Alleged 'Trump Insider Whale' Denies Insider Trading
A whale that earned millions shorting Bitcoin and Ethereum before Friday's crash is back, denying being a Trump insider.
The whale, who earned close to $200 million by shorting Bitcoin and Ethereum prior to Trump’s tariff announcement, has taken another stand against the top crypto asset.
The person behind the wallet insists that there's no connection to the First Family.
The Ethereum address deposited $40 million in USDC to Hyperliquid, a perpetuals trading platform and decentralized exchange, and began building a 10x short position in Bitcoin valued around $340 million.
The wallet owner's actions have been tracked through data from Hyperliquid block explorer HypurrScan.
Author's summary: Whale denies Trump connection, opens new Bitcoin short.