James Wynn: The High-Stakes Crypto Trader Re-emerges with Daring Bets
In the ever-evolving world of cryptocurrency trading, few stories are as captivating as that of James Wynn. This renowned trader, infamous for his audacious $1 billion Bitcoin (BTC) gamble that led to a staggering $100 million loss earlier this year, has once again captured the spotlight. After a period of silence, Wynn has resurfaced, placing high-risk bets on PEPE and BTC, as confirmed by recent on-chain data.
The Comeback: Wynn’s Bold 10x Bet on PEPE
After disappearing from the crypto scene earlier in 2025, Wynn is staging a dramatic return. This time, he’s setting his sights on the volatile meme coin, PEPE. Renowned for his high-stakes tactics, Wynn is back trading on the decentralized derivatives platform Hyperliquid, with a focus on PEPE. Utilizing the same crypto wallet from his previous activities, Wynn has embarked on a new venture with a 10x long position on kPEPE.
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The blockchain analytics firm, Lookonchain, reports that Wynn’s latest move is funded by a recently acquired referral reward of 6,792.53 USDC. This marks a significant departure from his previous billion-dollar engagements. HyperDash’s data reveals Wynn’s commitment, with a long position valued at approximately $89,000 in kPEPE. Employing 10x leverage, this translates to an actual capital input of about $8,800, but with exposure exceeding $89,000. By acquiring over 6.8 million kPEPE tokens, Wynn is betting heavily on a price surge. However, this strategy is fraught with risk, as a mere 10% dip in PEPE’s value could lead to a total loss of his margin.
This bold move follows Wynn’s public debacle in May 2025, where his $1 billion BTC longs were liquidated as Bitcoin’s price dipped below $105,000, culminating in a $100 million (949 BTC) loss. This incident sparked significant discourse within the crypto community, with many questioning Wynn’s risk management prowess.
Wynn’s Audacious 40x Bet on Bitcoin
Despite enduring massive setbacks, Wynn is once again engaging in high-risk Bitcoin trading, with a $468,000 position leveraged at 40x. According to Lookonchain, Wynn infused 468,000 USDC into Hyperliquid, opening a new Bitcoin long with a liquidation threshold of $115,570.
HyperDash’s latest insights reveal that Wynn’s position is now a $23.9 million Bitcoin long, leveraging 40x on Hyperliquid. This position encompasses over 202 BTC, underscoring Wynn’s unwavering belief in Bitcoin’s upward potential. However, this strategy is perilous, as even a 2.5% adverse price movement could precipitate a full liquidation, eradicating Wynn’s entire margin.
The Bitcoin market’s inherent volatility amplifies the risks of such high-leverage strategies, leaving minimal room for miscalculation.
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