The post Arthur Hayes Questions James Wynn’s Intentions: Engagement Farming? appeared on BitcoinEthereumNews.com.

Arthur Hayes has questioned the motivations behind recent high-profile moves by crypto investor James Wynn. He suggested that the trader’s actions might be more driven by a desire for engagement rather than making actual earnings. Airdrop Farming Allegations In a clip shared by Laura Shin, host of the Unchained Podcast, Hayes commented on Wynn’s latest moves: “I think he farmed the airdrop. I don’t think he took a billion dollars of Delta on Bitcoin.” Wynn is a well-known investor who has gotten attention from the crypto community for his bold and high-risk trading strategies. In the past, the whale has bet more than $1 billion on Bitcoin (BTC). His most recent move saw him unstake and sell his entire holding of 126,116 HYPE tokens for approximately $4.13 million. He had originally bought the tokens on May 9 and 12 at an average price of $24.84, then sold them at $32.72 each, locking in a 31.9% profit on his $3.13 million investment. After cashing out, the trader withdrew all his USDC from Hyperliquid and announced a break from perpetual trading after booking a net loss of $17.5 million from his recent bets. What’s notable is that this sell-off came hours before Wynn’s new $99.5 million Bitcoin long position on Hyperliquid. Hayes argued that if Wynn had truly taken on a billion-dollar Delta position, he wouldn’t have publicized it on social media, exposing himself to targeted attacks. The BitMEX co-founder described the move as a well-executed strategy to generate attention, speculating that Wynn would likely receive a sizable amount of HYPE tokens from the airdrop. He added that the pseudonymous trader probably didn’t lose money and may have used other accounts or split his positions across different wallets to remain delta-neutral. According to him, any losses from trading fees would also have…

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Filed under: News - @ June 18, 2025 10:26 pm