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Crypto Whale James Wynn Liquidated in 12 Hours as BTC Soared to New Peaks

TL;DR

  • The popular crypto whale going by the X handle James Wynn suffered another painful liquidation, at least for one of their visible wallets, tracked by Lookonchain.
  • This came as bitcoin’s price surge kept going in the past 12 hours or so, hitting a fresh all-time high above $117,000.

What’s particularly interesting about today’s liquidation is the amount of time BTC needed to prove the naysayer wrong – under 12 hours. Wynn opened the trade yesterday on Hyperliquid by depositing almost $28,000 and claimed a referral bonus of over $3,950.

However, this is far from the first instance where Wynn’s known wallet has been wrecked. As previously reported, some of his most painful losses resulted in multi-million-dollar wipeouts, which raised multiple questions within the community, including from Arthur Hayes.

Bitcoin’s price pumps over the past 36-48 hours, in which the asset flew from under $108,000 to a new all-time high of over $117,000 earlier today, has left other short whales in limbo as well. Recall that this one was wrecked for more than $51 million during the initial surge.

Lookonchain, though, reported another one, who is currently down by more than $10 million on their short position but deposited another $5.5 million USDC to Hyperliquid to avoid liquidations.

The post Crypto Whale James Wynn Liquidated in 12 Hours as BTC Soared to New Peaks appeared first on CryptoPotato.

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