BlockBeats reported on Aug. 20 that a series of remarks and actions by Donald Trump on the previous day triggered a sharp rally across the crypto market. The report said the impact of those comments could be far-reaching for the sector and described them as a possible sign of a bear-market bottom. Before that move, several well-known figures had already made comments or taken actions that later drew market attention. CZ posted at 7:36 p.m. the night before and hinted at buying the dip, while also saying he was not calling a bottom and that no one could do that. Arthur Hayes, for his part, announced on Aug. 18 that he was ending his retirement to lead crypto AI project Flop Labs and launch the FLOP token. Robinhood co-founder Vlad Tenev, who appeared at the same 819 summit as Trump, had also published a long post a day earlier expressing a bullish view on the prospects for the Robinhood chain and stock-token DeFi. On-chain tracking from TradingBeats also flagged a wallet that began accumulating ETH on Aug. 17 and had built a position of 10,657 ETH worth $20.7 million before staking it directly.
BlockBeats reported on Aug. 20 that a series of remarks and actions by Donald Trump the previous day set off a sharp rise in the crypto market. The report said those comments could have a deep impact on the sector and described them as a possible signal of a bear-market bottom.
Public hints appeared before the market move
Before the rally, several high-profile figures had already made comments or taken steps that later stood out.
CZ posted at 7:36 p.m. the night before and hinted at buying the dip. He wrote: 「If you want your future self two years from now to thank you for what you did today, then... (I am not predicting any bottom. No one can do that. But try taking a one-year time horizon.)」
Arthur Hayes announced on Aug. 18 that he would end his retirement and return to lead crypto AI project Flop Labs. He also rolled out the FLOP token.
Robinhood co-founder Vlad Tenev, who attended the same 819 summit as Trump, had published a long post a day earlier expressing a bullish view on the prospects for the Robinhood chain and stock-token DeFi.
TradingBeats flagged an ETH address that built a position early
On-chain activity also showed what the report called a suspected insider-style whale position. According to TradingBeats, wallet 0x8447A06F34e251ABeb55A0B7d5e01554F5072E0D began accumulating on Aug. 17 and built a total position of 10,657 ETH worth $20.7 million, then deposited the holdings directly into staking.
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