After sparking huge buzz within the crypto community by longing BTC and ETH before Trump’s crypto reserve announcement, the same insider whale has made $2.15 million in profit after catching the quick ETH price pump on Hyperliquid earlier today.
As per Lookonchain post, this whale sold 947 ETH for 1.95 USDC and used this funds to long ETH with 50x leverage on Hyperliquid perpetual DEX.
Soon after the position was set, ETH price pumped from $2,062 to $2,145 in minutes and the whale closed trade with $2.15 million in profit.
Prior to Trump’s strategic crypto announcement last week, this whale made nearly $7 million in profit by longing BTC and ETH.
While both the trades were placed with perfect market timing, the crypto community are seeing this trader as a potential insider who is closely connected to the Trump administration.
“This is the main REASON why sentiments are low,” commented a user, “RETAILs without INSIDER INFO feels PRICED OUT. WHY SHOULD I PLAY IN A GAME THAT IS NOT EQUAL?”
As per HypurrScan data, the trader has now withdrawn all funds out of the Hyperliquid.
There are also post going viral on X that the a trader who made $7.5 million in profit on Trump executive order pump and dump is now short on BTC with their profit target set at $70k-755 range.
This trader is also said to be one of the insiders as their order matches the perfect timing.
Also Read: 17 Altcoins Outshine Bitcoin in 90 days, reports CoinMarketCap
