Bitcoin Whale Possibly Shorting Again After $200M Gains, Owner Denies Trump Insider Ties

• Whale reopened a $340M 10x short on Bitcoin via Hyperliquid

• On-chain data shows $40M USDC deposited Monday and previous $80M USDC plus large withdrawals tied to the same wallet

• Blockchain researchers Arkham Intelligence, HypurrScan, and analysts like Conor Grogan have publicized the transaction trail and timeline

Trump insider whale shorting Bitcoin: wallet that earned ~$200M reopened a $340M 10x BTC short on Hyperliquid; read COINOTAG’s on-chain breakdown and timeline.

What is the “Trump insider whale” and why is it shorting Bitcoin?

The “Trump insider whale” refers to a large on-chain wallet that earlier profited roughly $200 million by shorting Bitcoin and Ethereum before last Friday’s market slide. Blockchain records show the wallet deposited $40 million in USDC and opened a roughly $340 million, 10x leveraged short on Bitcoin via Hyperliquid; analysts track the trades but find no dispositive proof of insider ties.

How did the wallet construct the $340M 10x Bitcoin short?

The wallet with address ending in “7283ae” deposited $40 million USDC into Hyperunit/Hyperliquid on Monday, according to HypurrScan data. Shortly after the deposit the account established a 10x short position in BTC worth about $340 million, meaning the trader used leverage to amplify exposure while committing a smaller principal. On-chain tools from Arkham Intelligence and HypurrScan record the entry price near $116,009 and show unrealized profits exceeding $700,000 at current prices; liquidation would occur if BTC reached approximately $130,460.

Timeline and on-chain evidence

Data reviewed by blockchain research groups outlines a sequence: on Friday the wallet deposited $80 million USDC and opened about 3,700 BTC in short exposure via Hyperliquid, then withdrew $150 million the next day, moving funds into a new wallet now holding roughly $386 million USDC. Researchers such as Conor Grogan and the pseudonymous sleuth Eyeonchains have highlighted address reuse and token swaps—one reported instance connected the wallet to large BTC-to-ETH swaps earlier in the year. Arkham Intelligence labeled the address a “Trump insider whale” in public commentary; those characterizations are based on timing and trade patterns, not direct documentary evidence of communication with political figures.

What do the principal actors say?

One named individual, Garrett Jin (former BitForex CEO), was publicly linked to the wallet by on-chain sleuths and social amplification. Jin responded directly on social media, stating he is connected to the account as a manager of clients’ funds and denying any connection to the Trump family or insider trading. Exchange founders and commentators amplified and qualified the claims; their remarks are part of the public record but do not constitute proof of illicit or off-chain information sharing.

Frequently Asked Questions

Did the whale use insider information tied to President Trump?

There is no verified evidence proving the wallet had advance, off-chain knowledge of President Trump’s comments. Blockchain analytics firms flagged the timing as suspicious, but on-chain data alone cannot prove the use of privileged political intelligence.

Who owns the wallet that shorted Bitcoin and Ethereum?

Public on-chain analysis links transactions and address activity to a recurring wallet, and investigators have suggested possible ties to known individuals. One public claim tied the wallet to Garrett Jin, who says the account represents client funds; ownership beyond that assertion remains unconfirmed by independent, off-chain documentation.

Market context and price impact

Friday’s market move triggered an estimated $19 billion in crypto liquidations industry-wide. Bitcoin has recovered modestly to around $115,796 in the 24-hour window since the crash but remains down approximately 8% for the week; Ethereum sits near $4,284, down roughly 9% for the week. Large leveraged positions like the one described amplify short-term volatility and increase the risk of forced liquidation if prices move sharply upward.

Key Takeaways

• On-chain transparency: Blockchain explorers HypurrScan and analytics firm Arkham Intelligence provide traceable records of deposits, positions, and transfers.
• No proof of insider trading: Timing and scale of trades have raised suspicions, but on-chain data does not confirm off-chain communications with political figures.
• Leverage risk: The 10x $340M BTC short yields amplified gains or losses and faces a capped liquidation threshold if Bitcoin reaches a new record high.

Conclusion

COINOTAG reporting shows the wallet dubbed the “Trump insider whale” reopened a substantial leveraged short on Bitcoin after profiting from earlier BTC and ETH shorts; blockchain records from HypurrScan and Arkham Intelligence document the deposits, positions, and subsequent fund movements, while named parties have publicly denied political insider ties. Readers should watch on-chain flows and margin metrics closely—large leveraged positions can quickly reshape short-term market dynamics. Published: October 13, 2025. Updated: October 13, 2025. Author: COINOTAG.

Tweet referenced in reporting (text only):

BREAKING: TRUMP INSIDER WHALE IS NOW SHORT $340M $BTC — The HyperUnit Bear Whale who shorted $700M of $BTC and $350M of $ETH right before Friday’s market crash (making ~$200M total) just deposited $40M USDC to HL and shorted another $127M $BTC. He is now short $300M $BTC and has… (tweet text continued)