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

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.

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”.

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.

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.