Arthur recently bought back Ethereum and was mocked by the contract trading god for FOMO.
Against the backdrop of continuously rising Ethereum ($ETH) prices, two well-known figures in the crypto world, BitMEX founder Arthur Hayes and trader known as the 'contract trading god' James Wynn, have recently engaged in a heated verbal battle.
Wynn publicly questioned Hayes's trading decisions as being driven by fear of missing out (FOMO), while Hayes retorted by demanding proof of actual performance.
On August 10, Ethereum broke through the $4,300 barrier, while Arthur Hayes, who previously predicted a drop to $3,000, publicly admitted his mistake on X (formerly Twitter). He not only stated that he had bought back all his Ethereum positions but also vowed never to take profits again.
This statement drew criticism from well-known trader James Wynn, who stated on August 11: 'When he impulsively enters the market, it is an immediate signal to short.'
Wynn emphasized that his secret to making big money is to operate against the crowd and believes that Hayes's high-flying behavior is due to irrational FOMO emotions.
Image source: X Arthur recently bought back Ethereum and was mocked by the contract trading god for FOMO.
Arthur retorted: Post your address to see how great you are.
On August 12, Hayes directly retorted to Wynn: "Post your trading (HYPE) address so we can see how great you are."
In response, Wynn also fought back without hesitation, first questioning Hayes's speaking attitude and stating that he was merely stating facts, pointing out that Hayes made bullish comments on YouTube while selling, and now buying again, showing a flip-flopping investment stance.
Wynn further mentioned that he publicly achieved the feat of turning his assets from zero to one hundred million dollars and stated that his trading address will be made public soon. He finally stated that he respects Hayes, but no one's investment can be a hundred percent correct.
Image source: X Arthur retorted: Post your address to see how great you are.
Hayes continues to accumulate, while Wynn's recent performance has been bleak.
Amidst their quarrel, what on-chain operations have Hayes and Wynn recently undertaken?
Blockchain analysis platform Arkham data shows that Hayes recently transferred 1,500 $ETH from exchanges like Binance and has significantly increased holdings in various altcoins such as $PENDLE, $ETHFI, and $LDO, indicating he is actively positioning for the future market.
Currently, Hayes's public wallet has total assets of approximately 62.2 million dollars, with Ethereum as the main holding.
Image source: Arkham Arthur Hayes's public on-chain wallet address.
On the other hand, HyperDash data shows that Wynn's recent contract performance from his main account (starting with address 0x432d) on the decentralized exchange (DEX) Hypeliquid is not very promising.
Wynn's multiple trades since early August, including going long on $PEPE and shorting $ETH, have mostly ended in losses, with one long position on $PEPE losing as much as 422,000 dollars.
Further reading:
Lost down to 220 dollars! The contract trading god trades entirely at a loss and opens a long position again, analysts say: He is playing a bigger game.
Just called for a trading pause! The contract trading god opened a Bitcoin long position again, almost got liquidated and actually begged online.
Legendary 10U trading god! Behind the contract whale making 25 million dollars: From slum to crypto big player.
Image source: HyperDash James Wynn's main account's recent contract performance on Hyperliquid.
This article is generated by Crypto Agent summarizing information from various sources, reviewed and edited by (Crypto City). It is still in a training phase and may contain logical biases or information inaccuracies. The content is for reference only and should not be considered investment advice.
'Mocked by contract trading god James for FOMO retail! Arthur retorts: Quickly post your address to see how great you are.' This article was first published in 'Crypto City.'
