Latest news with #Hyperdash
Yahoo
3 days ago
- Business
- Yahoo
Bitcoin Bull James Wynn Close to Total Liquidation as Losses Near $100M
James Wynn, the Hyperliquid trader who had at one time a billion-dollar notional position, has become an outsized victim of bitcoin's BTC cooling sentiment. Wynn's current highly leveraged BTC position, which he appears to be struggling to maintain, spiralled into a loss of nearly $100 million over the last week. Data from Hyperdash shows that Wynn's margin usage is nearing 100%, which would result in a total liquidation of his position, though Wynn recently made a deposit of $376,000 to bolster his defenses. The trader, known for making aggressive bets under the pseudonym "moonpig," currently holds a long position of approximately 1,690 BTC, valued at roughly $178.78 million. On-chain data shows that Wynn's 40x leveraged BTC bets now carry an unrealized loss of approximately $3.5 million, representing a negative return of 77%. But with BTC trading near $106,000, just slightly above Wynn's liquidation price of around $104,607, any further decline in the asset's price could trigger automatic forced sales.
Yahoo
3 days ago
- Business
- Yahoo
James Wynn Goes Long on PEPE Hours After Losing $100M on Leveraged Bitcoin Bet
'James Wynn,' the closely-watched trader, has now placed a $12 million worth of long bet on PEPE just hours after losing over $100 million in bitcoin BTC long positions. Wynn, known for placing billion-dollar bets on the onchain trading platform Hyperliquid, opened a new 10x leveraged long worth more than $12 million on the memecoin PEPE, Hyperdash data shows. Wynn now holds 934 million PEPE tokens valued at approximately $12.1 million. His entry price of $0.0129 has already netted him an unrealized gain of 10.66%—a small but notable pivot after last week's disastrous Bitcoin trade. Wynn's bitcoin losses are the stuff of crypto legend. Earlier in the week, he had built a record-setting $1.25 billion notional long position at an average price of $108,243, only to see it collapse as bitcoin's dipped below $105,000 after U.S. President Donald Trump's tariff announcement on EU exports. Multiple liquidations — including a 527 BTC position worth over $55 million and a 421 BTC position worth nearly $44 million — wiped out more than $100 million of Wynn's holdings over the past days. As such, the latest move into PEPE has got traders wondering if Wynn is a real person with a gambling addiction — or an account funded to drum up attention to Hyperliquid. Either way, the money is real and the week-long saga has proven Hyperliquid's capability to handle billions of dollars in a single trader wholly using smart contracts and its native blockchain. The hype has turned out real for Hyperliquid's own HYPE, with the token up 20% in the past two weeks amid the recent attention to the platform.
