Today, a surprising event has taken place in the crypto market amid the growing chaos led by the recent 100% tariffs on China. Specifically, a Hyperliquid whale has opened shorts only thirty minutes before the announcement of imposing a hundred percent tariff on Chinese goods and subsequent crypto bloodbath.
As per the crypto analyst, Ash Crypto, following that announcement, the crypto market has gone through a massive bloodbath, apart from huge liquidations and sell-offs. In this respect, by opening shorts and getting profits before the tariff implementation, the Hyperliquid whale has raised significant questions among the community.
Hyperliquid Whale Opens Shorts Before Crypto Crash Led by Trump’s 100% Tariffs on China
As pointed out by the market data, just a few minutes before the 100% tariff declaration by Trump on China, a Hyperliquid whale has opened short positions. Additionally, the whale has also closed the trades for up to $192M in gains. The respective accounts were subsequently opened, and the whale has efficiently withdrawn most of the funds from them.
Particularly, the whale had a notable cumulative balance, which was subsequently decreased to a significant extent. This took into account the withdrawal of a substantial $150M. As a result of this, the overall balance of the whale now stands at just $80M.
Apart from that, the wider crypto market has gone through a severe downturn due to the 100% tariffs on China. With this, Bitcoin’s price has dropped by 8% (approximately 7.60%), reaching $112,592.31. Additionally, Ethereum has plunged to $3845.92 after a 12.24% dip. Simultaneously, overall $9.5B has been liquidated from the largest crypto asset.
Crypto Community Buzzes Over Pre-Tariff Shorts of Hyperliquid Whale
Thus, while the crypto market is experiencing a shocking downtrend, the opening of shorts before all this and getting profits ignited speculation about the aforementioned Hyperliquid Whale’s luck.
According to Ash Crypto, there might be a chance for that whale to be an insider as making such a drastic move before a staggering slump seems to be preplanned. Overall, the 100% tariff decision is going to be implemented from the 1st of October onwards.
