Exploring the World of High-Stakes Crypto Trading: A Look into James Wynn’s Latest Moves
James Wynn, a renowned crypto trader with a history of significant financial liabilities, once again finds himself in the spotlight. Earlier this year, Wynn made headlines after suffering a colossal $100 million loss from a $1 billion long position on Bitcoin (BTC). After weeks of silence following this dramatic setback, Wynn is back in the trading game, this time focusing on high-risk investments in PEPE and BTC.
Wynn’s Bold Move: A 10x Bet on PEPE
In early 2025, after a notable absence from social media and experiencing one of the most dramatic failures in the crypto trading world, Wynn has reemerged with a substantial investment in the highly volatile meme coin, PEPE. Reports indicate that he is trading PEPE using leverage on the decentralized derivatives platform Hyperliquid.
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According to data from the analytical platform Lookonchain, Wynn is back in action with the same crypto wallet he used for previous transactions. Blockchain records reveal that his latest position, a 10x long on kPEPE, is largely funded by a recently acquired referral reward of 6,792.53 USDC. This investment is notably smaller than the billion-dollar positions he previously managed.
Updated insights from HyperDash reveal that Wynn has opened a long position of approximately $89,000 on kPEPE. With a 10x leverage, his actual capital is around $8,800, while his exposure exceeds $89,000. Remarkably, Wynn has acquired over $6.8 million kPEPE, betting entirely on the coin’s growth. Such high leverage means a mere 10% drop in PEPE’s value could wipe out his collateral, making this a highly risky wager.
Wynn’s return comes on the heels of his public downfall in May 2025, when his billion-dollar BTC longs with leverage were liquidated as the price dropped below $105,000, resulting in a $100 million loss (equivalent to 949 BTC). This incident sparked widespread discussion in the crypto community, leading to criticism and debate. Now, Wynn is under scrutiny once more, with some labeling him a “degenerative” trader, while others question his risk management strategies.
Wynn’s High-Stakes Bitcoin Gamble
Despite the staggering losses that temporarily drove him from the market, Wynn is once again making an extraordinarily risky bet on Bitcoin. This time, he’s invested $468,000 with 40x leverage, opening a long position with a liquidation price at $115,570. Data from Lookonchain shows that the trader has transferred funds to the Hyperliquid platform, signaling his readiness for new ventures.
Recent data from HyperDash reveals that Wynn has increased his position to $23.9 million (202 BTC), maintaining the maximum leverage of 40x. This indicates his strong belief in Bitcoin’s continued growth. However, this strategy is extremely dangerous: even a minor 2.5% market correction could result in immediate liquidation of the entire position.
The BTC market is known for its volatility, and trading with such high leverage leaves no room for error. Wynn stands to either hit a substantial jackpot or face a repeat of his previous misfortune, losing millions yet again. Experts caution that such bets are more akin to gambling than to calculated investing.
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