As Bitcoinsistemi.com, we told you last night that a trader opened a long position of $95 million on Ethereum.
Today, US President Donald Trump announced that an official cryptocurrency reserve will be established that will include Bitcoin, Ethereum, Cardano, XRP and Solana. If Trump cannot pass the proposal in Congress, he can still purchase these assets through the sovereign wealth fund.
It is claimed that the whale trader could be an insider from Donald Trump's circle due to the huge long position he opened yesterday before today's incident. FatMan, one of the anonymous analysts who helped uncover the Terra (LUNA) scandal, stated in his statement that yesterday's trader made only $5 million in profit today with only $4 million in original assets.
The trader in question appears to have closed his long position on Ethereum following the rally.
On the other hand, when asked why this trader, who is alleged to be an insider, opened a position on ETH and not SOL, XRP or ADA, FatMan said that this insider may have known that a tweet would come today, but he may not have known its exact content.
*This is not investment advice.
