James Wynn said that he will “recover all in one trade” after losing a staggering $37 million in Bitcoin bets. The crypto trader has opened a new 10x long position for PEPE Coin, and has been teasing the Moonpig meme coin on X platform.
The Hyperliquid whale, who gained popularity by generating a massive $87 million profit by betting on PEPE, TRUMP, and FARTCOIN, lost all of its and more in the last three days, on his Bitcoin bets. As per data by On-Chain College, these losses amount to $37 million, including fees.
Crypto trader James Wynn is back to betting on his favourite meme coin PEPE, which helped him mint millions in fortune. Furthermore, by tweeting the image of moonpig, the crypto trader wrote: “I’ll make it all back in one trade”.
As per the on-chain data on HyperDash, Wynn is once again betting on PEPE price rally going ahead, with a 10x leverage long. The meme coin has entered a sharp correction recently, with 17% downside on the weekly chart. However, it still stands at a massive 43% gain on the monthly chart. Earlier this week, PEPE coin started trending following a post on Truth Social by US President Donald Trump.
Following the recent tweet from Wynn, Moonpig price has shot up by 8% with massive candle formation, after being 10% down earlier in the day. The meme coin has already witnessed a 737% rally over the past month. In his message on the X platform, Wynn wrote: “my time is going to spent in the trenches and helping to build a community around $moonpig”. Furthermore, the crypto trader also conceded his loss in Bitcoin noting:
“The perps casino was fun. Zero regrets. Flipping $4m to $100m and back down to -$13m is one hell of a thrill. Hope many of you enjoyed it as much as I did. Most wouldn’t dare or dream to place these kind of trades.
Well, they can’t, they don’t have the money to do so, nor the balls to take on that kind of risk publicly. I took a shot at making $1bn USD. Maybe next time 😉 I’ll be back”.
After closing his Bitcoin position at a massive loss, Wynn criticized the state of financial markets, calling out their alleged corruption. “One thing for sure is that I have exposed just how corrupt these markets are,” he said, further adding: “Guess it’s better to just buy and hold $BTC on spot and cold storage it.”
Despite his statement, onchain analytics platform Lookonchain revealed that Wynn opened another Bitcoin long following Donald Trump’s statement against China today. The Bitcoin price surged to as high as $106,000 following that development.
However, BTC dropped below $104,000 some hours later with the US-China trade war escalating. As Lookonchain revealed in an X post, this led to a partial liquidation for Wynn on his Bitcoin and PEPE long positions.
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