Blockchain trader James Wynn closed out a $1.2 billion BTC long position on Hyperliquid this morning, suffering a loss of approximately $13.39 million. A few hours later, he started shorting and continued to increase his position. By early evening, his short position had exceeded $377 million, with leverage reaching 40 times. (Opening price was $107,128)
Bitcoin briefly dropped below $107,000
Currently, Bitcoin's price continues to fluctuate between $107,000 and $109,000, briefly falling to $106,700 before quickly rebounding. At the time of writing, it was trading at $107,337, with relatively low volatility.
We remind you that although James Wynn's trading is incredibly profitable, ordinary investors should not ignore the enormous risks of his approach. For most average investors with limited risk tolerance and lack of professional market knowledge, blindly imitating such high-risk, high-leverage trading strategies could potentially lead to unbearable financial losses.
In simpler terms, if you haven't practiced, definitely do not try to imitate, and even tracking his wallet could result in significant losses!
Pepe Trading Legend
James Wynn is known as a meme coin legend, with his connection to Pepe beginning in 2023. At that time, he invested just $7,000 initially. By precisely capturing market timing, he successfully traded over 10 trillion Pepe tokens between April and May 2023, turning the initial $7,000 into an astonishing profit of around $25 million.
After a period of silence, Wynn recently, between May 14-24, 2025, again closed out his Pepe positions, this time bringing him approximately $25.18 million in returns. These two successful Pepe trades have pushed his total profits on a single cryptocurrency beyond $50 million.
Despite recent large-scale position closures, Wynn has previously stated publicly that he believes Pepe remains "severely undervalued".
