“The perps casino was fun. Zero regrets. Flipping $4m to $100m and back down to -$13m is one hell of a thrill. Hope many of you enjoyed it as much as I did.”
Where most traders would have retreated to lick their wounds, at least for an evening, Wynn quickly re-entered the market, opening new leveraged long positions on Bitcoin and the meme coin PEPE, though these new trades were also facing unrealized losses as of Friday. He posted:
“I’ll run it back, I always do. And I’ll enjoy doing it. I like playing the game. I like the swings. Money is all about mindset. At the end of the day, I’m still richer than 99.9% of CT brokies.”
While a philosophical Wynn may have taken the liquidation in his stride, the incident set Crypto Twitter alight, serving as a clear reminder of the risks of high-leverage trading and a cautionary tale for anyone considering extreme leverage in volatile markets.
Hyperliquid, the decentralized exchange where Wynn placed his bets, continues to attract attention for its ability to handle massive trades and its role in shaping market narratives. Despite a recent pullback, the HYPE token saw impressive price action in May, almost doubling in value since the start of the month, from ~$20 to ~$40 at its highest point.
