📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
The crypto assets market has recently witnessed the rise and fall of several large traders (commonly known as "whales") who adopted similar trading strategies. These traders share a common characteristic of using high-risk margin trading strategies, experiencing a rapid rise from small capital to significant profits, but ultimately encountering major losses or even total depletion.
Among them, the experience of trader James Wynn is particularly noteworthy. At the end of May, he achieved an astonishing profit of 87 million dollars and even opened a long position in Bitcoin worth 1.23 billion dollars on the Hyperliquid platform, setting a new daily trading volume record. However, the drastic market fluctuations ultimately led him to not only lose all his profits but also incur a loss of 21.77 million dollars in principal.
Another well-known trader, AguilaTrades, has also had a lamentable experience. According to reports, he has currently accumulated losses of about 40 million USD, highlighting the high-risk nature of the Crypto Assets market.
Another anonymous trader's experience is even more dramatic. He started with an initial capital of 3 million dollars and at one point increased it to a profit of 26 million dollars, but ultimately lost all his funds, including the initial principal, due to the market's drastic fluctuations.
These cases vividly demonstrate the high-risk characteristics of the Crypto Assets market, while also warning investors to approach high-risk strategies such as Margin Trading with caution. Despite the great temptation of quick profits, the unpredictability of the market can lead to significant losses. For ordinary investors, these cases are undoubtedly a profound lesson, reminding us to remain rational and manage risks appropriately when investing in Crypto Assets.