Summary
- James Wynn, a Hyperliquid whale, has reportedly entered a 40x long position in Bitcoin.
- The total position size amounts to $68.05 million, which is considered a strategy with significant risk.
- James Wynn also revealed that he holds a 10x long position in the Pepe coin.
James Wynn, known as a whale on the decentralized futures exchange (DEX) Hyperliquid (HYPE), has reportedly taken a 40x long position in Bitcoin (BTC).
On the 26th (local time), cryptocurrency analyst ai_9684xtpa announced on X (formerly Twitter) that "James Wynn has established a 40x long position in Bitcoin," adding that "the total position size is approximately $68.05 million." The average purchase price and liquidation price are $109,715 and $102,430, respectively.
As of 4:02 PM, Bitcoin is trading at $109,915 on the Binance USDT market, up 1.95% from 24 hours ago.
Meanwhile, he has also entered a 10x long position in the meme coin Pepe (PEPE) with a size of $9.92 million.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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