A noteworthy declare has emerged within the digital forex market.
In line with the report, Whale Pockets, which trades on decentralized derivatives change HyperLiquid, deposited roughly $160 million value of USDC and opened leveraged quick positions of $1.1 billion in Bitcoin (BTC) and Ethereum (ETH). These offers reportedly occurred about half-hour earlier than US President Donald Trump introduced 100% tariffs on China on October tenth.
The positions in query had been later closed and are mentioned to have yielded earnings of roughly $190 million to $200 million. Nonetheless, there isn’t any conclusive proof of insider buying and selling.
In line with information shared by YouTuber and researcher Coffeezilla, Whale opened its final quick place value roughly $23 million on October 10 at 11:49 pm UTC. Precisely one minute later, President Trump issued an announcement threatening 100% tariffs on China. This announcement sparked the most important wave of cryptocurrency market liquidations in years.
Some declare that the Trump household made $192 million in earnings from these offers, however there isn’t any empirical proof to help this declare.
*This isn’t funding recommendation.