2 weeks ago
One of the astir closely watched crypto wallets successful caller weeks is present betting connected pepe (PEPE), days aft drumming up a grounds billion-dollar notional presumption connected bitcoin BTC connected the onchain trading level Hyperliquid.
The wallet has gone agelong connected PEPE with $1 cardinal astatine 10x leverage, flipping from billion-dollar bitcoin trades to high-stakes memecoin bets. The presumption is already up $500,000 arsenic of European greeting hours, with pepe up astir 6% successful the past fewer hours.
Pseudonymous trader “James Wynn” — known arsenic “moonpig” connected decentralized speech Hyperliquid — closed their $1.2 cardinal BTC agelong presumption with a $17.5 cardinal nonaccomplishment connected Monday.
Wynn past opened a $1 cardinal abbreviated utilizing 40x leverage, efficaciously wagering their full $50 cardinal wallet connected the downside. Both positions are a grounds for an onchain level and correspond the biggest bets placed wholly connected a blockchain-based service.
Wynn’s caller abbreviated was opened astatine an mean terms of $107,077, and has already netted astir $3 cardinal successful nett arsenic BTC hovered conscionable beneath that level Monday, earlier losing immoderate value.
The commercialized is simply a high-risk philharmonic chairs event: if BTC rises supra $110,446, Wynn’s presumption could beryllium liquidated unless further collateral is posted, information shows.
That presumption is since closed and Wynn said connected X stepping distant from perpetual trading altogether. They person netted a full nett of $25 cardinal from an archetypal supra $3 million, the relationship said connected X.
“Now decided to permission the casino with my $25,000,000 profit,” helium posted. “It’s been fun, but present it’s clip for maine to locomotion distant a wynner.”
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