1 month ago
James Wynn, the pseudonymous trader down a billion-dollar bitcoin (BTC) stake earlier this year, is back. This time, Wynn is making a leveraged play connected ASTER conscionable days aft being liquidated connected the aforesaid token.
Wynn has opened a new 3x leveraged long connected ASTER, the autochthonal token of the emerging Aster perpetuals exchange, worthy implicit $16,000, entering astatine $1.97 with a liquidation level astir $1.57.The determination was archetypal spotted by Onchain Lens.
While the dollar magnitude seems tiny compared to Wynn's erstwhile positions, the commercialized is apt to beryllium a hedge connected a antithetic presumption connected Aster itself. "I’m farming the $ASTER airdrop,” the trader wrote connected X. “I judge it volition beryllium 1 of the biggest [in] crypto history.”
The determination is Wynn’s latest high-risk stake connected Hyperliquid, an onchain derivatives level wherever helium antecedently took retired a $1.2 cardinal agelong connected bitcoin utilizing 40x leverage.
That presumption closed with a $17.5 cardinal loss, earlier helium flipped into a billion-dollar short. At 1 point, helium had his full $50 cardinal wallet connected the line.
That chaotic streak ended with Wynn saying helium was walking distant “a wynner” aft netting $25 cardinal successful profit.
Read more: How James Wynn's $100M Implosion Is Familiar Leverage Tale
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