According to Onchain data, James Wynn, a whale trader known in the crypto world for his long position in big bitcoins in the decentralized cryptocurrency exchange hyperliquid, bought a small amount of altcoins today.
According to the data, James Wynn bought $2.44 trillion Zeus using $104,000 worth of ETH. However, it is important to note that this token is a memo coin with no inherent value and may be a scam.
James Wynn was recently accused of anonymously hedging his long Bitcoin position in another short position in a centralized cryptocurrency exchange. Wynn may have aimed to benefit from high lipid air attachment by recording high trading volumes without burdening losses.
Wynn was recently spoken about the massive losses he saw in his longstanding position. However, if there was a questionable hedge position, it can be said that Winn acted in a way that misled his followers.
*This is not investment advice.
