After a Loss of 100 Million USD, What Will James Wynn from Hyperliquid Do Next?

James Wynn, a notorious trader who has become a cryptocurrency hero thanks to billion-dollar leveraged trades on Hyperliquid, has once again become the center of attention. This time, it's not for a big deal but for an obsessive confession and a harsh criticism of the platform that has fueled his fame. James Wynn is obsessed with his profession. Wynn revealed that he has been struggling with insomnia, panic attacks, and psychological pressure since giving up high-risk trading, which turned him into a central figure in the world of cryptocurrency. Still reeling from the $100 million loss, Wynn said he is trying to quell the speculation, but the temptation to return is still there. Behind the scenes, Wynn's fallout with Hyperliquid added a new twist to his story. Although becoming the unofficial face of the decentralized exchange permanently, Wynn claimed he has never been paid more than $34,000 in referral fees. "I earned $34,000 through referrals on their platform. This number is extremely poor considering the number of sign-ups and the volume I generated. Their referral program is really bad. Other platforms are much better. In my opinion, when CZ launches dark pool perps DEX, it will put an end to Hyperliquid," Wynn said in a post. BeInCrypto recently reported that Changpeng Zhao (CZ) has proposed a dark pool-style DEX for perpetual futures contracts. According to CZ, this will help combat front-running and enhance the privacy of trading. Wynn alleged that he reached out to Hyperliquid twice to discuss a potential partnership, considering the visibility and trading volume he could bring to this platform. However, the team declined, citing their decentralized model and refusing to provide trading for individuals. This has raised speculation from critics such as Gumshoe, who suggest that the Binance platform is currently supporting Wynn. Gumshoe also refers to Wynn playing a longer "4D" chess game related to market stories, the HYPE token list, and a potential DEX in the future from Changpeng Zhao. While Wynn denies being paid by Binance, he seems to support CZ's vision. "CZ has the money, network, and team to build something unlike anything else... I hope this will encourage Hyperliquid to upgrade," Wynn noted in the post. Critics of Wynn are also skeptical. Analyst DUO Nine speculates that Wynn's past activities may indicate a money laundering scheme. Specifically, he may be taking advantage of intentional liquidation on Hyperliquid while hedging risks on other exchanges.

There is no evidence to support these claims, but they reflect the mystery surrounding his immense position and their broader implications. Despite the chaos, Wynn asserts that he still has peace. In a recent post, he hinted at the possibility of a revival. While Wynn is still on the sidelines, this cryptocurrency trader may return, but not necessarily on Hyperliquid.