Quick Breakdown
- Trader linked to pre-tariff short bets reportedly won $56K on Trump pardoning Binance founder CZ.
- Former BitForex CEO Garrett Jin denies ties to the wallet accused of insider trading.
- Analysts split on whether the trades reflect insider info or just savvy market speculation.
Trader behind Trump tariff bets strikes again
The mysterious crypto trader who made headlines for shorting Bitcoin and Ethereum just hours before U.S. President Donald Trump announced steep tariffs on China has reportedly scored another profitable prediction — this time by betting that Trump would pardon Binance founder Changpeng “CZ” Zhao.
bigwinner01 was funded by ergeignis.eth who was seen interacting here a wallet associated to the billion dollar hyperliquid whale.https://t.co/dDNp1xAF83
— Euan (@euanker) October 23, 2025
On-chain sleuth Euan flagged data from Etherscan, linking the same crypto wallet used in the earlier trades to a Polymarket account. Records show the account earned $56,522 by correctly wagering that Trump would issue a pardon for Zhao in 2025.
The trader’s uncanny timing in both cases has reignited speculation of possible insider access to confidential political information.
Insider trading rumors resurface
Popular on-chain investigator Coffeezilla described the trades as “looking like obvious insider knowledge” in a post to his 736,600 followers on X, resharing another investigator’s claim that the trader “knows something we don’t.”
Former BitForex CEO Garrett Jin, however, has publicly denied any link to the wallet address. Jin faced similar accusations earlier this month when the same address opened a short position on Bitcoin less than an hour before Trump’s October 10 tariff announcement.
“I have no connection with the Trump family,”
Jin said, adding that the funds belong to his clients, not him. He explained that his firm “runs nodes and provides in-house insights” for its investors, distancing himself from allegations of market manipulation.
Market opinions divided
Despite the controversy, some in the crypto community dismissed claims of insider trading. Swan Desk CEO Jacob King said the pardon was “obvious,” revealing he personally earned $956,000 from a similar bet.
“After CZ poured over $2 billion into WLFUSD Stablecoin, that move practically screamed pay-for-pardon,”
King claimed
Crypto analyst Abbas echoed this view, arguing that the pardon had been widely discussed for months.
“You really think someone with access to the President of the United States would use insider info to make just $56k?”
he said.
If you would like to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
