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James Wynn shorting HYPE by 10 times, stating that Hyperliquid is facing intense competition.
BlockBeats reported that on September 30, well-known "bankrupt" trader James Wynn opened a HYPE 10x short order using a rebate, with a position value of only $66,000, an opening price of $45.25, and a liquidation price of $47.483. James Wynn stated, "ASTER is rapidly rising and squeezing Hyperliquid's market share. I don't see this train slowing down, and with the token unlock of HYPE in November, I believe it is unfavourable information for HYPE holders, so I chose shorting." Previously, market analysis indicated that starting from November 29, 2025, 237.8 million HYPE tokens will begin to unlock linearly over 24 months.