Crypto Whale’s $1.1B Bitcoin Bet Fuels MOONPIG’s 120% Surge: Meme Coin Madness or Genius Play?
A whale’s $1.1B Bitcoin bet on Hyperliquid ignites a 120% rally for Solana meme coin MOONPIG after its Poloniex listing. Is this high-stakes gamble a sign of meme coin mania or a savvy investment? Uncover the risks and rewards!
On May 23, 2025, crypto trader James Wynn rocked the market with a $1.1 billion long position on Bitcoin perpetual futures (BTCPERP) using 40x leverage on Hyperliquid, a decentralized exchange. Starting with a $400,000 margin, this high-risk bet underscores DeFi’s growing appeal, with Hyperliquid’s $7.64 billion daily volume dominating 62% of the perps market. Wynn, a self-described “memecoin maxi,” also drove a 120% surge in MOONPIG, a Solana-based meme coin launched on Pump.fun, which hit a $120 million market cap after its Poloniex listing, per CoinGecko.
MOONPIG’s 10,000 holders and social buzz on X reflect meme coin fever, but its $0.1001 price, down from a $0.1212 peak, shows volatility. Hyperliquid’s speed and no-KYC trading attract whales, yet the $104,000 liquidation price on Wynn’s bet signals danger. For beginners, this highlights DeFi’s potential for massive gains and losses. MOONPIG’s hype could fade, but whale backing and exchange listings suggest short-term momentum. Diversify and stay cautious to navigate this wild market.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
