According to cryptocurrency onchain data, whale trader James Wynn, one of the most talked about topics of recent days, has been giving alarm signals for several days.
Trader James Wynn, who has become especially popular with his on-chain transactions, earned $87 million in 70 days on the decentralized cryptocurrency exchange Hyperliquid. However, the unfortunate cryptocurrency whale lost almost all of it in the last 5 days.
In his previous trades, it was reported that Wynn made a profit of $65.2 million from PEPE transactions.
In the current situation, when the giant whale’s onchain positions on Hyperliquid are examined, we see that he still holds a long position in Bitcoin with 40x leverage. Interestingly, the position, which opened at $ 108,339 and was worth $ 528 million, is currently at a loss of $ 3 million and also paid $ 418 thousand in transaction fees.
Bitcoin is trading at $107,853 at the time of writing, and Wynn’s position will be liquidated if the BTC price drops to $106,440. However, Wynn will likely either close the position or add more funds before the liquidation.
*This is not investment advice.
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