James Wynn, pseudonym trader behind $1 billion BTC$109,499.04 The bets returned earlier this year. This time, Winn plays leveraged with Aster a few days after being settled with the same token.
Wynn opened a new triple leverage in Aster, the native token of the emerging Aster Perpetuals Exchange, which exceeds $16,000, and entered at $1.97 at a liquidation level of around $1.57.
Although the dollar amount appears to be smaller than Winn’s previous position, trade could be a hedge of another position in Aster itself. “I’m farming $aster airdrop,” the trader wrote to X:
The move is Wynn’s latest high-risk bet on Hyperliquid, an on-chain derivatives platform that has ingested $1.2 billion in Bitcoin using 40x leverage.
That position was closed at a loss of $17.5 million, and he later flipped to a short short of $1 billion. At one point he had an entire $50 million wallet on the line.
That wild streak ended with Winn walking “Winner” after winning $25 million in profit.
Read more: How familiar is the familiar leverage story of James Wynn’s $100 million implosion
