US EditionHyperliquid Perps Volume Hits Record $248B in May Amid James Wynn Frenzy
- In May 2025, Hyperliquid, a platform for on-chain perpetual futures, achieved a new monthly trading volume high of $248 billion, representing 10.54% of Binance's volume.
- This milestone followed a 51.5% monthly volume increase and an 843% year-over-year rise from $26.3 billion, fueled partly by the trader James Wynn's high-leverage activity.
- Wynn started perpetual futures trading in March with a $3 million position that ballooned to $100 million before sudden Bitcoin volatility caused his leveraged bet to collapse.
- Wynn admitted the trading became reckless and spiraled out of control, with his story serving as a cautionary tale within the crypto community.
- Hyperliquid's rapid growth and rising market share highlight increasing competition with centralized exchanges, though concerns about centralization and manipulation persist.
14 Articles
14 Articles
Hyperliquid whales are stocking up on HYPE, pricing in another breakout rally
Whales are back to buying Hyperliquid’s HYPE token, awaiting a breakout as the token hovers close to its higher range. At least three whale wallets were spotted taking HYPE positions in recent days. Attention for Hyperliquid is increasing, as three more whale wallets accumulated HYPE. The token recovered to $34.88, still within a small rally to its all-time peak. Two whales allocated a total of $3.5M to acquire HYPE above $35. The buying happe…
This Bitcoin Trader Went From A $1 Billion Long Position To Begging For Donations
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. “James Wynn” has dominated conversations on cryptocurrency Twitter for risky Bitcoin bets. Wynn appeared unstoppable at first, but his victory lap was brief. The high-risk trader is not yet willing to throw in the towel. grabbed headlines in May for a $1 billion long bet on Bitcoin on the decentralized exchange Hyperliquid, using 40x leverage.…
James Wynn Critiques Hyperliquid's Referral Program Incentives - Blockchain & Cryptocurrencies Tabloid
Trader James Wynn criticizes Hyperliquid's referral rewards, warning of risks from potential Binance market entry. The post James Wynn Critiques Hyperliquid’s Referral Program Incentives appeared first on Blockchain & Cryptocurrencies Tabloid.
James Wynn Exposes Major Flaws in the HyperLiquid Referral Model and Backs CZ’s Proposal for a Dark Pool Perps DEX as Aster DEX Seizes the Opportunity for a Game Changing Move in Decentralized Trading
The decentralized finance world is abuzz following a string of provocative statements from prominent trader James Wynn. He’s not holding back on his critique of HyperLiquid’s referral program, calling it underwhelming and unworthy of the influence he brought to the platform. At the same time, Binance founder Changpeng Zhao (CZ) has floated a groundbreaking idea, a dark pool perpetual DEX, sparking discussions about the future of DeFi and user pr…
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