SoSo Daily May 26 | Hyperliquid whale trader converts $1 billion long Bitcoin position to short

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 01:00 on May 26, 2025, according to sosovalue, the top five gainers are:
Top 1 gainer is AB. As of 01:00 today, its coin price is 0.0081190 USD, witnessing a 24-hour increase of 81.3%.
The second is Moonray. As of 01:00 today, its coin price is 0.012128 USD, with a 24-hour increase of 79.3%.
The third is pSTAKE Finance. As of 01:00 today, its coin price is 0.069510 USD, showing a 24-hour increase of 46.6%.
In fourth place is Ton UP. As of 01:00 today, its coin price is 0.013200 USD, with a 24-hour rise of 40.6%.
In fifth place is ECOx. As of 01:00 today, its coin price is 0.057410 USD, increasing by 39.1% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
Acccording to sosovalue, out of 15 sectors, 15 are up and 1 is down. Notably, $ETH, AI, and DeFi sectors are worth mentioning.
$ETH sector has risen 3.45% relative to the UTC 0 time, led by gains in $ETH (3.45%).
AI sector has increased 3.44% relative to UTC 0, with EPT (14.6%), GRIFT (13.2%), and AIXBT (13%) leading the rise.
DeFi sector has risen 3.33%, with pstake (42%), UP (39.3%), and lina (19%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:A cryptocurrency trader named James Wynn (DEX nickname "moonpig") executed one of the largest on-chain short positions in history on the Hyperliquid platform. He opened a $1 billion Bitcoin short position with 40x leverage, investing nearly $50 million, his entire wallet balance. Previously, he had just closed a similarly sized long position, reducing $17.50 million in historical profits. Wynn had predicted Bitcoin's price to reach $110,000, but the price only slightly increased from about $107,300 to approximately $108,000. The current short position has brought him around $3 million in profit, but if Bitcoin's price rises to $110,446 without additional margin, the position will be forcibly liquidated. Despite the losses, Wynn's total profit on the Hyperliquid platform still exceeds $40 million. The platform's open interest has reached an all-time high, and the platform token HYPE's price has risen over 8% in the past 24 hours, nearing its historical peak.
Next news:Wu Shuo learned that, according to @EmberCN monitoring, an early address that participated in the Ethereum ICO in 2015 transferred the last 10,195 $ETH (approximately 25.60 million USD) to Kraken in the past hour, suspected of completing liquidation. This address originally purchased 50 thousand $ETH at a unit price of 0.311 USD, investing about 15 thousand USD. Over the past 8 years, it has gradually transferred out at an average price of 1,555 USD, realizing a total of approximately 77.76 million USD, with an overall return exceeding 5,000 times.
Next news:Wuspeak has learned that, according to monitoring by @EmberCN, James Wynn liquidated Bitcoin short positions worth approximately 1 billion USD between 6:09 and 6:15 AM on May 26. The average entry price was 107,069 USD, and the average exit price was 108,757 USD. The entire liquidation process was completed within 6 minutes, resulting in a single trade loss of about 15.86 million USD.
Next news:Data: Five major whales purchased over 790 thousand HYPE tokens within two days, amounting to 27.80 million USD
Next news:

Wu Shuo learned from Tokenomist that in the next 7 days, there will be single large unlocks (unlock amounts greater than 5 million USD) for SUI, BIO, OP, KMNO, ZETA, ALT, VENOM, REZ, DYDX, etc.

In the next 7 days, there will also be large linear unlocks (daily unlock amounts greater than 1 million USD) including SOL, WLD, TIA, DOGE, TAO, AVAX, SUI, DOT, IP, MORPHO, NEAR, ETHFI, JTO, FIL, etc.

The total value of unlocks exceeds 549 million USD.

Next news:Wu Shuo learned that Ethereum co-founder Vitalik Buterin tweeted that Nordic countries are gradually slowing down their "cashless society" progress because their highly centralized implementation is too fragile, and cash still proves to be a necessary alternative. Ethereum should have sufficient antifragility and privacy to play a similar role in the future.
Next news:SOL Falls Below 170 USDT
Next news:

According to TechFlow's Deep Tide, on May 25, monitored by @ai_9684xtpa, James Wynn's cumulative leveraged revenue on Hyperliquid since May this year has reached as high as 56.64 million USD:

• Operations involved 9 tokens in total, among which 5 are Memecoins, accounting for 55%.
• James prefers long positions, with longs making up 83.3% of 12 large trades, but with a win rate of only 50%.
• The most profitable token is PEPE, with gains of 25.19 million USD.
• The token with the largest loss is $ETH, losing 3.70 million USD.

Next news:HYPE reached $37.74, setting a new all-time high
Next news:

According to DeepTechFlow, on May 25, top trader Eugene Ng Ah Sio posted on his personal channel stating, "James Wynn is willing to open large positions publicly, which is quite interesting. Based on experience, this is almost always a bad idea, as its negative externalities often outweigh the positive effects. How he manages such a huge position and uses 10-20x leverage over the long term will be a point worth watching."

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.