WASHINGTON / LONDON (IT BOLTWISE) – A mysterious crypto trader has millions moving ahead of President Donald Trump’s announcement at 3:00 p.m. EST. Markets are on edge as Trump’s previous statements caused significant volatility.
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A mysterious crypto trader has millions of dollars in motion ahead of President Donald Trump’s announcement at 3:00 p.m. EST. The exact contents of the announcement are still unknown, but in the past Trump’s statements have caused significant market movements. His comments on China and Russia in particular have caused turbulence in the past.
On October 10, Trump’s criticism of China over tariffs led to a crypto crash that wiped out more than $19 billion in a single day. At the time, a crypto whale cleverly speculated on the crash and earned $160 million by closing short positions in Bitcoin and Ethereum. Now another trader appears to be pursuing a similar strategy.
As reported by on-chain analytics platform Onchain Lens, a crypto whale deposited 3 million USDC on the decentralized crypto exchange Hyperliquid on October 23rd. The trader then opened a short position with 40x leverage on 291.81 BTC, worth $31.9 million. This risky bet suggests that the trader may have insider knowledge.
The total cryptocurrency market cap was $3.68 trillion at the time of the report. Bitcoin was up over 1%, trading at $109,284.04, while Ethereum was almost unchanged at $3,844.39. Among the top 10 cryptocurrencies, Solana stood out as the biggest gainer, rising over 3% in the last 24 hours.
Solana, the sixth-largest cryptocurrency by market capitalization, is one of the leading blockchains and will be the focus of the Solana Breakpoint conference in Abu Dhabi in the coming weeks. There, developers and investors will discuss strategic and operational challenges. These developments could further impact the market, especially if Trump’s announcement triggers new geopolitical tensions.
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