A noteworthy claim has come to the fore in the cryptocurrency market. A whale wallet trading on decentralized derivatives exchange Hyperliquid deposited approximately $160 million worth of USDC, opening $1.1 billion in leveraged short positions on Bitcoin (BTC) and Ethereum (ETH), according to reports. These trades reportedly occurred approximately 30 minutes before US President Donald Trump announced 100% tariffs on China on October 10. The positions in question were allegedly later closed, generating a profit of approximately $190 million to $200 million. However, there is no definitive evidence of insider trading. Related News: Can We Say the Bull Run Is Over for Bitcoin (BTC) After the Latest Crash? An Experienced Name Responds According to data shared by YouTuber and researcher Coffeezilla, the whale opened its last short position, worth approximately $23 million, at 11:49 PM UTC on October 10th. Exactly one minute later, President Trump's statement threatening 100% tariffs on China followed. This announcement triggered the largest liquidation wave in the crypto market in years. Some have claimed that the Trump family profited $192 million from these transactions, but there is no substantiated evidence to support this claim. *This is not investment advice. Continue Reading: Shocking Claim: A $1.1 Billion Cryptocurrency Short Position Was Opened One Minute Before Donald Trump’s Tariff Message
