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Reading: Trump’s Bold Move Sends Crypto Prices Soaring and Earns Investor $7 Million
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COINTURK NEWS > Cryptocurrency News > Trump’s Bold Move Sends Crypto Prices Soaring and Earns Investor $7 Million
Cryptocurrency News

Trump’s Bold Move Sends Crypto Prices Soaring and Earns Investor $7 Million

In Brief

  • Trump's announcement sparked a major rise in cryptocurrency prices.

  • The investor leveraged $200 million in trades, achieving a $7 million profit.

  • This high-stakes move has garnered significant attention in the crypto world.

Fatih Çetin
Fatih Çetin 2 years ago
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On Sunday, President Donald Trump’s announcement regarding a crypto reserve ignited the market. Prior to this revelation, a savvy investor anticipated a rise in Bitcoin (BTC) $82,774 and Ethereum (ETH) $2,482 prices, executing high-leverage trades that resulted in substantial profits. Within just 24 hours, this investor recorded a remarkable $7 million gain on the Hyperliquid platform, closely monitored by on-chain analysis platforms.

Contents
Investor Opens $200 Million Position with 50x LeverageTrump’s Announcement Earns Investor $7 Million

Investor Opens $200 Million Position with 50x Leverage

According to on-chain data, the investor initially deposited $5.6 million USDC, opening significant positions on Hyperliquid. Utilizing 50x leverage, they amassed a total position of $200 million in Bitcoin and Ethereum. This high-risk maneuver quickly caught the attention of on-chain analysts.

On-Chain Data of the Lucky Crypto Investor

The price drop of Ethereum on Sunday posed a risk to the investor’s position. At 18:20 Turkish time, if the ETH price had fallen just $54 more, the investor would have faced a $2 million liquidation loss. Nevertheless, Trump’s announcement around 18:25 swiftly pushed crypto prices upwards, greatly benefiting the investor.

Trump’s Announcement Earns Investor $7 Million

In his statement, Trump revealed plans for a strategic crypto reserve in the U.S. Following this news, the prices of Bitcoin and Ethereum surged rapidly. By increasing their positions throughout the day, the investor capitalized significantly on the price increase.

With the price ascent, the investor closed their positions, securing a $7 million profit. Had they held onto their BTC and ETH positions longer, their gains could have been even higher if Trump had clarified that these cryptocurrencies would be included in the reserve plan. Nevertheless, this high-risk success resonated powerfully within the crypto community.

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Fatih Çetin 3 March, 2025 - 12:05 pm 3 March, 2025 - 12:05 pm
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