Trader profits 6.8 million USD from BTC, ETH plants placed before Trumpto Crypto Reserve Post

Published on:

The cryptographic whale, which placed hundreds of 50 times a lever of long Bitcoin and Ether plants, before US President Donald Trump announced that the cryptographic strategy reserve gained almost $ 7 million from the transaction.

The whale deposited $ 5.9 million in USDC coins (USDC) on the decentralized replacement of HyperLiquid derivatives on March 1 to place long positions, According to to the Crypto Anaperdash platform.

The whale submitted his first ether (ETH) a long position on March 2 at 14:49 UTC. Thirty-five minutes later, Trump announced a cryptographic strategic reserve-right immediately causing the explosion of market prices.

About $ 4 million was used to create a position worth $ 200 million with a 50x lever. The ether positions of the whale from the address of the Ethereum portfolio “0xe4d … 02c62” began to close 16 minutes after Trump’s announcement, and some speculation whether trading in information was involved.

The whale began to close several long ether positions shortly after Trump’s announcement. Source: Source: Hyperdash

The first Bitcoin (BTC) item, however, was placed on March 1 at 22:44 UTC, when Bitcoin traded around USD 86 033. Many items were then closed between 87,512 to 91 399 USD.

Some of these Bitcoin starting items appeared before the announcement of Trump.

According to Hyperdash, most whale positions were closed to profit above $ 6.8 million.

The position of profits and losses for Crypto Whale for “0xe4D … 02c62” the wallet relate to profit in the last 24 hours. Source: Hyperdash

It should be noted, however, that Trump’s first post about the cryptographic strategic reserve was only confirmed by the inclusion of XRP (XRP), Solana (SOL) and Cardano (ADA).

Almost two hours later, Trump confirmed that Bitcoin and Ether were not only included, but will be in “Heart of the Reserve”.

Between these two posts, the prices of Bitcoins and the ether grew, but not as much as other tokens mentioned.

Trade in confidential information? Speculate experts

The 50 -time lever meant that a 2% drop in Bitcoin or Ether would cause liquidation, leading industry experts in order to speculate whether information trading was involved.

Founder and Host of the Moon, Carl Moon, he said: “The one worth $ 200 million at Bitcoin and Ethereum before the announcement of Bitcoin strategic reserves can be the largest confidential trade I’ve ever seen.”

“It smells illegal.”

One user x suggested that a salesman would miss other tokens if they knew about the upcoming announcement of Trump, to which the cryptographic researcher “Fatman” He answered:

“I do not know if it was confidential or not, but he may also know that he knew a confidential that tweet is coming, but he did not know the exact content of the tweet.”

Related: Bitcoin Price Metric Hits “Optimal DCA Zone” cannot be seen from the BTC trade in the range from $ 50,000 to $ 70,000

The cryptographic strategic reserve takes place after weeks of evaluation from the newly created President’s working group for digital assets, conducted by the executive director of Hines and David Sacks, AI and Crypto charm in the White House.

Trump has the host of the first crispt sip of the White House on March 7, encouraging industry leaders to meet Bo Hines and Ai Trump and Crypto, David David’s spell in order to discuss, among others, regulatory policies and Stablecoin supervision.

Warehouse: Elon Musk’s plan to lead the government on blockchain face uphill

Related

Leave a Reply

Please enter your comment!
Please enter your name here