A crypto whale has taken Hyperliquid by storm, placing a massive 40x leveraged long position on Bitcoin worth $1.13 billion, marking what appears to be the first billion-dollar trade on the decentralized exchange. The trader, going by “James Wynn” on X, now sits on an unrealized gain of $36 million, according to data from Hypurrscan. Using $28.4 million in margin spread across several trades, Wynn entered Bitcoin at an average price of $108,065. The bold move came close to a $16.3 million loss before the price surged past $110,000 on May 21, pushing the position safely above the liquidation level of $103,790. Early May 22 trading saw Bitcoin near $112,000, further securing the position. Wynn had started reducing some exposure when Bitcoin hovered around $106,000 on May 20, as noted by HyperDash data. Still, the majority of the long position remained active as prices climbed. Wynn has built a reputation as a high-risk trader and self-declared memecoin enthusiast, claiming to have spotted Pepe (PEPE) early when its market cap was just $600,000. Since joining Hyperliquid two months ago with a $4.65 million USDC deposit, Wynn has completed 32 trades, including leveraged bets on XRP, Trump (TRUMP), Fartcoin (FARTCOIN), and Toncoin (TON). Hyperliquid’s DEX runs on its own Layer 1 blockchain and also supports spot trading, lending, and borrowing, offering a full suite of DeFi services. The scale and audacity of Wynn’s trade have left the crypto world buzzing, with many praising his risk tolerance—while others question his sanity. Using $28.4 million in margin spread across several trades, Wynn entered Bitcoin at an average price of $108,065. The bold move came close to a $16.3 million loss before the price surged past $110,000 on May 21, pushing the position safely above the liquidation level of $103,790. Early May 22 trading saw Bitcoin near $112,000, further securing the position. Wynn had started reducing some exposure when Bitcoin hovered around $106,000 on May 20, as noted by HyperDash data. Still, the majority of the long position remained active as prices climbed. Wynn has built a reputation as a high-risk trader and self-declared memecoin enthusiast, claiming to have spotted Pepe (PEPE) early when its market cap was just $600,000. Since joining Hyperliquid two months ago with a $4.65 million USDC deposit, Wynn has completed 32 trades, including leveraged bets on XRP, Trump (TRUMP), Fartcoin (FARTCOIN), and Toncoin (TON). Hyperliquid’s DEX runs on its own Layer 1 blockchain and also supports spot trading, lending, and borrowing, offering a full suite of DeFi services. The scale and audacity of Wynn’s trade have left the crypto world buzzing, with many praising his risk tolerance—while others question his sanity. Wynn had started reducing some exposure when Bitcoin hovered around $106,000 on May 20, as noted by HyperDash data. Still, the majority of the long position remained active as prices climbed. Wynn has built a reputation as a high-risk trader and self-declared memecoin enthusiast, claiming to have spotted Pepe (PEPE) early when its market cap was just $600,000. Since joining Hyperliquid two months ago with a $4.65 million USDC deposit, Wynn has completed 32 trades, including leveraged bets on XRP, Trump (TRUMP), Fartcoin (FARTCOIN), and Toncoin (TON). Hyperliquid’s DEX runs on its own Layer 1 blockchain and also supports spot trading, lending, and borrowing, offering a full suite of DeFi services. The scale and audacity of Wynn’s trade have left the crypto world buzzing, with many praising his risk tolerance—while others question his sanity. Wynn has built a reputation as a high-risk trader and self-declared memecoin enthusiast, claiming to have spotted Pepe (PEPE) early when its market cap was just $600,000. Since joining Hyperliquid two months ago with a $4.65 million USDC deposit, Wynn has completed 32 trades, including leveraged bets on XRP, Trump (TRUMP), Fartcoin (FARTCOIN), and Toncoin (TON). Hyperliquid’s DEX runs on its own Layer 1 blockchain and also supports spot trading, lending, and borrowing, offering a full suite of DeFi services. The scale and audacity of Wynn’s trade have left the crypto world buzzing, with many praising his risk tolerance—while others question his sanity. Hyperliquid’s DEX runs on its own Layer 1 blockchain and also supports spot trading, lending, and borrowing, offering a full suite of DeFi services. The scale and audacity of Wynn’s trade have left the crypto world buzzing, with many praising his risk tolerance—while others question his sanity.