The mysterious whale long on Bitcoin 20 times for $300 million. Did James Wynn, who lost everything, return anonymously?

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BlockTempo
2 days ago
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According to Hypurrscan blockchain data shows, a mysterious whale (wallet address: 0x1f250df59a777d61cb8bd043c12970f3afe4f925) opened a 20x leveraged Bitcoin long contract on the decentralized exchange Hyperliquid, with a total value of $308 million, at an entry price of $108,100. Currently, this trade has gained $2.18 million in profit, with a liquidation price of $103,180.

James Wynn Anonymous Return?

This trade quickly sparked heated discussion in the crypto community, with many speculating whether this mysterious whale is an anonymous account of the famous trader James Wynn.

The reason is that after suffering a major loss from leveraged trading on Hyperliquid, James Wynn posted on the X platform on June 10th, claiming: "I will return to the gambling table with an anonymous account so that market manipulation conspirators can't find me." Additionally, the blockchain data platform Onchain Lens also pointed out that Wynn is likely the mastermind behind this massive leveraged long trade, further fueling community speculation.

James Wynn Claims His Liquidation Was Due to Malicious Targeting

James Wynn is known for high-leverage contract trading. He once turned $4 million in principal into $100 million within a month through high-risk operations, becoming a legendary figure in the cryptocurrency trading circle. However, his recent trades have been consecutive failures, losing all $100 million in profits within a month.

Regarding his experience, James Wynn has repeatedly posted on the X platform, claiming he was "targeted" and accusing some market participants of deliberately manipulating prices to attack his liquidation point. In his June 2nd post, he wrote: "They're coming after me again, don't let these evil guys liquidate me." He even revealed that some of his cryptocurrency exchange accounts were "closed without reason", raising questions about the market's fairness.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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