The whale placed their first Ether\u00a0long position on March 2 at 2:49 pm UTC. Thirty-five minutes later, Trump announced the <\/span>Crypto Strategic Reserve\u00a0\u2014 nearly immediately causing an\u00a0<\/span>explosion in market prices.<\/p>\n Around $4 million was used to create $200 million worth of positions with the 50x leverage. The whale\u2019s Ether positions from Ethereum wallet address \u201d0xe4d\u202602c62\u201d started closing 16 minutes after Trump\u2019s announcement, with some speculating whether insider trading was involved.<\/p>\n The first Bitcoin long position, however, was placed on March 1 at 10:44pm UTC, when Bitcoin was trading around $86,033. Many positions were then closed between $87,512 and $91,399.<\/span><\/p>\n Some of those Bitcoin exit positions came before Trump\u2019s announcement.<\/p>\n Most of the whale\u2019s positions have now been closed for a profit above $6.8 million, according to HyperDash.<\/p>\n It should, however, be noted that Trump\u2019s first post about the Crypto Strategic Reserve only confirmed XRP, Solana <\/span>SOL <\/span>and Cardano\u2019s\u00a0ADA <\/span>inclusion.<\/p>\n Nearly two hours later, Trump confirmed that Bitcoin and Ether were not only included but would be at the \u201cheart of the reserve.\u201d<\/p>\n Between those two posts, Bitcoin and Ether\u2019s prices were rising,\u00a0but not to the same extent\u00a0as the other tokens initially mentioned.<\/p>\n The 50x leverage meant that a 2% price fall in Bitcoin or Ether would have triggered liquidation, leading industry pundits to speculate whether insider trading was involved.<\/p>\n The founder and host of The Moon Show, Carl Moon,\u00a0said:\u00a0\u201cThis $200 million long on Bitcoin and Ethereum before the Bitcoin strategic reserve announcement, could be the biggest INSIDER TRADE I\u2019ve ever seen.\u201d<\/p>\n \u201cSmells illegal.\u201d<\/p><\/blockquote>\n One X user\u00a0suggested\u00a0that the trader would have longed other tokens had they known about Trump\u2019s incoming announcement, to which crypto researcher \u201cFatMan\u201d\u00a0responded:<\/p>\n \u201cI don’t know if it was an insider or not, but it’s also possible for an insider to know the tweet is coming but not know the exact contents of the tweet.\u201d<\/p><\/blockquote>\n <\/p>\nInsider trading? Pundits speculate<\/h2>\n