Hyperliquid whale uses 40x leverage to swap fiat for Bitcoin, citing U.S. dollar collapse

James Wynn, a whale trader on the decentralized exchange Hyperliquid (HYPE), revealed on X that he's using 40x leverage to convert inflationary fiat currency into Bitcoin (BTC), which he describes as hard-capped and deflationary. He emphasized that this isn't gambling, but a necessary response to the rapidly declining value of the U.S. dollar. Wynn said he's doing everything he can to accumulate BTC before it's too late—and challenged others by asking what they are doing in the face of this crisis.