DeFi whale loses $40M as Kinto winds down and SwissBorg suffers hack: Finance Redefined

MYX Finance’s native token was the week’s largest gainer, with an over 1,100% gain. Worldcoin followed with over 90% gains.

An unknown Hyperliquid trader has surpassed James Wynn, becoming the trading platform’s biggest losing whale, with more than $40 million in losses within a month, according to blockchain data. 

Lookonchain revealed that the trader made high-leverage trades, with nearly $40 million loss on Hyperliquid (HYPE), after selling about 900,000 tokens before the asset rebounded. 

The whale later lost another $35 million on an Ether (ETH) position. After that, he pivoted to a short position and then lost another $614,000. His Bitcoin (BTC) position is also underwater, with unrealized losses of nearly $2 million. 

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