Memecoins also remain consistent after the financial shock

Over the past five years, the crypto market has moved at the same pace as risky stocks. However, the recent collapse seems to reflect a shift in trend, with tokens becoming more independent. This is a hopeful context in which so-called memecoins are behaving like mature assets.

In this regard, Wall Street's major indices are suffering significant setbacks, especially on Thursday and Friday. For example, the Russell and Nasdaq are officially in a technical bear market, and the SP500 is in a deep correction that will soon lead it down the same path.

Meanwhile, meme coins are in a particularly different situation, with a return of +0.36% over the last 24 hours. Meanwhile, on a weekly basis, they're down -3.98%, much less than the Wall Street routs during the trading week that closed this Friday.

It's important to note that the bullish performance of memecoins versus Wall Street doesn't mean these tokens are in a good place. In fact, the overall market capitalization of this sector is at -65.86% compared to the December 2024 high of $137.06 billion. This shows that the performance of meme coins, despite the shortfall, is now more consistent than the Nasdaq.

What to expect from memecoins in the short term?

Despite the outperformance of meme coins in recent hours, that doesn't mean they have a bullish outlook. In fact, the outlook for these tokens remains negative, even in the short term, judging by their poor performance in recent months.

However, hope remains that these tokens will resume their upward trend. This depends largely on what happens to the Bitcoin price in the coming hours.

The largest cryptocurrency is leading the rebellion against the sector's correlation with the Nasdaq 100. While some experts claim there is a correlation break, others claim it is merely a lag and that BTC's fall will not be long in coming.

The direction of meme tokens depends largely on the latter. Another factor to consider is that these tokens are in a remarkably low position, which means they could, to a certain extent, fall into the category of cheap buys. However, in highly volatile assets, a very low price is no guarantee of a cheap buy.

However, while Bitcoin is showing its independence, memecoins are also doing the same against traditional markets.

Report: Bitcoin whales maintained buying levels throughout the week

This week was one of the most atypical in recent years in the financial world. Shares on major global exchanges plummeted in the face of the start of Donald Trump's trade war. However, Bitcoin whales held firm, and a sell-off was avoided.

This demonstrates that BTC's maturity is reaching new levels thanks to the presence of new institutional players. Furthermore, the perception of the cryptocurrency as a reserve asset is strengthening, and enthusiasm for a likely short-term price recovery has emerged in recent hours.

In this context, large wallets, or whales, play a key role. If these investors maintain their commitment to buying coins instead of taking profits, the cryptocurrency bull market could continue. In this article, as usual, we review the trading activity of Bitcoin whales during the week.

For this report, we analyze inflows and outflows on exchanges, as well as trading among Wall Street portfolios with BTC ETFs. If you'd like to understand the sentiment of these large holders, we invite you to continue reading. These are the points reviewed:

Weekly whale activity.

Trading the big Wall Street portfolios.

Most recent whale movements.

Bitcoin whale activity during th

As mentioned, this week was truly atypical due to the Trump tariffs going into effect. Furthermore, Bitcoin's reaction so far hasn't been as expected. Basically, large wallets, or whales, maintained their buying momentum.

Meanwhile, retailers also continued some selling, although it slowed, allowing the price to recover some ground. Although there was strong volatility, it was different from previous weeks, a very different story from what happened with stocks, especially technology stocks.

In any case, Bitcoin whales took a chance and opted for purchases, as data from WhaleBot Alerts shows. After the magnitude of the White House tariffs on global trade became known, some whales made significant moves toward exchanges. For example, an investment of 7,711 bitcoins moved to Binance.

Transactions of 1,000 bitcoins or more also moved to Kucoin, Coinbase, OKX, and Kraken on the same day on Wednesday. But the largest movement was a transfer of 18,470 BTC to Bitstamp. The following day, a transaction of 3,437 BTC entered Binance. All of this caused BTC to drop sharply, but from this point on, things calmed down relatively.

18,002 BTC left Coinbase in two transactions on Thursday, while 7,610 BTC left Binance. From then on, BTC stabilized while Wall Street behaved like a memecoin market. On Friday, there were more than a dozen transfers of between 1,000 and 2,000 BTC each, most of which went to exchanges, i.e., for potential sale.

Trading the big whales of Wall Street

On the other hand, the situation was also unusual among Bitcoin whales who trade indirectly through spot ETF stocks. First, it should be noted that the week was negative, so the stocks of these products moved at a pace similar to that of Wall Street.

According to data from Farside Investors, spot BTC ETFs saw outflows of $383.1 million. Wednesday was the only day of positive inflows, with $218.1 million. It can be said that these funds performed in a balanced way between the decline in equities and the consistency of digital currencies in the spot market.

The behavior of these particular Bitcoin whales going forward will depend on how the environment unfolds this weekend.

Most recent whale movements

In recent hours, nervousness seems to be returning to the cryptocurrency world. The possibility that BTC and stocks will once again sync up with their usual correlation is leading many investors to take precautionary measures.

Thus, the most recent whale trading data shows some large transactions to exchanges. For example, a transaction of 3,269 BTC entered OKX this Saturday. This was followed by five other transactions of less than 400 BTC to other exchanges.

It is important to note that whale trading is interpreted according to the direction of large coin shipments.

Thus, transactions entering exchanges are often considered potential sales, given that the coins are closer to the exchange market. Meanwhile, coins leaving exchanges are further from potential sales and are therefore interpreted as accumulation or bullish transactions.