A noteworthy declare has come to the fore within the cryptocurrency market.
A whale pockets buying and selling on decentralized derivatives alternate Hyperliquid deposited roughly $160 million value of USDC, opening $1.1 billion in leveraged brief positions on Bitcoin (BTC) and Ethereum (ETH), in line with experiences. These trades reportedly occurred roughly half-hour earlier than US President Donald Trump introduced 100% tariffs on China on October 10.
The positions in query have been allegedly later closed, producing a revenue of roughly $190 million to $200 million. Nevertheless, there isn’t a definitive proof of insider buying and selling.
In keeping with information shared by YouTuber and researcher Coffeezilla, the whale opened its final brief place, value roughly $23 million, at 11:49 PM UTC on October tenth. Precisely one minute later, President Trump’s assertion threatening 100% tariffs on China adopted. This announcement triggered the most important liquidation wave within the crypto market in years.
Some have claimed that the Trump household profited $192 million from these transactions, however there isn’t a substantiated proof to assist this declare.
*This isn’t funding recommendation.
