What did the crypto whale bet on before Trump's AI order?

The whale opened leveraged long positions on Ethereum (ETH) and Zcash (ZEC).

How much did the crypto whale invest before the AI executive order?

The trader invested $32 million in ETH and $19.4 million in ZEC.

What is President Trump's executive order about?

President Trump's executive order today, November 24th, concerns state regulations on artificial intelligence.

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Crypto Whale Bets Big on ETH, ZEC Before Trump AI Order

25 Nov

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Summary

A crypto whale opened leveraged long positions worth $32M on Ethereum.
The same trader initiated a $19.4M leveraged long position on Zcash.
These trades occurred just before President Trump's AI executive order.

Crypto Whale Bets Big on ETH, ZEC Before Trump AI Order

A significant crypto whale has strategically placed large leveraged bets on Ethereum and Zcash, anticipating market movements ahead of a major US presidential announcement. This trader opened a 5x leveraged long position on ETH valued at $32 million and a 10x leveraged long position on ZEC worth $19.4 million.

These substantial investments were made shortly before President Trump was set to sign an executive order concerning state regulations for artificial intelligence. AI and cryptocurrency are noted as key technological priorities for the administration, with potential considerations for chip sales to China.

The total cryptocurrency market has shown signs of recovery, surpassing $3 trillion. While Bitcoin and Ethereum saw price increases, Zcash experienced a slight decrease. Other cryptocurrencies like Solana also demonstrated upward momentum in the past 24 hours.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.