The millionaire crypto James Wynn said that the recession of the August market was finishing, just after its last memecoin liquidation by an alleged “full” market manufacturer.
Wynn was settled in its recently 10x long position that was betting on a pricing Dogecoin (Dux) prices, losing $ 22,627, according to the Blockchain data platform in the lens of the lens of Monday X Post.
That was a relatively small loss for Wynn, compared to its position of $ 100 million liver that was settled on May 30, when BTC fell briefly below a minimum of 10 days of $ 105,000.
Wynn blamed his recent liquidation to the manufacturers of the cryptocurrency market that “annihilated” long water positions, which said it can be a signal for the end of market correction.
“Batter timeline and asking for the Bear market. It’s time to spend the maximum”, the millionaire leverage merchant in a post x post.
Hiveraded positions use money preceded to increase the size of an investment, which can increase the size of earnings and losses, which makes Hivered trade more risky than spot trade.
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Even so, Wynn has realized a total loss of $ 21.7 million in a single account since March 19, when he began to quote through the 0x5078 wallet in the Hyperliquid of decentralized exchange, as shown in HyperDash data.
The last liquidation occurred less than two months after Wynn lost almost $ 25 million on June 5, after being liquidated with a Bitcoin bet of $ 100 million that opened on June 3.
After opening a second Bitcoin position of $ 100 million, Wynn said that the orchestrated efforts of the main market participants deliberately pointed to their level of liquidation.
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James Wynn blames Memecoin ‘Cabal’ for extractive practices
Wynn blamed the “Cabal” of Memecoin for extractive market practices, such as “bomb and overturned” schemes.
“The Cabal Memecoin, you give them supply and simply leave you in the head. They are the scavengers thieves,” hey, in a publication on Saturday X, adding:
“I am doing my own meme coins. Where Kols becomes precisely zero.”
Wynn has suffered several liquidations in Memecoins this year, including a loss of more than $ 1 million in its 10x Pepe (Pepe) position, which was around $ 11.2 million when it opened on July 20, Cointelaph reported.
https://www.youtube.com/watch?v=jzncalgknio
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