Crypto Chronicles:Memes

1-As disastrous bets mount, a crypto whale loses more than $15 million on TRUMP transactions

According to statistics provided by Lookonchain, crypto whales that trade the TRUMP memecoin have been hammered in a significant way recently, with some of them losing millions of dollars while having gained before. This information was disclosed by the analysts in a post that was published on X on Friday, March 28. The whale sold over 743,940 TRUMP tokens, which had a value of $7.92 million, for $10.66 apiece, resulting in a loss of $3.3 million.

According to Lookonchain, the whale "only profited on his first TRUMP trade," and he went on to say that "the next three were all losses," bringing the whale's total loss to $15.7 million. As the euphoria around TRUMP memecoin seems to have subsided, as seen by the statistics, it was not only one whale who suffered a loss; a great number of others did as well.

At the beginning of March, another whale's journey with the memecoin that is supported by Donald Trump saw some rocky spots as well. When the whale made their first TRUMP trade, they made $11.82 million. However, when they made their second TRUMP trade, they lost $24.35 million, and then they dropped another $201,000 on their third TRUMP transaction.

On January 19, the price of the TRUMP memecoin reached its highest point of $73.43, after a recent surge in value that occurred when Trump referenced it on Truth Social. However, much like the value of many other memecoins, it has since dropped, and as of the time of this publication, TRUMP is trading at about $10.38, which is an 86% decrease from its all-time high.

2-With Velar's initial PerpDEX deployment, Bitcoin receives an update to its DeFi protocol

When asked about its new offering, Velar, a decentralized finance infrastructure platform that focuses on developing sophisticated trading products and user interfaces for Bitcoin-secured assets, said that it represents a new chapter in the history of Bitcoin-based decentralized finance.

The platform, which is deployed atop Stacks, a Bitcoin layer 2 platform, gives customers the ability to trade perpetual futures with leverage while still retaining full custody of their assets for themselves.

The trading pair of sBTC-USDh is the first one to be supported by the exchange, which is presently operational at perpdex.velar.com. Hermetica's USDh is the first synthetic dollar made particularly for Bitcoin DeFi. It will serve as the basic trading pair throughout the network. USDh was developed by Hermetica.

The five-second block timings, decentralization, and Bitcoin-backed finality of the Stacks blockchain are all advantages that Velar PerpDex may take use of. A native experience for Bitcoin holders is the goal of the platform, which aims to unleash new capital efficiency for Bitcoin holders by combining deep liquidity and powerful trading infrastructure with their native experience.

One of the most active components of the cryptocurrency industry is the perpetual trading sector. However, up to this point, it has remained mostly unavailable to Bitcoin users who do not depend on wrapped tokens or custodians. Through the integration of Velar with Hermetica's USDh stablecoin, this problem is resolved. This connection makes it possible for Bitcoin-native perpetual contracts to be backed by a synthetic dollar that yields.

3-As macroeconomic circumstances improve, U.S. spot Bitcoin exchange-traded funds (ETFs) continue their 10-day inflow run

Exchange-traded funds in the United States that invest in spot Bitcoin have had their daily inflow streak extend to ten straight days today, with Fidelity's FBTC and BlackRock's IBIT leading the way. According to statistics provided by SoSoValue, spot Bitcoin exchange-traded funds (ETFs) in the United States reported a net inflow of $89.06 million on March 27, marking a 10-day straight inflow run.

Fidelity's FBTC ETF, which received the greatest net inflow of $97.14 million, was the primary driver of this phenomenon. A total of $3.97 million was brought in by BlackRock's IBIT, which is the biggest spot Bitcoin exchange-traded fund (ETF) in terms of net assets, after FBTC.

The overall net daily inflows were cancelled out by withdrawals from the BTCO ETF offered by Invesco and the BTCW ETF offered by WisdomTree. The net outflows from these two ETFs were $6.95 million and $5.09 million, respectively. The daily net inflows for all other exchange-traded funds (ETFs) for March 27 were zero dollars. This includes GBTC, ARKB, BTC, BITB, HODL, BRRR, EZBC, and DEFI.

On January 17, 2025, Bitcoin exchange-traded funds (ETFs) were able to post their highest daily net inflow of 2025, which was $1.08 billion. On January 20, the day that President Donald Trump was inaugurated into office, Bitcoin reached an all-time high of $109 thousand. This occurred three days after the election.

After hitting their annual high on January 17, daily inflows continued to be mostly positive until February 10, when the period of outflows started when they began to decrease. On March 17, a persistent inflow streak began after being temporarily halted by a few modest inflows. This outflow was momentarily stopped by these inputs.

Earlier, when Bitcoin exchange-traded funds (ETFs) saw a seven-day stretch of positive inflows, Lucas from BTC Markets told TheBlock that this influx momentum signals increased confidence about improved macroeconomic prospects.

He pointed out that the Federal Reserve's shift from quantitative tightening to relaxing, together with Trump's demands for rate reduction, a more relaxed regulatory position from the SEC, and Ripple's (XRP) court triumph, all undoubtedly contributed to the growth of this mindset.

The experts at Matrixport, on the other hand, believe that Bitcoin may continue to participate in consolidation in the near future. Furthermore, continued worries about inflationary pressures and tensions around the escalation of tariffs continue to contribute to the negative impact that they have on market mood. Consequently, despite the fact that the 10-day ETF inflow streak provides reason for optimism, the overall view for Bitcoin continues to be cautious since the level of macroeconomic uncertainty remains high.

References

https://crypto.news/u-s-spot-bitcoin-etfs-extend-10-day-inflow-streak-as-macroeconomic-conditions-improve/

https://crypto.news/bitcoin-gets-defi-upgrade-with-velars-first-perpdex-launch/

https://crypto.news/crypto-whale-loses-over-15m-on-trump-trades-as-bad-bets-stack-up/