Hyperliquid trader James Wynn goes ‘all-in’ on $1.25B Bitcoin Long

Well-known Hyperliquid trader James Wynn has accrued his 40x leverage agelong Bitcoin stake to $1.25 cardinal aft closing his $PEPE presumption for a $25.2 cardinal profit.

On May 24, Lookonchain reported that Wynn entered an 11,588 BTC presumption with an mean introduction terms of $108,243 and a liquidation level of $105,180.

The determination came hours aft Wynn exited his Ether (ETH) and Sui (SUI) longs astatine a $5.3 cardinal loss. At the time, helium utilized the proceedings to treble down connected Bitcoin (BTC), expanding his presumption to 11,070 BTC.

Wynn began his Bitcoin agelong presumption with $830 cardinal connected May 21, trimming $400 cardinal successful profits the aforesaid day. By May 22, helium ramped the position backmost up to $1.1 billion, holding precocious leverage arsenic BTC crossed $110,000 and gained $39 cardinal connected paper. He aboriginal sold 540 BTC for $60 million, securing a $1.5 cardinal profit.

James Wynn’s Bitcoin agelong bet. Source: James Wynn

Related: Bitcoin continues rally to surpass $110K for the archetypal time

Wynn suffers losses aft Trump tariff threat

Wynn took a deed pursuing a crisp marketplace downturn triggered by erstwhile President Donald Trump’s announcement of a 50% tariff connected each European Union imports.

The news, delivered connected May 23, sent Bitcoin tumbling beneath $107,000 and erased gains crossed some accepted and crypto markets. Ether besides dropped to arsenic debased arsenic $2,504 portion memecoins were deed adjacent harder.

Data from HypurrScan shows that Wynn has suffered much than $29 cardinal successful losses implicit the past time alone. However, helium is inactive up much than $57 cardinal successful all-time trading and $46 cardinal implicit the past period alone.

Wynn’s PnL. Source: HypurrScan

Related: Hyperliquid backs 24/7 crypto trading successful CFTC comments submission

High-stakes crypto trader

Wynn is simply a high-stakes crypto trader who describes himself arsenic a high-risk leverage trader and memecoin maxi. He besides claims to person called Pepe (PEPE) a bargain erstwhile its marketplace headdress was astatine $600,000.

The crypto whale started utilizing Hyperliquid 2 months ago, depositing $4.65 cardinal worthy of the stablecoin USDC (USDC) onto the platform, Hypurrscan information shows.

Hyperliquid’s DEX is the flagship merchandise connected the Hyperliquid furniture 1 blockchain, which besides offers spot trading and borrowing and lending services, among different things.

Notably, Wynn’s assertive leverage amplifies his vulnerability to volatility. With Bitcoin trading adjacent $109,000, immoderate crisp determination downward could endanger the position.

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