- James Wynn increased his Bitcoin long position to $1.25 billion using 40x leverage on the Hyperliquid platform.
- He exited his $PEPE coin trade with a $25.2 million profit before expanding his Bitcoin exposure.
- Wynn’s position was affected by a market drop following former President Donald Trump’s tariff announcement.
- Recent trading reports show Wynn lost over $29 million in one day but still maintains more than $57 million in all-time gains.
- Wynn is known for taking high-risk trades on memecoins and is active on Hyperliquid’s decentralized exchange.
James Wynn, a trader well-known on the Hyperliquid platform, increased his Bitcoin long position to $1.25 billion with 40x leverage after closing his PEPE coin position for a $25.2 million profit on May 24. Wynn made the move shortly after selling his Ether (ETH) and Sui (SUI) positions at a loss of $5.3 million and used these funds to double down on Bitcoin.
According to data released, Wynn entered an 11,588 BTC position at an average price of $108,243 per Bitcoin, with a liquidation point at $105,180. Earlier in the week, Wynn started his Bitcoin position with $830 million and realized $400 million in profits the same day. He later increased his exposure back to $1.1 billion as Bitcoin’s price surpassed $110,000, resulting in $39 million in unrealized gains and a further $1.5 million profit after selling 540 BTC.
After former President Donald Trump announced a 50% tariff on European Union imports on May 23, markets saw sharp declines. This caused Bitcoin to drop below $107,000 and affected both traditional and cryptocurrency markets. Wynn suffered more than $29 million in trading losses during this period, according to HypurrScan data. Despite this setback, Wynn remains up over $57 million all-time and $46 million in the past month.
Wynn is recognized for his aggressive trading strategies, describing himself as a high-risk leverage trader focused on memecoins. He previously identified PEPE as a buy when its market capitalization was $600,000.
Hyperliquid’s decentralized exchange is the main product on its blockchain, offering spot trading and borrowing services. Wynn began using Hyperliquid two months ago, depositing $4.65 million in USD Coin (USDC) on the platform. With Bitcoin currently near $109,000, Wynn’s large leveraged bet continues to face high volatility risks.
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