According to BlockBeats, on June 9th, James Wynn's liquidation story, which went from $7000 to $25 million and then fell back to the liquidation line from a profit of $87 million, is causing a huge reflection in the cryptocurrency industry. This "10U God of War", who gained fame for accurately predicting the skyrocketing market value of PEPE, ultimately experienced a trading collapse on the open and transparent Hyperliquid platform, manipulating Bitcoin and Meme with dozens of times leverage.
BiyaPay analysts pointed out that Wynn's case fully illustrates that high leverage does not bring stable returns, but rather extremely risky games. Even technically skilled traders find it difficult to resist market volatility, emotional interference, and public opinion pressure in the long run. On decentralized trading platforms, although transparency enhances trust, it also exposes positions and is hunted down by "counterparty trading".
Wynn's downfall reminds us that cryptocurrency trading is not a casino, rationality and risk control are the key to long-term success. Excessive reliance on leverage and influence promotion not only fails to sustain profits, but also amplifies the cost of failure.
In this volatile and opportunistic market, BiyaPay adheres to compliance and stability, focusing on providing users with secure and transparent digital asset trading services:
USDT withdrawal of 30+fiat currencies including US dollars, compliant withdrawal, zero freezing of cards
200+cryptocurrency transactions with zero transaction fees
Exchange USDT for USD and HKD to invest in US and Hong Kong stocks without the need for an offshore account
BiyaPay will continue to build a stable investment bridge for users and maintain its original value in the noisy market.
