On the 22nd (local time), a cryptocurrency whale on the decentralized exchange Hyperliquid made a long-term investment with 40 times the existing leverage.
The anonymous X account, "James," has increased his position to a total of $1.1 billion. This is the first transaction on the platform to exceed $1 billion.
Wynn” claims to be the owner of the position, which has a valuation of around $36 million, according to block explorer data from Hypurrscan.
The trade involved multiple margin injections totaling $28.4 million to expand a long Bitcoin position, with an average entry price of $108,065.
Cryptocurrency analyst Sigma^2 rated X as "He's done it. HyperLiquid's first ever $1 billion position."
The position had briefly recorded a loss of $16.3 million, but on May 21, Bitcoin hit $110,000.
The breakout led to a successful bounce, with the position comfortably surpassing the liquidation price of $103,790 as Bitcoin price approached $112,000.
Meanwhile, James, a high-risk leverage trader and self-described meme coin maximalist,
Wynn" is known for recommending the purchase of the famous meme coin PEPE when it had a market capitalization of $600,000.
According to data from Hyperscan, “James Wynn” began using HyperLiquid about two months ago and deposited $4.65 million in USDC stablecoins at the time.
He then made a total of 32 trades, including long positions in XRP, TRUMP, FARTCOIN, Toncoin, etc.
2025/05/23 11:15 KST
Copyright(C) BlockchainToday wowkorea.jp 118