Insider Trading Allegations Surface Amid Trump’s National Strategic Crypto Reserve Reveal
Hours before President Trump’s Truth Social post hyping a national strategic crypto reserve last Sunday, an anonymous trader leveraged $4 million to open 50x long positions in Ethereum (ETH) and Bitcoin (BTC), the combined positions valued at $200 million. The timing of this tremendously risky bet aligned perfectly with Trump’s announcement and the trader cashed out for $6.8 million. Some now question if this was insider trading.
Uncanny Timing, Unbelievable Leverage
Disruption Banking saw the coming of the national strategic crypto reserve in the distance, and we wrote about it here, but we didn’t predict there would be insider trading. The trade, performed on the decentralized derivatives platform Hyperliquid,…
