The high-risk operator James Wynn criticized Hyperliquid for its poor referral plan, stating that this policy will be its greatest downfall. According to a post on X, Wynn confirmed that the rise of new platforms with better incentives will mark the end of Hyperliquid.
James Wynn revealed that he earned $34,000 in referrals on Hyperliquid, arguing that the amount is a poor sum considering the number of sign-ups and the trading volume generated.
"Their referral program is terrible," wrote Wynn on X. "Other platforms have much better options".
James Wynn revealed that he attempted on two occasions to reach a collaboration agreement with Hyperliquid due to the interest generated by the DEX. He noted that the Hyperliquid team rejected his proposal because a collaboration contradicts their policies. Previously, it was speculated that his operations were a marketing strategy to attract users to Hyperliquid.
Wynn has left Hyperliquid multiple times, promising to quit perpetual cryptocurrency trading after considerable losses. This high-risk operator has criticized large companies for taking advantage of the transparency of DEX and manipulating prices to force liquidations.