💸 $215M GONE in 30 Minutes

Imagine placing billion-dollar bets where one tiny market move could wipe everything out or make you tens of millions in seconds. Another whale is doing exactly that, and the entire crypto world is watching. But is it real… or just a perfectly crafted illusion?

Here’s what we got for you today:

• ⭐ 5 Things You Shouldn’t Miss

• 🐳 The Crypto’s Boldest Whale James Wynn - $1.25B …

• 🌕 Can Bitcoin x2 From This Current Price?

• 🤡 Meme Of The Day

⭐ 5 Things You Shouldn’t Miss

💥 Trump just warned of a 50% tariff on EU goods starting June 1 and a 25% tax on Apple if iPhones keep being made in India. Just then, $BTC.X ( ▼ 2.24% ) crashed from $112K to $106.8K. $215M in longs liquidated in 30 mins. Later, Trump said he spoke with EU’s von der Leyen — the tariff deadline is now delayed to July 9. And $BTC.X ( ▼ 2.24% ) bounced back to $109K after the news.

🧨 Mihailo Bjelic, co-founder of Polygon, has officially stepped down from the Polygon Foundation board. This marks the third co-founder departure from Polygon since 2023. Bjelic’s words ("after much reflection", "divergence of vision") suggest he disagreed with the current strategic direction or decision-making structure.

📈 Kraken just did what Binance tried (and failed) to do back in 2021. They successfully launched tokenized U.S. stocks, say hello to xStocks — token versions of major US. Stocks like Tesla, Apple, Nvidia, and 50+ others, now trading 24/7 on Solana. You can cash them out anytime — and they move with the real stock price.

💹 $HYPE.X ( ▼ 3.15% ) hit a new ATH: $37.24. That’s a 12.7% jump in 24 hours, and up 820% from its low in November 2024. Open Interest (OI) on Hyperliquid just smashed past $9B. High OI = more real money flowing in = traders are showing up big. Hyperliquid is also engaging directly with the CFTC, pushing for clear DeFi rules and proving DeFi can meet TradFi standards.

💥 UPDATE: Cetus got hacked for $223M — Now they’re offering the hacker $6M as a white hat reward to give it back. But there’s a warning: Try to mix or cash out the funds = immediate legal action. Critics say Sui’s validator coordination to block the hacker’s wallet shows centralized control. So is Sui truly decentralized or just calling itself that?

🐳 The Crypto’s Boldest Whale James Wynn - $1.25B Long then $1.038 Short?

James Wynn is a high-stakes crypto trader who describes himself as a high-risk leverage trader and memecoin maxi. This trader always opens orders with a volume of billions of dollars with extremely close liquidation prices. Each order has a profit or loss of tens of millions of dollars!

Do you think this is a media trap to build an image? Does James Wynn have many other accounts for hedging? If you have as much money as James Wynn, do you want the community to see and know your orders?

1️⃣ James Wynn Activity

First, he went long $1.25B on BTC using 40x leverage on Hyperliquid, losing $13.4M about. That’s 11,588 BTC with an average entry of $108,243. Liquidation was only ~$3K away at $105,180. Insane.

👉 He funded this move by:

• Closing his $PEPE.X ( ▼ 12.69% ) position for a $25.2M profit

• Exiting $ETH.X ( ▼ 4.03% ) and $SUI.X ( ▼ 10.12% ) longs for a $5.3M loss.

• Then goes all in on $BTC.X ( ▼ 2.24% )  

A few days ago, he:

• Started with $830M on May 21, took $400M profit the same day

• On May 22: Re-entered with $1.1B $BTC.X ( ▼ 2.24% ) . Sold 540 BTC for $60M, locking in $1.5M profit.

• Went long on $PEPE.X ( ▼ 12.69% ) with 10x leverage (again), with an unrealized profit of $130K.

• Withdrew 28M $USDC.X ( ▲ 0.0% ) from Hyperliquid with a $25.2M profit.

But then...

💥 Trump announced a 50% tariff on EU imports on May 23.

Markets panicked. $BTC.X ( ▼ 2.24% ) dipped under $107K. $ETH.X ( ▼ 4.03% ) dropped to $2,504. Wynn’s huge long? Smacked with a $29M loss in 24 hours.

And guess what? Right after, he flipped into a $1B short - only to lose another $15M by closing that too. Total 24-hour loss = $27.9M

Still, the guy’s up $57M all-time, and $46M in the past month. So yeah… he’s down bad, but not out.

More information about this guy?

• High-stakes leverage trader on Hyperliquid L1

• Memecoin maxi (called $PEPE.X ( ▼ 12.69% ) at $600K market cap)

• Deposited $4.65M $USDC.X ( ▲ 0.0% ) 2 months ago

• Known for trading fast, high-risk, and loud

2️⃣ Why Did He Bet Against $BTC.X ( ▼ 2.24% ) ?

• Weak volume

• Overbought signs

• Trump’s 50% tariff news spooked the market (BTC dropped 4%)

• He saw a short-term dip coming

🔥🔥 Trader Take:

Some folks think he was just trying to shake out the longs and buy back lower.

Whatever the plan was… this one didn’t work out.

Moral of the story? Even billion-dollar whales can get wrecked when they play too fast 🐳.

This is what real-time, high-stakes trading looks like. Wynn's making million-dollar moves like it's Tuesday — and the market's watching his every step.

BTC’s dancing near $109K. And with Wynn all-in, this next move might be the biggest yet.

🌕 Can Bitcoin x2 From This Current Price?

Bitcoin’s recent price movements have left many wondering: Is there still time to jump on the train before it hits new highs? With so many factors at play, it’s tough to say for sure. But, let's break down 6 key indicators to see if Bitcoin is on track for big gains — or if we need to pump the brakes.

🤡 Meme Of The Day

We read your emails, comments, and poll replies daily

Hit reply and say Hello – we'd love to hear from you!

Like what you're reading?

If yes, you'll love what’s happening inside The Crypto Fire Telegram version - our Telegram group where is no hype, no pressure. Just real conversations, insights, latest news, more trading analysis, entry,... and a few memes along the way. Jump in here → t.me/TheCryptoFireTG

And if you’ve got a friend deep in crypto (or just getting started), feel free to forward this to them. They can sign up here.

Cheers,

The Crypto Fire

This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.