​May has been nothing short of a rollercoaster for crypto. New ATHs for Bitcoin, billions liquidated, NFTs making a comeback, circle launching it's IPO, and Elon turning on Trump?

​The timeline looks like a movie right now, and the markets have been extremely volatile. This could mark the local top, especially as we are going into summer where we tend to see things slow down. Nevertheless, we persist!

​Today we will be going over the rise (and fall) of the viral Hyperliquid whale James Wynn, followed by everything new in the world of NFTs. Finally, we will cover what could be the next big airdrop on Solana. Let's do it!

​Have you ever wondered what would happen if you gave 1 million apes a phantom wallet and $100? (No? Just me?) Well, through simple laws of probability, it is likely you would see at least one of those apes turn that $100 into millions of dollars. Not through any skill or persistence, but just through pure luck.

​James Wynn, is that ape.

​We're not completely sure of how Wynn got started with crypto, but in 2020, he received a $6,000 transfer in ETH from Alameda Research, the trading firm associated with Sam Bankman-Fried. This would suggest Wynn is possibly an industry plant, but his rise to fame would come a couple years later.

​In 2023, Wynn was part of "10U Warriors," a community focusing on small-cap meme coins. His eureka moment came when he decided to dump around $8k into $PEPE, which sat around 600k mcap at the time.

​And... He was correct. $PEPE ended up rallying to over $10B mcap that very same year. A phenomenal run, which ended up netting him over $25M. But for a true degenerate gambler; is that really enough?

​The year is 2025, and Hyperliquid is as big as ever. A decentralized exchange where you can trade perps on crazy leverage, with public positions; the perfect clout farming platform if you are a whale. "Perfect", thought Wynn.

​Over a week or so, Wynn opened a 40x leverage $BTC long, which he kept adding to. Over, and over, and over. And he ended up with this:

​A billion dollar long. On 40x leverage. Jesus Christ.

​Twitter obviously went crazy over this. and Wynn of course took the opportunity to shill his very own memecoins, to no end. Through the ups and through the downs, you already know how this story ends.

​Wynn truly is a remarkable idiot. At some point he was up over $90M, and he didn't take a single cent of profit. Long story short; this ape got liquidated. Ending his saga with a cool 22$ to his name.

​So what can we learn about Wynn? "Get out while you're ahead" is definitely sound advice, especially in crypto. Greed, is one hell of a drug, and this is what happens when it fully consumes you.

​$100M is an astonishing amount of money, this might be the biggest fumbled in crypto history. While he didn't walk away a wynner, we hope Mr. Wynn takes some time off for his mental health, but until then, he left us with this gem:

​While NFTs really haven't had a glimpse of their former glory this cycle, it is not to say some projects aren't making big moves trying to restore the digital collectible market and trying to get more eyes on them.

​Leading the initiative has to be OpenSea, which has forever been the foundation of the NFT market on Ethereum and EVM as a whole. And now, they have finally launched their new and reworked platform: OpenSea 2.0

​After a couple months of beta OpenSea 2.0 is live. A complete rework of its core platform aimed at improving speed, user experience, and creator support. The upgrade includes faster transaction processing, newly optimized smart contracts to reduce gas fees, and a more seamless multi-chain wallet experience.

​Notably, OpenSea also decided to double down on creator focused tools to enforce royalties, which has been a hot topic in the space after competing platforms like Blur and LooksRare opted for royalty-optional models.

​And of course, OpenSea 2.0 wouldn't be complete without the promises of a future airdrop. It's confirmed; $SEA token is coming.

​"This token aims to reward and empower the OpenSea community by recognizing active and loyal users, as well as early adopters. It will also support the Seaport Protocol, enhancing the platform's functionality"

​While it of course sounds promising, it's nothing we haven't heard before, and we saw how MagicEden's $ME went. That being said, we would love $SEA to have a successful launch, as it would bring new eyes to the NFT world as a whole.

​In other news but staying within the NFT realm, Yuga Labs has decided to part ways with the MoonBirds IP only a year after acquiring it. Meaning MoonBirds, along with its companion collections, Mythics and Oddities now belong to Orange Cap Games, a rising Web3 gaming studio.

​OCG have been quite successful in their own ventures, notably with their "Vibes" card trading game featuring the Pudgy Penguin IP with over 4 million cards sold since its launch in December 2024.

​While there are no specifics yet, OCG intends to integrate MoonBirds into its gaming ecosystem, leveraging its experience with other NFT brands like Pudgy Penguins.

​Spencer Gordon-Sand, CEO of Orange Cap Games, emphasized a "hard reset" approach for Moonbirds, aiming to reimagine the brand while utilizing valuable assets inherited from the previous team. This includes unreleased art and visual directions, providing a foundation for future developments.

​The market seems to be optimistic about this sale, with MoonBirds going from 0.3 $ETH floor to now 0.8 $ETH. A remarkable 160% gain. It will be very interesting to see how OCG decides to take this IP!

​Natively built on Solana, Loopscale aims to redefine DeFi lending through its innovative order book model. Unlike traditional pool-based systems we usually see on Kamino and Meteora, Loopscale directly matches lenders and borrowers, offering fixed-rate, fixed-duration loans with customizable terms.

​This approach enhances capital efficiency, reduces systemic risk, and provides users with greater control over their lending and borrowing activities. The platform supports a wide range of collateral types, including LP tokens, staked assets, and even memecoins, allowing users to unlock the full value of their portfolios.

​Raising over $4M in their first seed funding round, and backed by big names such as Coinbase Ventures and Jump Capital, the team solid, with a very clear vision: Become the standard when it comes to decentralized lending.

​But it doesn't stop there: Loopscale's modular architecture enables the creation of sophisticated lending strategies, such as leveraged yield loops (Loops on Loopscale. Duh?) and curated vaults, catering to both passive investors and active traders.

​In short, yield loops lets users borrow against yield-generating assets like staked SOL or LP tokens, and re-deposit the borrowed funds into similar yield-bearing positions. This creates a compounding loop, where each cycle boosts overall returns by recursively leveraging interest-earning collateral.

​This is an effective way to boost your yield in a low risk environment with APYs up to 35% on SOL and 25% on stablecoins, while simultaneously farming points on multiple platforms for their future airdrops.

​Loopscale's point system is live, and features boosts depending on which products you are using. You can also take advantage of partnership point boosts like Fragmetric's 3x multiplier.

​Overall, this is a very solid strategy to earn yield and accumulate points on multiple protocol. You can register here and start exploring the platform and what it has to offer.

[All topics are meant to be educational only. None of it is financial advice, please do your own research.]