From $1 billion to minus: why even top traders are better off just holding assets
DexnetThere are many stories of rise and fall in the crypto market, but the story of James Wynn is something else. A trader who opened billion-dollar positions on the decentralized exchange Hyperliquid lost over $110 million in just one week. The reason? A ruthless market, high leverage, and possibly an overestimation of his own capabilities.
Wynn became a legend after opening a $1+ billion long position in Bitcoin on May 21. The trade instantly caught the attention of analysts and crypto influencers — thanks to Hyperliquid’s technology, everything was transparent and happening in real time.
But the market turned against him. When Bitcoin dropped below $105,000, it was fatal — a cascade of liquidations and massive losses:
527 BTC worth $55.3M
421 BTC worth $43.9M
95 BTC worth $10M
Total: $110M lost — followed by Wynn’s own reflection:
“I should’ve just bought and held BTC in a cold wallet.”
Where is the best place to store your crypto?
This is a question both beginners and seasoned traders ask themselves. And the answer is clear: as securely and decentralized as possible. We live in a reality where one bad trade can wipe out everything. Unlike exchanges — where you give control to the platform — a non-custodial wallet gives you full control over your assets.
That’s why we created DexSAFE — your digital shield in the Web3 world.
What is DexSAFE?
DexSAFE isn’t just a wallet. It’s:
✅ Security — Private keys are yours alone. No intermediaries.
✅ Decentralization — Built on DexNet, a fully autonomous and distributed network.
✅ Swap — Instant token exchanges without ever leaving the wallet.
✅ Simple interface — Designed with clarity, even beginners can’t go wrong.
✅ Unique protection — Includes a seed phrase, an extra passphrase, PIN code, and biometric authentication.
✅ Duress mode — Emergency protection: with one action, funds are instantly transferred to a safe address.
✅ Support for 15+ blockchains — A multi-format wallet that lets you manage everything in one place.
Do what James Wynn couldn’t:
Store. Protect. Control.
In crypto, you can earn. You can take risks. You can analyze.
But if you lose access to your funds — you lose everything.
Don’t let the market dictate your terms.
Download DexSAFE — and keep control in your hands, not in the hands of an exchange or chance.
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