A major crypto whale has reportedly opened $412 million in short positions across the market, just hours before former U.S. President Donald Trump is expected to make what X user called “huge announcement” at 3 p.m. ET.
The move was first flagged by on-chain analyst @DeFiWilmar, who noted that the same address executed a similar large-scale short position two months ago, netting an estimated $300 million profit after markets plunged shortly thereafter.
“The 100% win-rate insider is shorting the entire market for $410 million,” Wilmar wrote on X, later updating the figure to $412 million.
Speculation has quickly spread across social media that the whale is an insider, possessing knowledge of upcoming political announcements.
As of publication, on-chain trackers have not confirmed the whale’s identity or trading venue. Yet the timing, just before a major political announcement, has reignited scrutiny over market integrity.
The move comes amid heightened sensitivity to insider trading allegations, following Binance’s suspension of an employee in March for allegedly front-running trades using confidential BNB Chain data.
The parallel has fueled speculation that crypto markets remain vulnerable to information asymmetry and unregulated market manipulation.
Also read: Japan Plans to Ban Crypto Insider Trading Under New Rules
