Markets
What to know:
- Pseudonymous trader James Wynn, famed for a billion-dollar bitcoin bet, has unfurled a fresh 3x levered long on ASTER.
- Wynn’s shiny new trade arrives just days after a graceful liquidation on the same token, because apparently ASTER’s airdrop will go down in crypto folklore.
- This latest caper is part of Wynn’s long-standing habit of high-risk theatrics on Hyperliquid, the on-chain derivatives stage where he previously conjured a $1.2 billion long on Bitcoin.
James Wynn, the masked oracle behind a billion-dollar wager earlier this year, is back with a new spell. This time he’s casting a leveraged long on ASTER, right after his last incantation left him liquidated on the same token-because timing is everything and everything is volatile, apparently. 🧙♂️💸
Wynn has opened a 3x leveraged long on ASTER, the native coin of the up-and-coming Aster perpetuals exchange, entering at $1.97 with a liquidation line around $1.57. The move was first spotted by Onchain Lens. It’s not the size of the bet that matters, it’s how dramatically you can pretend it’s a hedge against something else while shouting “airdrops!” into the void. 🚀🔎
While the dollar amount might look small beside his earlier escapades, this trade likely doubles as a hedge on a separate Aster position. “I’m farming the $ASTER airdrop,” he quipped on X. “I believe it will be one of the biggest [in] crypto history.” Ah, the noble art of hedging with theatrical flair. 🪙✨
The move is Wynn’s latest high-stakes flourish on Hyperliquid, an on-chain derivatives playground where he previously rode a $1.2 billion Bitcoin long with 40x leverage. Yes, four tens of leverage-because restraint is for people who aren’t chasing dragons. 🐉💥
That flamboyant chapter closed with a $17.5 million loss, before he pivoted to a billion-dollar short and, at one point, dared to stake his entire $50 million wallet on the outcome. The grand finale of that spree ended with Wynn walking away “a wynner” after netting $25 million in profit, which may or may not be how you spell victory in some circles. 🥳🏰
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2025-09-27 22:32