Crypto Whale Bets Against Bitcoin and XRP With $140 Million in Shorts
A whale on Hyperliquid opened two heavily leveraged short positions against Bitcoin and XRP, totaling $140 million. The unknown wallet is now up about $3.1 million in about nine hours.
The fresh Hyperliquid wallet was funded with $7 million in USDC from an Arbitrum wallet that redeemed the tokens from a zero address, making it impossible to track the funds any further.
This has led some observers to speculate that the wallet holder is trading with insider knowledge. It follows the alleged “Trump insider whale” that recently profited close to $200 million by shorting before the record $19 billion liquidation cascade on October 10. A trader linked to that wallet denied having insider knowledge, despite opening the shorts…
