- Well, would you look at that! The whale, bless its heart, deposited a whopping $5.9M USDC into Hyperliquid on the 1st of March, all set for some high-stakes gambling!
- And lo and behold, just 35 minutes after the whale’s little ETH escapade, Trump decided to drop the bomb about BTC and ETH joining the Crypto Reserve. Coincidence? I think not! 🤔
Now, gather ’round, folks! A cryptocurrency trader has stirred up quite the ruckus, raising eyebrows and suspicions of insider trading after pulling off a daringly leveraged trade mere hours before our dear former President Trump confirmed that Bitcoin [BTC] and Ethereum [ETH] would be cozying up in the U.S. Crypto Strategic Reserve.
This trader, with the audacity of a cat on a hot tin roof, jumped into massive long positions on BTC and ETH with a staggering 50x leverage, and lo and behold, within a day, they pocketed over $6.8 million in profit. Talk about a lucky rabbit’s foot! 🐇💸
The uncanny precision of this trade—timed to perfection with Trump’s announcement—has left the crypto community scratching their heads and wondering if our trader had a crystal ball or just a good ol’ hunch.
The whale’s perfectly timed bet
On the 1st of March, this whale, with more money than sense, deposited $5.9 million USDC into Hyperliquid, gearing up for some leveraged shenanigans.
They opened their Bitcoin long positions at a cool $85,908 and Ethereum long positions at $2,197, all while riding the 50x leverage wave. Surf’s up! 🌊
On the 2nd of March, at precisely 2:49 PM UTC, our daring trader placed their first Ethereum long position. Just 35 minutes later, Trump made his grand announcement about Bitcoin and Ethereum joining the U.S. Crypto Strategic Reserve. Timing is everything, folks! ⏰
The announcement sent the market into a tizzy, pushing Bitcoin past $94,000 and Ethereum soaring higher than a kite on a windy day.
Our trader, with the finesse of a seasoned gambler, closed Bitcoin positions between $87,332 and $91,399, raking in substantial profits. By the 3rd of March, most of the whale’s positions were closed, resulting in realized profits exceeding $6.8 million. Not too shabby! 💰
The trader’s unrealized PnL spiked to $3.3 million on the 2nd of March at 7:39 AM UTC and peaked at a jaw-dropping $8.05 million on the 3rd of March at 1:20 AM UTC. Talk about a rollercoaster ride! 🎢
Afterward, the unrealized PnL settled between $36K and $44K as positions were closed, while the account’s total position value remained steady around $740K throughout this wild ride.
The broader crypto market, bless its heart, added over $300 billion in market cap within mere hours of the announcement. What a time to be alive!
Was it insider trading? Crypto community reacts
The near-perfect execution of this trade has led many to raise an eyebrow and question whether our trader had access to some top-secret information. Analysts at The Kobeissi Letter pointed out the suspicious timing in a post that went viral faster than a cat video:
“This is unusual. 24 hours ago, someone took $200,000,000 worth of Ethereum and Bitcoin longs on 50x leverage. This meant even a 2% drop in Bitcoin would liquidate $200M. Today, President Trump announced the U.S. Crypto Reserve including BTC and ETH. Did someone
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2025-03-04 01:25