A noteworthy claim has emerged in the virtual currency market.
According to the report, Whale Wallet, which trades on decentralized derivatives exchange HyperLiquid, deposited approximately $160 million worth of USDC and opened leveraged short positions of $1.1 billion in Bitcoin (BTC) and Ethereum (ETH). These deals reportedly took place about 30 minutes before US President Donald Trump announced 100% tariffs on China on October 10th.
The positions in question were later closed, with profits of approximately $190 million to $200 million. However, there is no conclusive evidence of insider trading.
According to data shared by YouTuber and researcher Coffeezilla, Whale opened its last short position worth approximately $23 million on October 10 at 11:49 pm UTC. Exactly one minute later, President Trump issued a statement threatening 100% tariffs on China. This announcement sparked the largest wave of cryptocurrency market liquidations in years.
Some claim that the Trump family made $192 million in profits from these deals, but there is no empirical evidence to support this claim.
*This is not investment advice.
