Crypto trader James Wynn, who gained popularity after losing $100 million on Bitcoin bets, has finally said goodbye to perpetual trading. In the meantime, he has also unstaked and sold all of his Hyperliquid (HYPE) coins earlier today. Wynn used the Hyperliquid decentralized exchange for executing his billion-dollar Bitcoin bets. Crypto Trader James Wynn Liquidates All of His Hyperliquid Tokens Renowned crypto trader James Wynn has executed a major move in the DeFi space, unstaking and selling his entire holding of 126,116 HYPE tokens for $4.13 million. After conducting the sale at an average HYPE price of $32.72 per token, Wynn also withdrew of all USDC from the Hyperliquid platform, reported blockchain analytics platform Spot On Chain. Wynn initially purchased the HYPE tokens on May 9 and 12 at an average price of $24.84, amounting to a total investment of $3.13 million. With this recent transaction, Wynn booked an estimated… Read More at Coingape.com
The post James Wynn Dumps Hyperliquid, Says Bye Bye to Perpetual Trading appeared first on CoinGape.