A crypto businessman known as James Wynn has brought a lot of interest after it has been reported to earn more than $ 46 million in revenue in just two months in the Hyperliquid's decentralized exchange.
Since March, he has packed surprising income through a series of high-leverage positions in Bitcoin and various coin memes, including Pepe, Trump, and Fartcoin.
Hyperliquid Trader criticizes CEXs while riding in $ 46 million income waves
According to the On-chain analytics firm LookonchainWynn started active Hyperliquid trading around mid -March.
Since then, he has placed an aggressive long position with leverage from 5x to 40x. The five of those positions remain open and still make up significantly unstoppable gains.
The lookonchain reported that Wynn's most profitable position was a 10x long in meme coin Pepe, delivering approximately $ 23.8 million in the unknown income. He also holds 40x long in Bitcoin with about $ 5.4 million in the paper.
Other well -known trading includes 10x long in Trump's token, which covers $ 5.57 million. Another trade involves a 5x length in Fartcoin, which formed $ 5.15 million, and a 5x long on the hype, which gave nearly $ 31,000.
His approach and uniform performance put him on top of the Hyperliquid businessman's leader.
In just 24 hours, it has been reported that he has earned $ 11.4 million, which is further cement to him as one of the most successful platform entrepreneurs.
Hyperliquid user base continues to grow beyond the controversy
Meanwhile, Wynn has drawn attention not just for his income. He also became a vocal supporter of Hyperliquid and a cruel critic of centralized exchanges.
In public posts, he said platforms like Bybit manipulated list of tokens for internal gain, suggesting that they often introduce tokens to overthrow them to retail businessmen.
He said he would reject a $ 1 million monthly offer to trade in Bybit, citing ethical concerns.
Instead, Wynn described hyperliquid as a rare, reliable space platform. While the recent controversy of the platform surrounding the Jelly Meme Coin Short squeeze has received widespread criticism, many whales and experienced entrepreneurs have continued to support it.
Hyperliquid is designed for eternal trade in futures and delivers rapid on-chain implementation. The platform allows users to control their funds without mediators, making it a charming -attractive choice for many entrepreneurs during the day.
As a result, the platform increases fast in the last year. According to Defillama, Hyperliquid now regulates more than 60% of the decentralized ongoing market, from 44% to the end of 2024.
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