James Wynn, the pseudonymous dealer behind a billion-dollar BTC$109,499.04 guess earlier this yr, is again. This time, Wynn is making a leveraged play on ASTER simply days after being liquidated on the identical token.
Wynn has opened a brand new 3x leveraged lengthy on ASTER, the native token of the rising Aster perpetuals change, value over $16,000, getting into at $1.97 with a liquidation stage round $1.57.The transfer was first noticed by Onchain Lens.
Whereas the greenback quantity appears small in comparison with Wynn’s earlier positions, the commerce is prone to be a hedge on a unique place on Aster itself. “I’m farming the $ASTER airdrop,” the dealer wrote on X. “I imagine it will likely be one of many largest [in] crypto historical past.”
The transfer is Wynn’s newest high-risk guess on Hyperliquid, an onchain derivatives platform the place he beforehand took out a $1.2 billion lengthy on bitcoin utilizing 40x leverage.
That place closed with a $17.5 million loss, earlier than he flipped right into a billion-dollar brief. At one level, he had his complete $50 million pockets on the road.
That wild streak ended with Wynn saying he was strolling away “a wynner” after netting $25 million in revenue.
Learn extra: How James Wynn’s $100M Implosion Is Acquainted Leverage Story
