According to @EmberCN, James Wynn transferred $2.78 million USDC from Binance to Hyperliquid within the last hour to boost his BTC long position, which now totals $760 million. The USDC originated from the sale of 443.7 billion PEPE tokens on Binance over the past day, netting him $6.11 million USDC, which he used to enhance his margin. This substantial PEPE liquidation and subsequent BTC allocation may impact both meme coin and Bitcoin market liquidity and sentiment, potentially signaling a shift in capital from altcoins to BTC as Wynn consolidates his exposure. Source: @EmberCN on Twitter, May 29, 2025.