James Wynn Goes 10x Short on HYPE, Cites Intense Competition for Hyperliquid

BlockBeats News, September 30th, Well-known 'bankruptcy' trader James Wynn used rebates to open a 10x short position, with a position value of only $66,000, opening price at $45.25, and liquidation price at $47.483. James Wynn stated, "ASTER is rapidly squeezing Hyperliquid's market share. I don't see this train slowing down. Coupled with the November HYPE token unlock, I believe it is bearish for HYPE holders, so I chose to short."

Prior market analysis indicated that starting from November 29, 2025, 237.8 million HYPE tokens will begin to unlock linearly over 24 months.