Social media traders, by publicly displaying large pnl and trades, drive massive speculative volume, particularly in memecoins and highly leveraged perpetuals. this creates significant price volatility, leading to rapid pumps and subsequent crashes as seen with specific examples like pepe and bonk.
The article from coindesk, a reputable source, reports on documented trends and specific examples (james wynn, bonk guy) from 2025, detailing 'billions in volume' and 'eight-figure swings' directly attributable to these social media activities.
While individual assets might experience extreme bullish pumps, the overall impact described is one of extreme volatility, characterized by 'boom-and-bust cycles' and 'brutal drawdowns,' indicating no consistent long-term direction but rather sharp, unpredictable swings.
The article emphasizes events playing out 'in real time' and 'live on the crypto twitter timeline,' with rapid 'boom-and-bust cycles' and quick liquidations, indicating immediate and short-term price movements.
Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Most Influential: The Social Media Traders Crypto Twitter’s social media traders turned their X dashboards into public PnL reality shows in 2025, sending billions in volume through memecoins and perp DEXs in real time. By Shaurya Malwa | Edited by Cheyenne Ligon Dec 11, 2025, 3:00 p.m. In 2025, some of crypto’s most powerful market movers didn’t launch protocols or run funds. Instead, they 'shitposted.’ STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The pseudonymous trader known as James Wynn became the archetype. A crypto degen who reportedly flipped a $7,000 PEPE punt into more than $25 million, then graduated to nine-figure bitcoin leverage bets on Hyperliquid, Wynn broadcasted every entry and liquidation to hundreds of thousands of his social media followers. At the top, his public Profit and Loss (PnL) metric showed around $100 million in profit; weeks later, he confessed to having “lost control" and watched about 99% of it evaporate and briefly nuked his account — a complete boom-and-bust cycle played out live on the Crypto Twitter timeline. On Solana, “Bonk Guy” (@theunipcs) played the same game with a different flavor of risk. His early BONK position ballooned from roughly $16,000 to well over eight figures on paper, turning him into the unofficial mascot of the chain’s meme revival in 2024. Screenshots of eight-figure swings, brutal drawdowns, a headline $30 million liquidation and side-quests in tokens like USELESS made him both hero and cautionary tale for a new generation of gamblers. Together, these traders turned Crypto Twitter into a live casino balcony — where influence is measured not in thinkpieces, but in how many people ape into the next trade. Social media traders are among CoinDesk's Most Influential 2025 for turning X dashboards into public PnL reality shows, sending billions in volume through memecoins and perp DEXs in real time. Crypto Twitter CoinDesk Most Influential 2025 More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Most Influential: Shayne Coplan By Helene Braun | Edited by Cheyenne Ligon 2 minutes ago Once mired in legal trouble that included federal probes and law enforcement raids, Polymarket founder and CEO Shayne Coplan has emerged victorious this year, casting off the yoke of regulatory scrutiny and growing the prediction market he founded into a $9 billion betting empire. Read full story Latest Crypto News Coinbase Taps Chainlink CCIP as Sole Bridge for $7B in Wrapped Tokens Across Chains 2 minutes ago Most Influential: Shayne Coplan 2 minutes ago Most Influential: Arthur Hayes 2 minutes ago Most Influential: Cathie Wood 2 minutes ago Crypto Trading Volumes Deteriorated Across Board Last Month as Market Slumped: JPMorgan 25 minutes ago CoinDesk 20 Performance Update: Bitcoin (BTC) Drops 3.6% as Index Trades Lower 37 minutes ago Top Stories $500M Flows MIA for Month: Crypto Daybook Americas 2 hours ago BTC, Nasdaq Futures Drop as Oracle Earnings Revive AI Bubble Fears 4 hours ago U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down 11 hours ago Gemini Approved by CFTC to Offer U.S. Prediction Markets, Stock Surges Nearly 14% 7 hours ago Revolut and Trust Wallet Launch Instant Crypto Buys in EU With Self-Custody Focus 3 hours ago Bitcoin Swings Wildly as Fed's Powell Straddles Labor Market and Inflation Issues 18 hours ago