A crypto whale reportedly earned over $160 million in a single day by shorting Bitcoin and Ethereum ahead of a market crash triggered by President Trump's announcement of a 100% tariff on Chinese imports. The announcement led to a 7.5% drop in Bitcoin and a 12.5% decline in Ethereum, causing widespread market panic. The whale utilized Hyperliquid, a decentralized exchange, to leverage positions and capitalize on the market downturn. This event underscores the significant impact geopolitical developments can have on cryptocurrency markets and the potential risks and rewards associated with leveraged trading.
Crypto Whale Nets $160M Amid Market Turmoil from Trump's Tariff Announcement
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