their Best Wallet. The BTC Bull Token team plans to reduce the total token supply every time Bitcoin’s price increases by $25,000, which could potentially increase the token’s demand and price. Each token is currently selling for $0.002415, and the project has so far raised $3.7 million.

Meme Index ($MEMEX) is a revolutionary crypto project that will launch the first meme indexes in the world. There will be a total of four meme coin baskets, each differing in volatility and upside/downside potential. Depending on your risk tolerance and desire for profits, you can choose one or more meme coin indexes. $MEMEX is also a great meme coin for investors looking to earn extra income through staking, offering a 562% APY. The presale has raised over $4 million, and each token is currently selling for $0.0166883.

OFFICIAL TRUMP ($TRUMP) is another notable meme coin, launched on January 17, 2025. It took the crypto market by storm, rising by over 12,000% in just a few hours. Both institutional and retail investors flocked to purchase $TRUMP, which quickly became a symbol of Donald Trump’s support for the crypto markets. Although recent tariff announcements affected the larger crypto market and $TRUMP, the token is now trading at $11.46, down from its peak of over $75. A renewed interest in $MELANIA could also boost $TRUMP’s price, as Trump’s support for crypto is expected to continue.

Meme coins can be extremely profitable investments, but they are also highly volatile and do not follow a steady curve. Investors must be prepared for significant fluctuations and should only invest an amount they are comfortable losing. It is always advisable to conduct thorough research before investing, as this article is not intended to provide financial advice.