Do you remember James Waynn, who won over 80 million dollars and lost it all because of futures (his trades on Hyperliquid)?
He actually lost more than 80 million dollars, and it's all documented on the blockchain. But what if James was very smart and didn't lose anything?
There's something called Hedge, which means you open a long and a short position at the same time on the same currency. Some use it to market themselves as strong traders, and some of them don't know about it and might start applying it from now on ๐คฃ
What if James was opening a Long on his well-known account while simultaneously opening Shorts on several unknown accounts, so he ends up with zero losses and uses that to market himself, especially since he's not stupid or new to the market to not do a Hedge and lose 80 million dollars easily?
This remains a scenario from my personal perspective only, and its likelihood is quite high. So don't believe everything you see on social media ๐