Jin has completely denied allegations of market manipulation and short selling by anonymous on-chain analysts.
On the 13th (local time), Jin commented on X that he had "no ties whatsoever with the Trump family." Furthermore, a cryptocurrency analyst who claims to be the owner of the wallet used for short selling Bitcoin
The company also completely denied the claims made by the list "Eye" and the allegations of insider trading. The wallet in question was the one that President Trump declared "100% owned by China" on the 10th (local time).
He opened a short position about an hour before the announcement that "the United States will impose tariffs on the United States." This move has been pointed out as one of the main reasons for the sudden drop in Bitcoin.
On the 11th, analyst Ai claimed that Jin is a “hyper liquid whale” on X, holding more than 100,000 BTC.
Jin responded, "The wallet in question is not personal, but is the client's asset," and added, "Former Binance CEO Changpeng Zhao
Zhao retweeting Ai's post to his 10 million followers is irresponsible and spreads personal information."
Although no direct connection to Jin has been confirmed, the wallet address in question has a total value of approximately 700 million.
It has been discovered that the funds were used in a $35 million Bitcoin short sale transaction. Immediately after President Trump's announcement, the price of Bitcoin plummeted to approximately $102,000.
The president softened the tone of his remarks somewhat, saying on social media, "I hope people don't worry too much about China."
2025/10/14 11:53 KST
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