Crypto Whale Earns Millions Ahead of Trump’s Crypto Reserve Announcement
We may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.
A crypto whale has profited nearly $7 million after placing large leveraged bets on Bitcoin and Ether just before President Trump's announcement about the Crypto Strategic Reserve.
The whale deposited $5.9 million in USD Coin and used 50x leverage on a decentralized exchange, making positions on both assets.
Once Trump revealed the strategic reserve, which initially excluded Bitcoin and Ethereum but later confirmed their inclusion, the market surged, and the whale quickly closed the positions.
Speculation about insider trading has arisen due to the precise timing of the trades and the whale’s use of high leverage.
Some crypto experts have raised concerns over the legality of the move, suggesting that the trader might have had prior knowledge of the announcement.
This trade coincides with the ongoing efforts of the President’s Digital Assets Working Group, which is reviewing crypto regulations ahead of a key summit on March 7.
Commentaries 
Fill in necessary fields and publish