From giant whales to ants, how did the legendary on-chain trader James Wynn fall? The facts tell us:

No one expected that within just two weeks, the once legendary trader and crypto whale James Wynn, who had opened positions worth over $1 billion, would fall into a situation of total loss, only able to open ant-sized positions of a few hundred dollars. Previously, he had written a long confession, painfully detailing how he went from 'making $100 million' to losing everything, using himself as a cautionary tale to reveal the horror of 'greed' to the market.

In this article, Odaily Planet Daily will delve into James Wynn's recent operations and statements to explore his story and investigate the suspicion behind whether 'James Wynn is a white glove for the Hyperliquid platform.'

Incalculable greed brought about the downfall of James's 'on-chain life.'

On the early morning of June 6, James Wynn's long positions were once again liquidated, resulting in a loss of 155.38 bitcoins, valued at approximately $16.14 million at the time. On-chain data shows that this liquidation occurred during a sharp drop in the BTC-USDT contract price, with a liquidation price of about $103,981. This round of liquidations may be related to extreme short-term market volatility.

Conclusion: A thought can lead to heaven or hell; remember to recover your capital when profiting, and avoid high-frequency trading.

Looking back at James Wynn's tumultuous month, from being unnoticed, to calling out the Meme coin moonpig with a market cap exceeding 100 million, to significant long position profits, and then chasing highs and lows, ending up with nothing, it truly can be regarded as a 'crypto drama.' As for the future, it seems very difficult for him to make a comeback.

In the midst of James's thoughts of heaven and hell, Bitcoin first broke new highs, then recently fell to around $100,000.

Perhaps James Wynn is using his personal experience to tell us an unbreakable truth about the crypto market: remember to recover your capital when profiting, and avoid high-frequency trading.