On Monday, cryptocurrency news outlet CoinDesk reported that a major investor, commonly known as a “whale” in crypto circles, placed $200 million in Bitcoin just before U.S. President Donald Trump announced plans to accumulate cryptocurrency reserves.
This investor made their move moments before Trump’s unexpected announcement, positioning themselves to benefit from the market reaction.
Following Trump’s statement, Bitcoin’s value surged dramatically, climbing over 10% at its peak. Capitalizing on the sudden price spike, the whale swiftly liquidated its position, pocketing a $6.8 million profit.
CoinDesk reported that this high-stakes trade was executed on Hyperliquid, a cryptocurrency platform. The timing suggests the whale may have had insider information about Trump’s impending Bitcoin reserve announcement.