A whale partially liquidated their long position in James Wynn, took profit on their short position, and opened a new long position, now experiencing a floating loss of $1.93 million.

BlockBeats News, June 5th. According to Ashes Monitoring, last night, after the liquidation of James Wynn's BTC long position, a whale who had made a $28 million profit on Hyperliquid in the past 20 days closed a short position to take profit and then switched to a long position: went long 1281 BTC with 12x leverage, with a nominal value of $134 million; and went long 35939 ETH with 25x leverage, with a nominal value of $94.19 million.

Currently, the whale's long position near the liquidation price of James Wynn is at an unrealized loss of $1.93 million.

Arthur Hayes previously speculated that the whale James Wynn is likely conducting hedging trades through an anonymous address to receive the next round of airdrop from Hyperliquid.