Whale dealer James Wynn, identified within the cryptocurrency world for his massive Bitcoin lengthy positions on the decentralized cryptocurrency alternate Hyperliquid, purchased a small quantity of an altcoin right now, in response to onchain information.
Information reveals that James Wynn used $104,000 price of ETH to buy $2.44 trillion ZEUS. Nevertheless, you will need to be aware that this token is a memecoin with no intrinsic worth and may very well be a rip-off.
James Wynn was lately accused of anonymously hedging his Bitcoin lengthy positions with a separate brief place on centralized cryptocurrency exchanges. Wynn could have been aiming to profit from Hyperliquid airdrops by recording excessive buying and selling volumes with out incurring any losses.
Wynn has been talked about lately for the big losses he apparently suffered in his lengthy positions. Nevertheless, if the alleged hedge place exists, it may very well be mentioned that Wynn acted in a method that misled his followers.
*This isn’t funding recommendation.
