- Crypto trader James Wynn has opened bold new positions with a 40x Bitcoin long and 10x PEPE long on Hyperliquid, after netting $25 million in profits.
- His high-risk trades continue to boost Hyperliquid’s popularity, as the HYPE token hits a new all-time high.
Renowned crypto trader James Wynn is once again making waves in the digital asset space. Just days after walking away with $25 million in profits from a high-stakes Bitcoin trade, Wynn has doubled down with fresh leveraged positions—this time going 40x long on Bitcoin and 10x long on the meme-favorite PEPE Coin via the decentralized derivatives platform, Hyperliquid.
Wynn’s aggressive re-entry into the market came shortly after Bitcoin rebounded above the $110K level. His new BTC position stands at 684 coins—valued at over $75 million—with a liquidation point set at $103,120. The move has sparked widespread interest, especially given Wynn’s recent success and reputation for bold, high-leverage trades.
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But it’s not just Bitcoin catching his eye. Wynn has also returned to PEPE, a token that previously earned him a staggering $26 million. His 10x long bet on the meme coin was placed shortly before PEPE surged over 3% in price, lifting its market cap to $6 billion and pushing daily trading volume up by 40% to $1.5 billion.
Wynn’s activity continues to fuel the rapid rise of Hyperliquid, the platform hosting his trades. Over the last 75 days, Wynn has completed 38 trades, with a 45% win rate, generating $2.31 million in fees for the protocol. This high-volume action has helped Hyperliquid outpace major blockchain networks like Ethereum and BNB Chain in revenue generation.
Meanwhile, Hyperliquid’s native token HYPE is riding the momentum. It jumped another 12% today, marking a 50% gain for the week and hitting an all-time high of $40. Some analysts, including Arthur Hayes, suggest HYPE could surge to $100 if the rally continues.
Wynn’s message to fans and critics alike? “It’s been fun, but now it’s time for me to walk away a wynner.” Whether he walks away again or leans further into the volatility remains to be seen—but one thing is clear: James Wynn is not done yet.