Is The White House Injecting Hyperliquid? Big investor Refutes Trump Insider Trading while HYPE Price Forecast Aims for $50

October 10 will be remembered in crypto asset history as a day of devastation for traders. More than just a Black Swan occurrence, it was akin to an apocalypse, marked by the decline of even leading altcoins, with some plummeting nearly to $0. While the HYPE price predictions may offer a silver lining, the trading market continues to grapple with the aftershocks of the sell-off. Some attribute this downturn to Donald Trump and insiders from the White House, claiming they hastened the decline, while others point the finger squarely at Binance, the largest trading protocol globally, for their challenges and liquidations.

Amidst this turmoil, Hyperliquid, a decentralized perpetual exchange that is quickly accumulating trading volume and competing with major players, finds itself in the eye of the storm. As a transparent protocol where all positions are trackable, Hyperliquid has become the venue where a significant short position was taken by a knowledgeable crypto large holder mere minutes before the market downturn.

A large holder has opened a $750M, 10x leveraged $BTC short position. It’s already $3.7M in the red and will be liquidated if $BTC climbs above $130,800.

What do they know? pic.twitter.com/GbJwoXw54e

— BTC Titan (@BitcoinTitann) October 10, 2025

Due to this connection, questions have arisen regarding whether the White House, Donald Trump, and certain rogue insiders intentionally aimed to liquidate traders or if there exists a strategy to elevate Hyperliquid’s presence directly.

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Donald Trump, China, Garret Jinn, And The October 10 Crypto Collapse: The Connection

To ascertain the truth, we must analyze the events leading up to the October 10 collapse.

China ignited the chain reaction one day earlier with new regulations regarding the export of rare earth metals.

Less than 24 hours later, Donald Trump retaliated by declaring on Truth Social that the U.S. would impose a tariff exceeding 100% on China, alluding to rising trade tensions.

This “Trump Shock” swiftly incited crypto market panic, causing BTC and various top cryptocurrencies to plummet from over $120,000 to near $102,000 before a brief recovery. Consequently, an estimated $19 billion (potentially underreported) was abruptly closed across numerous perpetual exchanges.

Interestingly, analysts observed that just before Trump announced fresh tariffs on China, a large holder associated with Garret Jinn, the former CEO of the now-defunct trading platform BitForex, had initiated a $735M BTC short on Hyperliquid roughly an hour before the update.

(Source: eyeonchains, X)

When BTC USD dropped to $102,000, the crypto wallet was significantly profitable, as Jinn reportedly secured over $142 million in realized BTC gains.

According to onchain investigators, Jinn favors trades tied to Trump and the White House. Analysts state he also maintains a long position on “Will Trump pardon CZ in 2025?” on Polymarket, a bet gaining traction amid speculation about Trump’s potential pardon for Changpeng Zhao.

(Source: emmettgallic, X)

Many analysts posit that it’s not a mere coincidence that Jinn placed a massive short on BTC just moments before Trump announced new tariffs on China, whilst simultaneously holding a long position on another bet dependent on the White House’s actions. Some suspect that he may simply be a conduit for a larger insider trading operation that exploits White House information.

Changpeng Zhao shared analyses attributing the October 10 disruption to Jinn on X. Nevertheless, Jinn promptly countered, stating he has no ties to the Trump family or the president and that his transactions do not constitute insider trading.

The fund isn’t mine — it’s my clients’. We run nodes and provide in-house insights for them.

— Garrett (@GarrettBullish) October 13, 2025

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Is the White House Supporting Hyperliquid? HYPE Price Prediction Reaching $50?

The debate around whether Jinn’s funds belong to him or his clients, as he claims, is moot at this point. Traders in the crypto space faced massive losses on Friday, and it might take several weeks for BTC and top Solana meme coins to reach new highs by October 2025.

The fact that Jinn engaged in a short position on BTC through Hyperliquid has led to allegations suggesting potential backing of the perpetual exchange by the White House, indirectly pushing HYPE prices upward.

However, no credible evidence currently links Donald Trump or the White House to these claims. Trader Jinn has dismissed any connections with the First Family, reiterating that the funds in question belong to his clients.

Nevertheless, the mention of the White House, the Trump family, and the ongoing discussions surrounding high-level crypto price manipulation involving Hyperliquid has certainly increased visibility for the perpetual exchange.

HYPE crypto remains in the red at the time of this report, having sharply retraced from its highs on October 13. If HYPE USDT can secure support above $30, HYPE crypto prices might bounce back to as high as $50.

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The post Is The White House Supporting Hyperliquid? Large holder Denies Trump Insider Trading as HYPE Price Prediction Aims for $50 appeared first on 99Bitcoins.