Here’s How Trump’s Crypto Insider Whale Netted $81M in Profits in 2 Days 

The cryptocurrency market is home to volatility and uncertainty. Various macroeconomic events, whales’ involvement, or promotions could change everything. A deep understanding of the market and trading skills could yield significant returns, but sometimes, insiders can be the ones to do it. One alleged Donald Trump crypto-insider whale netted $81M in profits within two days. How? Let’s discuss this.

Crypto Whales Earn Big With Donald Trump’s Influence

Donald Trump has become among the most influential factors in the crypto market, and his actions could cause it to rise or crash. Recently, the crypto market witnessed a major pump when Trump announced the U.S. Strategic Crypto Reserve. However, the crypto market crashed soon after the tariff plan on Mexico and Canada went live.

Amid these fluctuations, billions were liquidated, but this alleged insider crypto whale earned big, making $81M in unrealized profits. This must have happened because the whale’s prediction about the market came true. However, the intensity of the profits left everyone stunned, leading to accusations of an insider.

How Did This Crypto Whale Make $81M?

According to Lookonchain X post and other analytics platforms, a crypto trader with the wallet address “0xedd31c2541A9cE596419879B1A46Ffc7cD262c62” made $81M by capitalizing on the significant market movement.

The whale short on the Ethereum with 50x leverage made impeccable returns, with the Ethereum price dropping. With a strong leverage play with ETH perpetual contracts, locking nearly $99.8M in positions, the whale has earned $81M in unrealized profits.

Although the trader has closed some shorts, many are still open, leaving the possibility for further gains or losses, depending on ETH’s performance.

Market Implications & Ethereum Price Drop

Ethereum’s struggle began with the broader market correction at the beginning of the year. Since then, the Ethereum price has crashed 57% from its ATH of $4,891.70, risking a further crash with Donald Trump’s tariff implementation on Mexico and Canada.

With an 11% drop in the last 24 hours, ETH currently trades at $2,094.21 after hitting the bottom at $2036. The whale above also significantly contributed to this downtrend. Analysts await a recovery, but the short-term bearish trend will likely continue.

Bottom Line

The crypto market’s downtrend is increasing digital assets’ struggle. Amid such an adverse market, Donald Trump’s insider crypto whale’s $81M profit surprised many. However, such profits aren’t common and would require many favorable factors. Experts suspect insider trading when considering the whale’s win despite major macroeconomic events.

Regardless of the situation, the trader is bearing massive profits with the Ethereum price crash. Investors now await a recovery, while many fear a further downtrend.

The post Here’s How Trump’s Crypto Insider Whale Netted $81M in Profits in 2 Days  appeared first on CoinGape.