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.
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 The respective accounts were subsequently opened, and the whale has efficiently withdrawn most of the funds from them.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.
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.