James Wynn’s Wild Ride: From $100M Loss to PEPE Gains! 🎢💰

by

What to know:

  • Ah, James Wynn, the illustrious trader, has decided to place a $12 million long position on PEPE futures, right after losing a staggering $100 million in Bitcoin trades. Talk about a rollercoaster! 🎢
  • Wynn’s new dalliance with the memecoin PEPE has already yielded an unrealized gain of 10.66%. Who knew losing money could be so profitable? 😂
  • The recent trading escapades have showcased Hyperliquid’s remarkable ability to juggle large transactions with the grace of a circus performer using smart contracts and its blockchain. 🎪

“James Wynn,” the trader everyone loves to watch, has now placed a $12 million long bet on PEPE just hours after his Bitcoin long positions went belly up. What a plot twist! 📉

Wynn, infamous for his billion-dollar bets on the onchain trading platform Hyperliquid, has opened a new 10x leveraged long worth more than $12 million on the memecoin PEPE, according to the ever-reliable Hyperdash data. 📊

Now, our dear Wynn holds a whopping 934 million PEPE tokens valued at approximately $12.1 million. His entry price of $0.0129 has already netted him an unrealized gain of 10.66%—a small but notable pivot after last week’s catastrophic Bitcoin trade. Who says you can’t bounce back? 🏀

Wynn’s Bitcoin losses are the stuff of crypto legend. Earlier this week, he built a record-setting $1.25 billion notional long position at an average price of $108,243, only to watch it plummet as Bitcoin dipped below $105,000 after U.S. President Donald Trump’s tariff announcement on EU exports. Ouch! 😬

Multiple liquidations—including a 527 BTC position worth over $55 million and a 421 BTC position worth nearly $44 million—wiped out more than $100 million of Wynn’s holdings in just a few days. Talk about a bad hair day! 💇‍♂️

As such, the latest move into PEPE has traders scratching their heads, wondering if Wynn is a real person with a gambling addiction or merely an account funded to drum up attention for Hyperliquid. Either way, the money is real, and this week-long saga has proven Hyperliquid’s capability to handle billions of dollars in a single trader, all while using smart contracts and its native blockchain. 🤑

The hype has turned out to be real for Hyperliquid’s own HYPE, with the token up 20% in the past two weeks amid the recent attention to the platform. Who knew hype could be so… hyped? 🎉

Read More

2025-05-30 16:13