💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
James Wynn has lost nearly 100 million dollars in a week, with 40x leverage long order on BTC close to liquidation.
Gate News bot news, well-known trader James Wynn once held a nominal Position worth 1 billion USD on Hyperliquid, but has now become one of the biggest victims of the cooling Bitcoin market.
Wynn currently holds a high-leverage BTC Position that seems difficult to maintain, with his losses nearing 100 million dollars in the past week. Hyperdash data shows that Wynn’s margin usage rate is approaching 100%, which will lead to his Position being fully liquidated, although Wynn recently deposited 376,000 dollars to strengthen his defense.
The trader, widely known by the alias “moonpig,” is making aggressive bets and currently holds a long position of about 1,690 BTC, valued at approximately $178.78 million.
On-chain data shows that Wynn’s 40x leveraged BTC long Position currently has an unrealized loss of about 3.5 million USD, with a yield of -77%.
However, with the BTC price approaching $106,000, slightly above Wynn’s liquidation price of approximately $104,607, any further decline could trigger liquidation.
Source: CoinDesk