Donald Trump Just Blew the Massive Cryptocurrency Whale Big Time: He Was 20x Shorting One of the Altcoins in the New Reserve

After US President Donald Trump announced on his social media platform Truth Social that he would establish a US Strategic Cryptocurrency Reserve consisting of Bitcoin ($BTC), Ethereum ($ETH), Solana ($SOL), $XRP and Cardano ($ADA), a crypto whale was left in a big mess, according to onchain data.

According to onchain data provided by Lookonchain, a crypto whale with a 20x short position on $XRP appears to have panicked about closing his position following Donald Trump’s statement.

According to the latest data, the crypto whale added $8 million worth of USDC to his position in order to prevent liquidation.

Currently, the crypto whale's short $XRP position has suffered a loss of $4.6 million.

When the data is examined, the whale wallet has $ 16 million in futures and $ 5 million in the spot market. According to the latest information, the whale has long positions in $ETH, $SOL and $BTC, while it has short positions in $XRP, SUI, DOGE, $ADA and HYPE. You can access all of the whale's positions here.

*This is not investment advice.