Analysis: James Wynn previously deposited 800,000 USDC into CEX but launched a fundraising campaign, which is suspicious
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Planet Daily News: According to @ai_9684xtpa's post on X platform, the whale James Wynn's choice of "water drop fundraising" is indeed quite abstract. Regardless of how much money he made before or whether he has other available funds, he sold HYPE worth $4.17 million this morning, of which $2.98 million in USDC was deposited into Hyperliquid as margin, and the remaining $800,000 was deposited into Kucoin. Why can't these funds be withdrawn for margin? It seems only the explanation of "another order within the exchange" can explain this.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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