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Well-known Hyperliquid trader James Wynn has increased his 40x leverage long Bitcoin bet to $1.25 billion after closing his $PEPE position for a $25.2 million profit.<\/p>\n
On May 24, Lookonchain reported<\/a> that Wynn entered an 11,588 BTC position with an average entry price of $108,243 and a liquidation level of $105,180.<\/p>\n The move came hours after Wynn exited his Ether (ETH<\/a>) and Sui (SUI<\/a>) longs at a $5.3 million loss. At the time, he used the proceedings to double down on Bitcoin (BTC<\/a>), increasing his position to 11,070 BTC.<\/p>\n Wynn began his Bitcoin long position with $830 million on May 21, trimming $400 million in profits the same day. By May 22, he ramped the position back up to $1.1 billion<\/a>, holding high leverage as BTC crossed $110,000 and gained $39 million on paper. He later sold 540 BTC for $60 million, securing a $1.5 million profit.<\/p>\n Related: <\/strong><\/em>Bitcoin continues rally to surpass $110K for the first time<\/strong><\/em><\/a><\/p>\n Wynn took a hit following a sharp market downturn triggered by former President Donald Trump\u2019s announcement of a 50% tariff on all European Union imports.<\/p>\n The news, delivered on May 23, sent Bitcoin tumbling below $107,000 and erased gains across both traditional and crypto markets. Ether also dropped to as low as $2,504 while memecoins were hit even harder.<\/p>\n Data from<\/a> HypurrScan shows that Wynn has suffered more than $29 million in losses over the past day alone. However, he is still up more than $57 million in all-time trading and $46 million over the past month alone.<\/p>\n Related: <\/strong><\/em>Hyperliquid backs 24\/7 crypto trading in CFTC comments submission<\/strong><\/em><\/a><\/p>\n Wynn is a high-stakes crypto trader who describes<\/a> himself as a\u00a0high-risk leverage trader<\/a> and\u00a0memecoin maxi<\/a>. He also claims to have called Pepe (PEPE<\/a>)\u00a0a buy when its market cap was at $600,000.<\/p>\n The crypto whale started using Hyperliquid two months ago, depositing $4.65 million worth of the stablecoin USDC\u00a0(USDC<\/a>)\u00a0onto the platform, Hypurrscan data shows.<\/p>\nWynn suffers losses after Trump tariff threat<\/h2>\n
High-stakes crypto trader<\/h2>\n