A crypto whale that placed hundreds of times more leveraged long position bets on Bitcoin and ether before US President Donald Trump announced that the crypto strategic reserve had profited about $7 million from the transaction.
The whale deposited $5.9 million in US dollar coins USDCUSD According to the Crypto Analytics Platform HyperDash, the dispersed derivative exchanges high lipids to place them in a longer position on March 1st.
The whale put the first ether 
ethusd Long position at UTC on March 2nd at 2:49pm. 35 minutes later, Trump announced the crypto strategic reserve.
Approximately $4 million was used to create a position worth $200 million with 50x leverage. The whale's etheric position from the Ethereum wallet address “0XE4D…02C62” began closing 16 minutes after Trump's announcement, speculating whether insider trading was involved.
However, the first Bitcoin (BTC) long position was placed at UTC at 10:44pm on March 1, when Bitcoin was trading around $86,033. Many positions were then closed between $87,512 and $91,399.
Some of these Bitcoin exit locations came before Trump's announcement.
Most of the whale positions are currently closed for profits of over $6.8 million, according to HyperDash.
It should be noted, however, that Trump's first post on the Crypto Strategic Reserve only confirmed the inclusion of XRP (XRP), Solana (SOL) and Cardano (ADA).
Almost two hours later, Trump confirmed that it was not only contained Bitcoin and ether, but also at the “center of the reserve.”
Betcoin and ether prices were rising between these two posts, but not to the same extent as the other tokens mentioned at the beginning.
Insider trading? Critics guess
50x leverage meant that a 2% price of Bitcoin or ether caused a liquidation, and industry experts would speculate whether insider trading was involved.
Carl Moon, founder of The Moon Show, said: “Before the announcement of Bitcoin Strategic Reserve, the $200 million length in Bitcoin and Ethereum could be the biggest insider trading I've ever seen.”
“It smells illegally.”
One X user suggested that if they knew about Trump's next announcement that Trump's “Fatman” responded, traders would have longed for other tokens.
“I don't know if it's an insider or not, but insiders can know that the tweet is coming, but I don't know exactly what the tweet is.”
Crypto Strategic Reserve follows a weekly review from the President's newly formed working group on digital assets, led by White House AI and Crypto Czar executive directors Bo Hines and David Sacks.
Trump is scheduled to hold his first Whitehau Script Summit on March 7th, where he will meet industry leaders with working group Bohain and Trump's AI and Cryptocrat David Sack to discuss regulatory policies and stable surveillance.
