Cryptocurrency trader James Wynn suffered significant losses after closing a short position on Bitcoin on the Hyperliquid platform. His losses amounted to an impressive $15.52 million. Following this, Wynn decided to open a new long position, hoping for a rise in the cryptocurrency.
This is reported by Finway
It is worth noting that on May 24, the trader closed two trades, one involving Bitcoin and the other a meme coin, PEPE. The profit from these trades, excluding fees, was $18.36 million and $25.23 million respectively.
Current Status of the Trader’s Positions
At the time of writing, the trader was left with two open positions, again including Bitcoin and PEPE. In particular, the position with the first cryptocurrency will be liquidated upon reaching a level of around $103,324.
Total Profit and Other Achievements
James Wynn’s total profit on the Hyperliquid platform exceeds $25.5 million. Previously, he also increased his deposit by 181 times thanks to a meme coin on the Solana network, highlighting his success in the world of cryptocurrencies.
James Wynn suffered a loss of $15.52 million after closing his Bitcoin short position.
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