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James Wynn shorting HYPE by 10 times, stating that Hyperliquid faces fierce competition.
On September 30, renowned "bankrupt" trader James Wynn opened a HYPE 10x short order using rebates, with a position value of only $66,000, an entry price of $45.25, and a liquidation price of $47.483. James Wynn stated, "ASTER is rapidly rising, squeezing Hyperliquid's market share, and I don't see this train slowing down. With the token unlock of HYPE in November, I believe it's unfavorable information for HYPE holders, so I chose to short." Previously, market analysis indicated that starting from November 29, 2025, 237.8 million HYPE tokens will begin to be unlocked linearly over 24 months.