A recent market meltdown in the crypto world exposed a worrying underbelly of this nascent industry: vulnerability to insider trading. Data reveals that a large short position was taken out on Hyperliquid before President Trump’s announcement of tariffs on China, resulting in $160 million gains for traders involved. This incident has sparked speculation about potential market manipulation, with some even suggesting connections between the “whale” behind the transaction and the presidential family itself. 💰 🤯 This isn’t an isolated incident. As CoinBureau founder Nic Puckrin argues, token launch models themselves are ripe for manipulation, with venture capital firms often using pre-launch allocations to sell on listing at retail trader expense. This highlights a larger issue: crypto remains largely unregulated and open to manipulation despite its rapid growth.