Business revenue is $ 6.8m from BTC, ETH bets placed before the Trump Crypto Reserve post
A crypto whale that set the road -50x leverage long position in Bitcoin and Ether before US president Donald Trump announced a strategic reserve has benefited nearly $ 7 million from trading.
The whale deposits $ 5.9 million in USD coin (USDC) to Decentralized Derivatives Exchange Hyperliquid on March 1 to place long position, According to On the crypto analytics platform hyperdash.
The whale placed their first Ether (Eth) Long position on March 2 and 2:49 pm UTC. Thirty -five minutes later, Trump announced the Crypto strategic reserve – almost immediately causing a Bursting on market prices.
Around $ 4 million was used to create $ 200 million worth of positions with 50x leverage. The whale ether positions from the Ethereum Wallet Address “0xe4d … 02C62” began to close 16 minutes after Trump’s announcement, with some thinking about whether insider’s trade was involved.
The whale began to close some long positions shortly after Trump’s announcement. Source: Source: Hyperdash
The first bitcoin (Btc) The long position, however, was placed on March 1 at 10:44 pm UTC, when Bitcoin traded around $ 86,033. Many positions are closed between $ 87,512 and $ 91,399.
Some of Bitcoin’s exit positions arrived before Trump’s announcement.
Most of the whale positions are now closed for an income of over $ 6.8 million, according to Hyperdash.
Income and loss position for crypto whale behind “0xe4d … 02c62” the wallet address tube in the last 24 hours. Source: Hyperdash
However, it should be noted that Trump’s first post about the Crypto Strategic Reserve only confirmed XRP (XRP), Solana (Sol) and Cardano’s (Ada) Integration.
About two hours later, Trump confirmed that Bitcoin and Ether were not only included but would be in the “heart of the reserve.”
Between those two posts, the price of bitcoin and ether rises, but not to the same extent As the other tokens first mentioned.
Insider trading? Pundits are thinking
50x leverage means that a 2% price collapse in bitcoin or ether can trigger the extermination, leading industry pundits to imagine if insider trade involves.
The founder and host of Moon Show, Carl Moon, said: “This $ 200 million in Bitcoin and Ethereum before the announcement of the Bitcoin Strategic Reserve, could be the biggest trading in the insider I saw.”
“It smells illegal.”
An x user suggested That the entrepreneur wants other tokens if they know about Trump’s incoming announcement, of which crypto researchers “Fatman” Reply:
“I don’t know if it’s an insider or not, but it’s also possible for an insider to know the coming tweet but don’t know the exact contents of the tweet.”
Related: Bitcoin Price Metric Hits ‘Optimal DCA’ zone not seen since BTC exchanged for $ 50k to $ 70k range
The Crypto Strategic Reserve follows the weeks of review from the newly generated by the President Working group in digital assets, Executive director Bo Hines and David Sacks led the White House’s Ai and Crypto Czar.
TRUST SHOULD HAVE TRUMP THE FIRST White House Crypto Summit On March 7, industry leaders were invited to meet the BO Hines of Working Group and AI and Crypto Czar David David to discuss Stablecoin regulatory and administration policies, among other things.
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