Insider Trump shorted cryptocurrencies for $150 million? On-chain data reveals the truth, market panic stems from rumors

February 6 News, a recent claim that “a trader closely connected to Trump shorted $150 million in the cryptocurrency market” has rapidly spread on social media, triggering market panic. Many users warned of a potential new wave of sharp declines, and some even claimed that this account profited $150 million during the market downturn in October 2025. However, as on-chain data was further disclosed, this claim was confirmed to be severely exaggerated.

The related rumors originated from multiple viral posts claiming that a whale was simultaneously shorting assets like Bitcoin and Ethereum, with a nominal position of up to $150 million, and portraying it as an “inner circle whale linked to Trump.” Since this wallet had also appeared in trading records during a previous major market drop, such speculation quickly gained traction, but it lacked any substantial evidence to support it.

Subsequently, several on-chain tracking tools showed that before the widespread spread of the posts, this wallet had already closed most of its short positions, with very limited actual profit or loss. The trading behavior appeared more like short-term high-frequency trading rather than a major bet on market direction. Some community members linked this wallet to trader Garret Jin, but he has publicly denied having insider information or any connection to political figures. Currently, no official channels have confirmed such claims.

The most attention-grabbing “Trump connection” also lacks evidence. Whether from blockchain records, documents, or public statements, there is no indication that this wallet has a direct relationship with Trump or his team. Analysts point out that during market volatility, large fund movements are often misinterpreted as “insider signals,” and social media tends to dramatize these stories.

Nevertheless, the whale’s high-leverage positions could amplify short-term price fluctuations, especially in the derivatives market. But this does not mean that every large transaction signals a trend reversal. This incident once again reminds the market that the speed of emotional spread often exceeds the facts themselves, and rational analysis of on-chain data is far more important than following rumors.