The Giant Crypto Whale Had Gained 87 Million Dollars in 70 Days: However, Luck Has Not Been On Their Side Recently! Here is the Situation

According to crypto onchain data, one of the most talked-about topics in recent days, whale trader James Wynn has been giving alarm signals for several days.

Trader James Wynn, who has become popular especially with his recent onchain transactions, had earned 87 million dollars in 70 days through the decentralized crypto exchange Hyperliquid. However, the unfortunate crypto whale lost almost all of it in the last 5 days.

It was reported that Wynn made a profit of 65.2 million dollars from PEPE transactions in its previous trades.

Currently, when examining the on-chain positions of the massive whale on Hyperliquid, we see that it still holds a long position in Bitcoin with a leverage of 40x. Interestingly, the position opened at the level of 108,339 dollars, worth 528 million dollars, is currently at a loss of 3 million dollars and has also paid 418 thousand dollars as transaction fees.

Bitcoin is trading at the level of 107,853 dollars at the moments this article is being written, and Wynn's position will be liquidated if the BTC price drops to 106,440 dollars. However, Wynn will likely either close the position or add more funds before liquidation.