Crypto Trader James Wynn Takes Another 40x Bitcoin Long, and 10x PEPE Long Bets

Crypto trader James Wynn takes 10x leverage long for PEPE Coin on Hyperliquid, along with 40x Bitcoin leverage long in fresh position.
By Bhushan Akolkar
After Bitcoin, Crypto Trader James Wynn Sets Sight on PEPE With 10x Leverage Long

Highlights

  • James Wynn entered a new 10x long, building on his success from a previous $26 million profit on a PEPE trade
  • Over the past 75 days, Wynn executed 38 trades on Hyperliquid, achieving a 45% win rate and contributing $2.31 million in fees.
  • Hyperliquid surpassed platforms like Ethereum and BNB Chain in revenue generation.
  • HYPE token surged 12% today, extending weekly gains to 50% and reaching an all-time high of $40.

Crypto trader James Wynn has opened a fresh 40x leverage long position in Bitcoin, along with a 10x leverage long position for PEPE Coin. This comes soon after Wynn squared off all his positions as BTC turns volatile in the range between $108K-$112K. After taking massive bets on the decentralized derivatives platform Hyperliquid, Wynn finally walks away with $25 million in profits on his previous Bitcoin bets.

Update: After netting $25 million and squaring off his previous Bitcoin position, JamesWynn took another 40x leverage Bitcoin position as BTC moved above $110K. The position size has grown to 684 BTC, valued at $75.34 million, with a liquidation price set at $103,120.

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Crypto Trader James Wynn Goes 10x Leverage Long on PEPE

Renowned crypto trader James Wynn has placed another bold bet on meme coin PEPE, opening a long position with 10x leverage on the Hyperliquid platform. Previously, Wynn tasted massive success on his meme coin bet, netting $26 million from a long-PEPE trade. Soon after, the PEPE price shot up over 3%, with its market cap reaching $6 billion, and daily trading volume skyrocketed 40% to $1.5 billion.

Wynn Nets $25 Million Profit in Bitcoin Trade

Just as Bitcoin price touched an all-time high at $11,970 levels last week, James Wynn took a 40x leverage long bet on Hyperliquid, grabbing investors’ attention alike. However, BTC reversed its gains soon as US President Donald Trump threatened 50% tariff on the EU. This forced Wynn to change his stand and take a $1 billion short BTC bet on Sunday.

However, BTC price faced a minor uptick once again surging 1.2% to $110 levels soon as Donald Trump announced his decision to delay tariff imposition on the EU, to July 9. This flip-flop and volatility finally caused Wynn to square off his position with $25 million profit. Speaking on the development, Wynn wrote:

“To all the fans and haters: We had a good run gambling on perps. At peak the account was up $87,000,000 profits from like $3-$4m. Now decided to leave the casino with my $25,000,000 profit. It’s been fun, but now it’s time for me to walk away a wynner. Wynn 1-0 Haters”.

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Hyperliquid Gains Popularity

In an impressive display of trading activity, James Wynn executed 38 trades over the past 75 days. Of these, 17 were profitable, resulting in a 45% win rate. The trader’s high-volume activity contributed approximately $2.31 million in fees to the Hyperliquid platform. As a result, it has overtaken top market players like Tron, Ethereum, BNB Chain, and others in revenue generation.

Bitcoin Trader James Wynn Closes All Positions On Hyperliquid With $25M Profit
Source: Artemis

The Hyperliquid (HYPE) price is another 12% today, extending its weekly gains by 50%, and hitting a fresh all-time high of $40. Our Hype price prediction data shows that the rally can further extend to $45 over the coming month of June.

Hyperliquid has solidified its position as a go-to platform for the crypto community in the derivatives market. Leveraging its advanced Web3 infrastructure, the platform enables users to seamlessly access and monitor on-chain activity directly linked to trading operations. Legendary trader Arthur Hayes predicts HYPE price to skyrocket to $100 in this ongoing rally.

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Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
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