The great merchant James Wynn is doing and losing millions where everyone can see, and is attracting a lot of attention to hyperlichid.
It seems that all the observation of the cryptographic community is in James Wynn, the whale merchant, who is attracting a lot of attention to the hyperlichid (hype). After winning around $ 90 million in profits not made, at present, Wynn is in the danger zone.
James Wynn is one of the few great merchants who show his cryptographic wallet often shares updates on X (previously Twitter). In May, people noticed it when he opted $ 830 million that Bitcoin would rise. The next day, he added another $ 1.1 billion since the price of Bitcoin exceeded $ 111,000. At that time, it rose around $ 40 million but only on paper.
Wynn used 40x leverage, which means that he borrowed a lot to make a much larger bet. If Bitcoin fell to $ 107,975, he would lose everything he put. At first, the exchange earned money, but after the news about Trump’s tariff plan came out, Bitcoin’s price fell and the exchange began to lose money.
On May 25, Wynn made a new commitment that the price of Bitcoin would decrease, for a value of approximately $ 856 million, again using a leverage of 40x. He did this to try to balance his previous losses. But he only maintained open trade for 15 hours and ended up losing $ 15.5 million in it.
His last exchange that earned money was on May 24, when he won $ 18.4 million, probably to help handle the risk. After that, he continued to maintain more than 5,000 Bitcoin in his long position.
His last profitable exchange was on May 24, when he won $ 18.4 million, probably as part of a risk management movement. After that, he maintained more than 5,000 BTC in the length.
At the time of reporting reports, Wynn occupies a long open position in Bitcoin worth 5,063,59 BTC. Although an operation obtained a small gain, the total profits and losses not made for the week in its wallet shows a loss of $ 36.79 million.
The risk of transparency: never show your positions
Wynn’s great exchanges were the largest in hyperlichids and got more people to be interested in the platform and decentralized exchanges (DEX). Some people are open about their trades, but others still doubt it.
Many merchants think that it has bad luck to show their trades to the public, especially when the trades are very large. It can cause additional stress and facilitate bad decisions when the market changes. With Wynn, thousands of people are now observing their live profits and losses.
Wynn is also popular for excellent trade in the Meme Coin Pepe (Pepe). In April 2023, he made a prediction in X that Pepe’s market capitalization would increase from $ 4 million to $ 4 billion, and he did.
According to Lookonchain, he won $ 25.3 million of Pepe Trade in Hyperliquid.
James Wynn has also changed other assets with leverage, including Ethereum (ETH), SUI (SUI) and Fartcoin (Fartcoin). At its maximum of all time, his wallet showed about $ 87 million in profit. This instant decrease caused some people in the world of cryptography to make fun of losses.
However, James Wynn is still active on social networks. On May 27, he said that despite the fact that things fell recently, all his wallet is still at approximately $ 25 million.
Losses for wynn, profits for hyperlycides
Trades as great as those of James Wynn do not often occur in decentralized exchanges, which can have their own special risks. But Wynn has said many times that it supports hyperlichid. In a publication, he said that he will not move to regular (centralized) exchanges and also explained why he shares his offices openly.
Its commercial activity also rose platform metrics. For example, he paid $ 1.5 million in rates only for his profitable Bitcoin trade on May 24.
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