Trader Profit $7M in One Day from 50x Leverage on BTC, ETH

A crypto commercialized made astir $7 cardinal successful profits aft placing monolithic 50x leveraged agelong bets connected Bitcoin and Ether conscionable earlier erstwhile U.S. President Donald Trump announced a Crypto Strategic Reserve.

According to HyperDash, the whale deposited $5.9 cardinal successful USDC connected Hyperliquid, a decentralized derivatives exchange, connected March 1. They utilized astir $4 cardinal to make $200 cardinal worthy of leveraged positions astatine 50x.

Source:  HyperDash

The archetypal Ether agelong was placed connected March 2 astatine 2:49 p.m. UTC. Just 35 minutes later, Trump’s announcement sent crypto prices soaring. The whale began closing positions 16 minutes aft the announcement, raising speculation astir imaginable insider trading.  

The whale’s archetypal Bitcoin agelong came adjacent earlier, connected March 1 astatine 10:44 p.m. UTC, erstwhile BTC traded astatine $86,033. Many Bitcoin positions were closed earlier Trump’s statement, adding to the intrigue.  

Interestingly, Trump’s archetypal station connected the reserve lone mentioned XRP, Solana, and Cardano. He confirmed Bitcoin and Ether’s inclusion 2 hours later. Between these posts, BTC and ETH saw terms increases, but not arsenic sharply arsenic the different named tokens.  

Crypto commentators, including Carl Moon, called the timing suspicious, with Moon stating, “This could beryllium the biggest INSIDER TRADE I’ve ever seen.” However, immoderate reason that insiders mightiness person known an announcement was coming but not the nonstop details.  

Trump’s crypto-focused Working Group connected Digital Assets has been evaluating policies for weeks. On March 7, helium volition big the archetypal White House Crypto Summit to sermon regulations and stablecoins.

Also Read: Solana surges 22% arsenic Trump favors it implicit Bitcoin successful Crypto Reserve