ChainCatcher reports that whale James Wynn posted on social media stating that he only started participating in perpetual contract trading in March of this year. Before that, he had never traded seriously and at most just speculated on MEME coins. In just one month, he rolled over 3 million USD to 100 million USD, then lost it all within a week on HyperLiquid. At the time, he was just messing around, but since on-chain data is public, hundreds of thousands were watching his account's dramatic rises and falls, so he decided to let loose. Later, things gradually got out of control. He realized that this was essentially gambling; he wanted to recover his losses but was also afraid of being mocked for "not being able to keep 100 million despite making it," so he sank deeper. The numbers flickering on the screen became a virtual game, and greed completely took over.