Was Donald Trump the ‘worst insider trader ever’? Buying before the crash
The post Was Donald Trump the ‘worst insider trader ever’? Buying before the crash appeared on BitcoinEthereumNews.com.
An analyst believes Donald Trump could have been the “worst insider trader ever,” as the cryptocurrency market crashes on Trump’s tariffs, after significant purchases. Donald Trump has been accumulating cryptocurrencies, especially via the World Liberty Financial (WLFI) project, with its activities increasing in January. Interestingly, all the accumulation happened before this recent crash, supposedly caused by Trump’s trade wars, with the US tariffs increase. In this context, the long-term stock and crypto investor Jelle said Trump is “the worst insider trader ever.” Specifically, Jelle was looking at Trump’s team recent Ethereum (ETH) purchases, which sums up to 59,403 ETH. Receive Signals on US Congress Members’ Stock Trades Stocks Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions. Enable signal As Finbold reported, Trump-backed WLFI bought 3,079 ETH for approximately $10 million, later adding up to the Ethereum position. Besides Ethereum, Trump also bought Bitcoin (BTC) and a few other cryptocurrencies, even launching his own memecoin (TRUMP), which has now completely nuked, bringing significant losses to its holders. Usually, successful insider traders like the infamous Nancy Pelosi, use the privileged information or their power, ruling, to make financial decisions that benefit their positions, positioning accordingly before creating the news that move the markets. Donald Trump’s crypto portfolio down in contrarian insider trade In this recent case, however, Donal Trump’s trade wars with the increased tariffs had the opposite expected effect – at least while looking at Trump’s publicly disclosed crypto wallets. According to Arkham Intelligence, Trump’s crypto portfolio is now worth $2.95 million, down 32.25%. Meanwhile, the World Liberty Fi’s treasury is worth $361.25 million, down 12.07%. World Liberty Fi & Donald Trump crypto wallets and portfolio. Source: Arkham Intelligence / Finbold…
Filed under: News - @ February 3, 2025 2:27 pm