Alleged 'Trump Insider Whale' Denies Insider Trading
A whale that earned millions shorting Bitcoin and Ethereum before Friday's crash is back, and denies 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 sparked accusations of being a "Trump insider", but the person denies any connection.
The short position is valued at approximately $340 million, according to data from Hyperliquid block explorer HypurrScan.
Author's summary: Whale denies Trump ties, shorts Bitcoin.