Crypto Whale Shorts $412M Ahead of Trump’s Announcement

A significant cryptocurrency whale has reportedly initiated short positions totaling $412 million across the market, occurring just hours before former U.S. President Donald Trump is scheduled to deliver what a user on X described as a "huge announcement" at 3 p.m. ET.

This substantial market move was initially identified by on-chain analyst @DeFiWilmar. The analyst pointed out that the same address had previously executed a comparable large-scale short position approximately two months prior, which resulted in an estimated profit of $300 million after a subsequent market downturn.

Wilmar shared on X, "The 100% win-rate insider is shorting the entire market for $410 million," later revising the figure to $412 million.

The timing of this significant short position, occurring just before a major political announcement, has ignited widespread speculation across social media platforms. Many are suggesting that the whale might be an insider with foreknowledge of impending political developments.

As of the time of this report, on-chain tracking services have not yet confirmed the identity of the whale or the specific trading venue used for these positions. However, the timing has undeniably re-intensified discussions regarding the integrity of the markets.

This development occurs in a climate of heightened awareness regarding insider trading allegations. This follows an incident in March where Binance suspended an employee accused of allegedly engaging in front-running trades by utilizing confidential BNB Chain data.

The comparison has further fueled speculation that cryptocurrency markets may still be susceptible to information asymmetry and potentially unregulated market manipulation tactics.