COINOTAG reported on May 28th that HyperInsight data indicates that notable crypto whale James Wynn has amplified his Bitcoin long position by an impressive 40x within a brief timeframe of approximately 30 minutes. This strategic maneuver has propelled his total investment to a staggering $600 million. Wynn’s entry price stands at $109,669, while his liquidation price is marked at $107,200, reflecting a current unrealized loss of $5.32 million.
In a bid to bolster his trading margin, it was previously reported that Wynn divested 240 billion PEPE tokens just two hours prior, securing $3.32 million from the sale. This adaptive trading strategy illustrates the volatile yet potentially lucrative nature of the cryptocurrency market, highlighting the dynamic actions of major players in response to market conditions.