A Crypto Whale has expanded an existing 40x leverage long bitcoin bet on decentralized exchange hyperlicid to $ 1.1 billion, which has shocked the Crypto community and is believed to have the first position of more than $ 1 billion on the stage.
The X account “James Veen” claims to be behind the situation, which is now $ 36 million on business, data From the Block Explorer Show of Hipurcan.
A $ 28.4 million margin status was used in many trades to increase bitcoin (BTC) The situation is now priced at $ 1.13 billion. The average bitcoin entry price was $ 108,065.
Crypto analyst Sigma^2 wrote On X “the first position (on hyperlicid) is more than $ 1B.”
The long position of WYNN was at a loss of about $ 16.3 million before shooting back as bitcoin broke through $ 110,000 on 21 May. The situation sits comfortably above its liquidation value of $ 103,790, as bitcoin is well Over $ 110,000 And near $ 112,000 in early trade on 22 May.
Hyperardash data suggests that Crypto Whale began to discontinue some bitcoin long positions when Bitcoin was trading around $ 106,000 on 20 May.
“That MFE has steel veins,” Crypto impressive Folice wroteWhereas the other called the businessman a “absolute crazy man” or questioned his spirit in doing business.
Who is “James Win”?
Vyana Describes As self High -risk leverage trader And Memcoin maxi Which is believed that Paype (Pepe) A purchase when its market cap was $ 600,000.
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Crypto Whale began using hyperlicid two months ago, which collects Stabelcoin USDC worth $ 4.65 million (USDC) On the platform, the hypskain shows data.
He has since completed 32 trades, which includes long positions on XRP (XRP), Official Trump (Trump) Token, Fartcoine (Fartcoin) and Tonquine (Ton,
Hyperlicid dex Hyperlicid layer 1 is a flagship product on blockchain, which also offers spot trading and lending and lending services along with other things.
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