Crypto Whale’s $1.1B Bitcoin Bet Ignites MOONPIG Mania: Next Big Meme Coin?

A crypto whale’s $1.1 billion Bitcoin bet on Hyperliquid sparks a frenzy, with MOONPIG surging 120% after a Poloniex listing. Is this meme coin the next PEPE? Explore the high-stakes world of DeFi trading!

May 23, 2025 - 17:50
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Crypto Whale’s $1.1B Bitcoin Bet Ignites MOONPIG Mania: Next Big Meme Coin?
On May 22, 2025, crypto trader James Wynn stunned the market with a $1.1 billion long position on Bitcoin perpetual futures (BTCPERP) using 40x leverage on Hyperliquid, a decentralized exchange (DEX). Starting with a $400,000 margin, Wynn’s bold move highlights the growing allure of DeFi platforms, which offer high leverage and no KYC restrictions. Hyperliquid’s $7.64 billion daily trading volume and 62% market share in perps underscore its dominance.
Wynn, a self-proclaimed “memecoin maxi,” also fueled a 120% surge in MOONPIG, a Solana-based meme coin, now listed on Poloniex. With an $80 million market cap, MOONPIG’s rally reflects the speculative fever gripping retail investors. Yet, its liquidation price at $104,000 signals high risk, as Bitcoin’s volatility could wipe out leveraged bets.
For new investors, this showcases DeFi’s potential and peril. Hyperliquid’s speed and liquidity attract whales, but leverage amplifies losses. MOONPIG’s hype could drive short-term gains, yet meme coins are volatile. Diversify, monitor whale moves, and tread carefully in this high-stakes game.
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.