MEXCCrypto Trader James Wynn Loses $99M in Bitcoin Bets, This Counter Trader Wins
Highlights
- Three unsuccessful high-leverage Bitcoin bets by James Wynn, caused the crypto trader to lose $99 million.
- A trader identified as 0x2258 counter-traded Wynn’s positions, earned an impressive $17M in three days.
- As Bitcoin price fluctuations intensified, the 24-hour BTC long liquidations exceeded $200M.
Crypto trader James Wynn, who’s been in the news for his high-leverage bets, has lost a staggering $99 million in the past two days with his Bitcoin bets falling flat on his face. With BTC price taking a dip under $105K, Wynn was forced to close all his positions, leading to huge liquidations. On the other hand, a smart crypto trader, betting against Wynn, managed to mint $17 million in the same time.
How Did James Wynn Lose $99 Million in Bitcoin Bets?
Crypto trader Wynn gained popularity in the crypto circle while taking his profits from just $500K capital to a massive $87 million in just two months, through his high-leverage bets on PEPE, TRUMP, and FARTCOIN. However, he continued with the same huge leverage bets on BTC, putting all the profits at stake, and losing a massive $99 million in just a week’s time.
Timeline of Wynn’s Crypto Trades
Wynn stunned the crypto world by turning $500K into $87 million through bold leveraged trading across multiple positions. Below is the timeline of his most successful bets in the period between March 20 to May 23.
- 10x long on $PEPE, amassing $23.8 million in unrealized profit.
- 10x long on $TRUMP, yielding $6.83 million in realized gains.
- 5x long on FARTCOIN, netting $4.48 million in realized profit.
On May 22, Wynn’s high-profile $1.14 billion Bitcoin position was up $39 million, showcasing his extraordinary success.
This is how the crypto trader lost all of his fortune in just a matter of 7 days.
- May 24: Wynn doubled down on $1.25 billion BTC longs, resulted in a $13.4 million unrealized loss within hours.
- May 25: Switching to $1 billion BTC shorts led to a staggering $15.87 million loss in 15 hours.
- May 30: Wynn faced liquidation of 949 BTC ($99.3 million) as Bitcoin dropped below $105,000.
The volatility in Bitcoin price has revived as US courts go back and forth on Trump tariffs. Coinglass data shows that the 24-hour BTC long liquidations have surged past $200 million.
Crypto Trader Mints $17 Million Betting Against Wynn
Some 17 hours ago from the press time, James Wynn stated that the “comeback will be forcious”. However, it only turns out that the crypto trader was liquidated for 949 BTC. On the other hand, the trader who took BTC bets against Wynn made a multi-million-dollar fortune.
The comeback will be ferocious pic.twitter.com/6954peGIYX
— James Wynn 🐳 (@JamesWynnReal) May 29, 2025
In a surprising twist, a trader with crypto address 0x2258 has found success by consistently counter-trading James Wynn’s positions. By shorting when Wynn goes long and going long when Wynn shorts, 0x2258 has raked in an impressive $17 million in profits, reported LookonChain.
- €648 Billion Nordea To Allow Customers to Trade Bitcoin-Linked Funds
- Uphold Joins Gemini, Relaunches XRP Debit Card Following SEC Lawsuit Resolution
- Breaking: XRP Treasury Evernorth Debuts on Nasdaq Under XRPN Ticker After $1B Token Purchase
- BlockDAG Listing Rumors on Coinbase and Kraken Fuel Hype; But Analysts Urge Caution
- Toobit Introduces Multi-Million Dollar Shield Fund to Protect Traders Against Platform Incidents
- Cardano Price Risks 20% Crash Amid Death Cross and Falling ADA ETF Odds
- Bitcoin Price Forecast as Trump Cuts Tariffs After US-China Trade Deal
- Analyst Foresees a Parabolic Rally for Pepe Coin Price as Whale Accumulation Intensifies
- Fidelity Amends S-1 for Solana ETF: Is SOL Price Set to Rally?
- Pi Coin Price Targets $0.65 as ISO 20022 Membership Boosts Institutional Confidence
- Ethereum Price Flips BTC in Strategy Shift, Eyes $4500 Level
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
