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RT @Degen0ccultist: Your role at MegaETH is "Hyperliquid marketing department" Hyperliquid

The crypto world just witnessed one of the most spectacular wipeouts in DeFi history. Wynn, the enigmatic whale trader known for placing jaw-dropping, billion-dollar positions has just been fully liquidated on Hyperliquid. The price tag for this lesson in leverage? A staggering $17 million+ net loss… and the entire crypto Twitter watching it unfold in real-time. Who Is Wynn? If you’re active on CT (Crypto Twitter), you’ve probably seen traders live-track this whale. Wynn became one of the most talked-about traders on Hyperliquid, the ultra-fast, zero-gas decentralized perpetuals exchange, for taking high-leverage trades worth billions in notional value. Some called him a degen genius. Others, a walking liquidation waiting to happen. And now, the latter has come true. How Did It Happen? Over the past few weeks, Wynn placed aggressively long positions across multiple altcoins, riding the momentum of market pumps and short squeezes. At one point, his trades accounted for a significant portion of Hyperliquid's open interest. But with volatility spiking across the board, and BTC rejecting key resistance levels Wynn’s overexposure to multiple high-beta assets triggered a domino effect of liquidations. In a single night, his entire account was drained, and the crypto community was there to watch, block by block. The Community Reaction Crypto sleuths and trading bots on X (formerly Twitter) exploded with commentary. Screenshots of Wynn’s real-time PnL, wallet balance, and liquidation alerts spread like wildfire. “That’s the biggest public liquidation I’ve seen in a long time.” @NotionalFlow “Wynn was the main character of CT today. RIP the king of risk.” @DeFiDaddy Others compared it to legendary blow-ups like 3AC, but on-chain and fully transparent. What This Means for the Market While Wynn’s loss may seem like just another degen story, it raises key questions: Should platforms implement limits for extreme leverage trades? Are whales now content farming risk, or just pushing the edge of DeFi? Does this impact Hyperliquid’s reputation… or make it stronger? One thing is clear: The days of anonymous whales aping billions with zero transparency are over. The on-chain generation is watching, and memeing, in real time. Conclusion Wynn’s downfall is a reminder that DeFi is as brutal as it is open. You can be a whale, a genius, or a gambler, but when leverage goes wrong, the market doesn’t care who you are. Billions in exposure. Millions in losses. And a permanent place in crypto trading history. Rest in peace, Wynn. You traded boldly. Disclaimer This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.

Degen Capital Drops KOL Radar for Alpha Signals @DegenCapitalCIO launches KOL Radar to track X account PnLs and surface high-quality calls. Use it with Token Radar to spot real alpha across the @virtuals_io ecosystem.

RT @rektdiomedes: Gm lads - Today is the third birthday of @thedailydegenhq :) As many of you know, I started The Daily Degen back durin…

One of the reasons I strongly hold onto crypto is that once you master a particular aspect of it, you've essentially secured your financial independence, In Sha Allah (God willing). Even during tough times, your pocket will not lack some income, In Sha Allah. For example, someone who is skilled in trading has the ability to enter the market and make profits. They can trade in any market and in any type of trading and still make gains. A professional trader doesn't need a large amount of capital to start trading because they understand the type of trading that suits their financial capacity. For instance, many people trading on centralized exchanges (CEX) require significant capital, because in CEX trading, profits are usually calculated in percentages, such as 10% to 50%. Even then, it might take several days to complete a single trade. That's why trading on CEX often requires a good amount of capital. For someone with $100 capital, if they earn 30% profit, that equals $30, and they might spend days on that trade. Similarly, those who trade on decentralized exchanges (DEX) don’t necessarily need large capital because in DEX trading, profit is usually calculated in multiples (Xs), not percentages. Traders with small capital on DEX have two options: either do regular DEX trading or DEGEN trading. DEGEN trading can bring quick profits (Xs), but it is highly risky because one can lose all their capital in a very short time. Regular DEX trading is similar to CEX trading, except the profit calculation is different—it focuses on multiplying the investment (Xs) rather than percentages. Regular DEX trades can also take two to three days to reach the desired profit, and they don’t require detailed bundle analysis like DEGEN trading does. Instead, it uses technical analysis similar to what is used for tokens on CEX. The tokens used in regular DEX trading are generally more stable and less likely to crash or disappear like DEGEN tokens. These tokens might have been created months or even a year ago but still have a relatively low market cap (MC), which makes them favorable for trading. Small amounts of money can make them pump easily, and they often get boosted on platforms like Dexscreener. Such tokens are typically found on blockchains like Solana, BSC, Base, etc. They can be accessed on crypto platforms like Bitget, where they are often given a dedicated section. You can also find them using Web3 wallets like Binance Wallet, or by applying filters on Dexscreener. Most of these tokens have a market cap ranging between $1.5 million and $5 million. Regular DEX trading is what most top traders turn to when the CEX market is down (in a dip). That covers the trading aspect for now. In the future, we will discuss another area of crypto, In Sha Allah.