- StockStory Top Pick NVDA -2.59%
- ETH-USD +1.48% ZEC-USD -0.64% HYPE32196-USD +5.35%
A mysterious crypto trader has gone long on two popular cryptocurrencies ahead of President Donald Trump's executive order today.
Trump is expected to sign an executive order regarding state regulations on artificial intelligence (A) at 4:00 PM EST on Nov. 24.
AI and crypto are among Trump's top tech agendas. Notably, the president is considering allowing Nvidia (Nasdaq: NVDA) to sell advanced AI chips to China, Commerce Secretary Howard Lutnick recently said.
U.S. President Donald Trump listens as first lady Melania Trump speaks at a signing ceremony for the "Fostering the Future" executive order in the East Room of the White House on November 13, 2025 in Washington, DC. Crypto whale bets long on millions of dollars
Ahead of Trump's executive order, a crypto trader opened long positions on Ethereum (ETH) and Zcash (ZEC) worth millions of dollars.
As per the onchain analytics platform Lookonchain, a crypto whale opened a 5 times leveraged long position on ETH and a 10 times leveraged long position on ZEC on Hyperliquid, the popular decentralized crypto trading platform.
Latest data shows that the whale has opened positions worth $32 million in ETH and $19.4 million in ZEC.
The trader is sitting on an unrealized profit of $1.5 million at the time of writing.
Source: 0xa43d75213160aff6db3b9761dd5ac4fb4fa57d28, Hyperdash Ether is the world's second-largest cryptocurrency after Bitcoin (BTC). The blockchain network has established itself as a prominent launchpad for decentralized applications (dApps).
Zcash is a privacy-focused cryptocurrency. Zcash introduced a breakthrough in privacy technology through the use of zero-knowledge proofs (zk-SNARKs), allowing transactions to be verified without revealing sender, receiver, or amount.
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Crypto market attempts recovery
The total crypto market cap recovered to soar past the $3 trillion mark, up 2% in the last 24 hours.
BTC was trading at $88,645.47 at the time of writing, up 1.26%.
ETH was trading at $2,967.58, up 4.72%. ZEC was trading at $570.94, down 5.65%.
Solana (SOL) jumped by 3% in a day, trading at $137.12. The sixth-largest cryptocurrency by market cap, Solana is among the leading blockchain ecosystems.
Story ContinuesThe network’s builders and investors will gather at the Solana Breakpoint in Abu Dhabi during Dec. 11-13, where they will explore key strategic and operational concerns at the annual developer and ecosystem conference.
This story was originally published by TheStreet on Nov 24, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
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