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It is often said that you donāt change a winning team. But in crypto, even victories are fleeting. James Wynn, a crypto investor who became famous for his huge bets, has just made a surprising choice: to abandon bitcoin for an unknown token. His goal? To bet big on ASTER, an emerging platform, through an airdrop that some already describe as historic. Against the market tide, Wynn continues to follow his own rhythm. And thereās no question of slowing down.
James Wynn has become a prominent figure in the crypto market by stacking bets as risky as they are publicized. The man had turned 4 million dollars into 100 million thanks to a long on bitcoin on the Hyperliquid platform, before losing it all in a series of impulsive decisions.
He wrote then on X: āIāve decided to give perp trading a break. Your platform exquisite. Its been a fun ride. Approx $4m into $100m and then back down to a total account loss of $17,500,000ā.
But here he is back, this time with a 3x leverage on ASTER, just days after being liquidated on that same token. A modest position, at $16,000, but symbolic. Why? Because he firmly believes in the upcoming airdrop:Ā
Iām farming the $ASTER airdrop. I believe it will be one of the biggest [in] crypto history.
Beyond the bet, itās the emotional approach to crypto trading that resurfaces. Wynn, like many others, embodies those figures on the boundary between genius and chaos, between a brilliant victory and total loss.
ASTER is still a little-known token, but backed by a promise: that of a decentralized derivatives platform. In a crypto market where the altseason is slow to return, many seek exotic bets. And the airdrop announced by ASTER could well appeal to traders tired of the classic blockbusters.
For Wynn, this seems more than just a gamble. He has already been spotted with colossal positions on Hyperliquid, notably a long at 1.2 billion dollars on bitcoin with 40x leverage, which ended with a net loss of 17.5 million.Ā
Such moves leave little room for error, especially on a token as young as ASTER.
Commentators are already mocking: āFrom billionaire to farmerā, summarizes a tweet, highlighting the contrast between his former bets and this airdrop farming strategy.
The world of airdrops in crypto thus becomes a slippery ground where dream and risk blend. And Wynn dives back headfirst, true to himself.
There are crypto investors who do not hesitate to abandon their favorite asset to explore new gems. Others prefer to slowly embark on the adventure.
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La rĆ©volution blockchain et crypto est en marche ! Et le jour oĆ¹ les impacts se feront ressentir sur lāĆ©conomie la plus vulnĆ©rable de ce Monde, contre toute espĆ©rance, je dirai que jāy Ć©tais pour quelque chose
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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