October 10 will go down in crypto historical past as a day when merchants had been ravaged. It was greater than a Black Swan occasion. It was an apocalypse, a day when even high altcoins melted, some dropping to as shut as $0. Although HYPE worth prediction, for instance, are optimistic, the crypto market remains to be reeling from the sell-off. Some blame Donald Trump and White Home insiders for accelerating this drop, whereas others squarely blame Binance, the world’s largest trade, for all their woes and liquidations.
Within the midst of all this, Hyperliquid, the decentralized perpetual trade quickly amassing quantity and taking up the massive boys, can be within the midst of the storm. Being a clear trade the place each place will be monitored, Hyperliquid is the selection platform the place a mega brief place was positioned by a well-placed and well-informed crypto whale minutes earlier than the massive drop.
A whale has opened a $750M, 10x leveraged $BTC brief place. It is already $3.7M within the purple and will probably be liquidated if $BTC climbs above $130,800.
What do they know?👀 pic.twitter.com/GbJwoXw54e
— Bitcoin Titan (@BitcoinTitann) October 10, 2025
Due to this hyperlink, there are actually questions of whether or not the White Home, Donald Trump, and rogue White Home insiders had been intentionally inclined to liquidate merchants or if there’s a scheme to spice up Hyperliquid’s visibility straight.
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Donald Trump, China, Garret Jinn, And The October 10 Crypto Meltdown: The Hyperlink
To find out whether or not that is true or not, we have now to have a look at the sequence of occasions earlier than the October 10 meltdown.
China began it a day earlier by saying new guidelines concerning the export of uncommon earth metals.
Lower than 24 hours later, Donald Trump responded, posting on Reality Social that the USA will impose a +100% tariff on China, citing escalating commerce tensions.
This “Trump Shock” shortly triggered an instantaneous market panic, which noticed Bitcoin and a number of the finest crypto to purchase slide from over $120,000 to round $102,000 earlier than bouncing. Because of this, over $19Bn (seemingly underreported) had been shortly and forcefully closed throughout a number of perpetual exchanges.
The issue is, analysts famous one thing fascinating simply earlier than Trump posted, declaring new tariffs on China: A whale linked to Garret Jinn, the previous CEO of the defunct trade BitForex, had opened a $735M BTC brief through Hyperliquid roughly an hour earlier than the information hit.
(Supply: eyeonchains, X)
By the point BTC USD sank to $102,000, the pockets was deep in earnings, as Jinn went on to web over $142M in realized BTC earnings.
In keeping with onchain sleuths, Jinn prefers trades with connection to Trump and the White Home. Analysts say he additionally holds an extended place on “Will Trump pardon CZ in 2025?” on Polymarket, a wager that’s gaining traction amid rumors of Trump contemplating a pardon for Changpeng Zhao.
(Supply: emmettgallic, X)
Analysts declare it’s no coincidence that Jinn might have positioned a mega brief on BTC minutes earlier than Trump introduced recent tariffs on China and, on the similar time, held an extended place on one other wager whose outcomes rely totally on the White Home. Certainly one of them thinks he’s merely a frontman for a bigger insider buying and selling ring leaking White Home info.
Changpeng Zhao shared analyses linking Jinn to the October 10 turbulence on X. Nonetheless, Jinn shortly responded, saying he had no reference to the Trump household or the president and that his actions weren’t any type of insider buying and selling.
The fund isn’t mine — it’s my shoppers’. We run nodes and supply in-house insights for them.
— Garrett (@GarrettBullish) October 13, 2025
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Is the White Home Pumping Hyperliquid? HYPE Worth Prediction To $50?
Whether or not the funds belong to Jinn or his shoppers, as he claims, is irrelevant for now. Crypto merchants had been decimated on Friday, and it could take one other few weeks earlier than BTC and high Solana meme cash commerce at new October 2025 highs.
The truth that Jinn shorted BTC on Hyperliquid is why there are allegations that the White Home may very well be backing the perpetual trade, not directly pumping HYPE costs.
Nonetheless, there isn’t a credible proof, for now, linking Donald Trump or the White Home. The dealer, Jinn, denied any ties with the First Household, including that funds belong to shoppers, not him.
Nonetheless, the involvement of the White Home, the Trump Household, and a extremely controversial subject related to high-level crypto worth manipulation, the place the supply is Hyperliquid, has introduced extra visibility to the perpetual trade.
HYPE crypto is in purple at press time, and reversed sharply from October 13 highs. If HYPE USDT finds assist above $30, HYPE crypto costs may get well to as excessive as $50.
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Is White Home Pumping Hyperliquid? HYPE worth prediction to $50?
October 10 was a crypto Black Swan day, over $19bn liquidated
Mega whale opened a close to $1Bn brief on Hyperliquid
Crypto costs crashed after Trump introduced new tariffs on China
HYPE worth prediction: HYPE crypto to $50?
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