$USDC

A whale named James Wynn has made headlines in the cryptocurrency market thanks to a top-notch maneuver amidst severe volatility. Just before the price collapse, Wynn quickly deposited 74,000 USDC into the Hyperliquid platform. This move helped to lower the liquidation price to 103,859 USD, creating a fragile safety zone before the incident.

During the extreme volatility phase, the price of BTC on Hyperliquid dropped sharply, hitting a low of 103,899 USD. The gap between the floor price and Wynn's liquidation price was only a mere 40 USD – an extremely tight margin, pushing investor emotions to a peak.