PANews reported on May 28 that according to on-chain analyst Ember’s monitoring, the whale James Wynn began to sell assets in other addresses to raise USDC for margin replenishment of Hyperliquid positions. He sold 240 billion PEPE in exchange for 3.32 million USDC through Binance 20 minutes ago, and withdrew the USDC back to the address where he opened a BTC long position. Currently, he still holds PEPE worth $2.82 million through the 0x4417 address.