A whale sold all the crypto holdings just 30 minutes before the U.S. President Donald Trump announced tariffs on China. The suspicion of the crypto community has been rising with the timing of the whales’ activity.
A crypto market analyst who goes by the pseudonym AshCrypto on X pointed out a suspicious activity that happened just before Trump announced tariffs on China. A crypto whale opened short positions on Hyperliquid exchange, just half an hour before Donald Trump announced the tariffs on China.
As the tariff trade war reached its hottest stage, Trump imposed a 100% tariff on the already 30% tariff on China. However, the whale shorting just before the announcement and making a profit of $192 million has raised concerns. It could be an insider, or the whale was just lucky to escape the crash by a whisker’s breadth. Though just a few accepted the fact that it was pure luck, many others outright stated that it was insider activity.
Responding to Ash Crypto’s X post, a crypto netizen stated that gaining $192 million was not luck but insider activity.
Another respondent suspected that the whale was Trump’s son, Eric Trump.
Crypto trader Big Coin stated, “Lucky… Com’on @Ashcryptoreal, now you just playing around with your community. No luck, [expletive]. “
With the announcement of the tariffs, Bitcoin crashed from $122K to $102K. Despite the fall, Bitcoin is still on course. As shown in the chart below, even after the crash, Bitcoin still maintains its pattern of making higher lows.
