- A trader known as James Wynn became notable for a $1 billion Bitcoin short position on the Hyperliquid platform.
- Other crypto traders have started to use Wynn’s visible wallet as a signal to make the opposite trades.
- Blockchain analyst Lookonchain identified an address, 0x2258, that reportedly earned about $17 million in one week by taking positions contrary to Wynn’s.
- During the same period, Wynn reportedly lost about $98 million as his trades were liquidated.
- Wynn commented on his losses, stating he enjoys trading and plans to return.
The trader known as James Wynn placed a $1 billion short bet on bitcoin using the Hyperliquid trading platform. In recent trades, other market participants have begun following Wynn’s wallet activity in order to take opposite positions.
According to blockchain monitoring account Lookonchain, a separate trader marked as 0x2258 made about $17 million in the past week by trades that directly contradicted Wynn’s moves. During the same time, Wynn’s account experienced approximately $98 million in losses, including a full liquidation over the weekend.
"The winning strategy lately? Do the opposite of James Wynn," Lookonchain wrote in a post on X, noting the significant profits that have come from mirrored trading. Lookonchain explained that 0x2258 shorted bitcoin when Wynn went long, and went long when Wynn shorted, using Wynn’s public trading wallet as a signal.
Blockchain data shows this pattern generated substantial short-term returns, though the report cautions that rapid market changes could quickly eliminate such profits. Wynn himself responded to recent events by stating, "I’ll run it back, I always do. And I’ll enjoy doing it. I like playing the game," after being liquidated.
The concept of trading opposite a high-profile investor’s calls—including Wynn—draws comparisons to the meme around U.S. television stock picker Jim Cramer, for whom an "Inverse Cramer ETF" was briefly launched. While there is no indication that Wynn’s trades will be a reliable guide long term, the case illustrates how transparent crypto trading records can become a focus for speculative strategies in digital markets.
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