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BitcoinSistemi 2025-03-02 22:22:07

Donald Trump Just Blew the Massive Cryptocurrency Whale Big Time: He Was 20x Shorting One of the Altcoins in the New Reserve

Donald Trump Just Blew the Massive Cryptocurrency Whale Big Time: He Was 20x Shorting One of the Altcoins in the New Reserve

After US President Donald Trump announced on his social media platform Truth Social that he would establish a US Strategic Cryptocurrency Reserve consisting of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and Cardano (ADA), a crypto whale was left in a big mess, according to onchain data. According to onchain data provided by Lookonchain, a crypto whale with a 20x short position on XRP appears to have panicked about closing his position following Donald Trump’s statement. According to the latest data, the crypto whale added $8 million worth of USDC to his position in order to prevent liquidation. Currently, the crypto whale's short XRP position has suffered a loss of $4.6 million. Related News: Developers of Altcoin Not Included in US Strategic Cryptocurrency Reserve Make Urgent Call to US Government - They Demand to Join When the data is examined, the whale wallet has $ 16 million in futures and $ 5 million in the spot market. According to the latest information, the whale has long positions in ETH, SOL and BTC, while it has short positions in XRP, SUI, DOGE, ADA and HYPE. You can access all of the whale's positions here. *This is not investment advice. Continue Reading: Donald Trump Just Blew the Massive Cryptocurrency Whale Big Time: He Was 20x Shorting One of the Altcoins in the New Reserve

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