Crypto Trader James Wynn Opens 10x Leverage Long Position on PEPE

This move came shortly after Wynn closed all his positions when the price of BTC started fluctuating in the range of $108K to $112K.

input: A crypto trader who recently went viral for using 40x leverage on Bitcoin (BTC) has once again become a hot topic after going long on Pepe Coin (PEPE) with 10x leverage.

This move comes shortly after James Wynn closed all of his positions when the price of BTC began fluctuating in the range of $108K to $112K.

After making a big bet on decentralized derivatives platform Hyperliquid (HYPE), Wynn managed to pocket a profit of $25 million from his investment in Bitcoin, and has already earned an additional $200K from investing in the meme coin.

Crypto Trader James Wynn Opens 10x Leverage Long Position on PEPE

Renowned crypto trader James Wynn made another bold move by going long on the PEPE meme coin using 10x leverage on the Hyperliquid (HYPE) platform.

“Another day, another meme coin. I’m opening a 10x long position on $PEPE. Wish me luck!”

Previously, Wynn had great success from similar bets, managing to make a profit of $26 million from a long PEPE trade.

Shortly after, the price of PEPE surged by more than 3%, pushing market capitalization to $6 billion and causing daily trading volume to skyrocket 40% to $1.5 billion.

Wynn Earns $25 Million From Bitcoin Trading

When the price of Bitcoin reached a record high of $11,970 last week, James Wynn attracted the attention of investors by going long using 40x leverage on the Hyperliquid platform.

However, BTC experienced a correction after US President Donald Trump threatened to impose 50% tariffs on the European Union, prompting Wynn to alter his strategy and take a $1 billion BTC short position on Sunday.

But the price of BTC saw a mild 1.2% increase to $110 after Trump announced a delay in the tariffs until July 9. This quick turnaround and market volatility eventually led Wynn to close all of his positions with a net gain of $25 million.

Reacting to his achievement, Wynn penned:

“To all the fans and haters: We’ve had a great time gambling on the perpetual market. At its peak, my account recorded a profit of $87,000,000 from a capital of about $3-$4 million. Now I’ve decided to exit the casino with a profit of $25 million. It’s been fun, but it’s time for me to step down as a winner. Wynn 1-0 Haters.”

Hyperliquids Are Growing In Popularity In The Crypto World

In an impressive trading activity, James Wynn executed 38 transactions over the past 75 days. Out of these transactions, 17 trades managed to post a profit, resulting in a win rate of 45%.

Wynn’s large-scale trading activities also contributed around $2.31 million in fees to the Hyperliquid platform. Consequently, Hyperliquid managed to outpace major players like Tron (TRX), Ethereum (ETH), BNB Chain, and others in terms of revenue generation.

Hyperliquid (HYPE) token price rose another 12% today, extending its weekly gain to 50% and setting a new record high of $40. Based on HYPE price prediction data, this rally is expected to continue until it reaches $45 in June.

Hyperliquid has now secured its position as the go-to platform for the crypto community in the derivatives market. Through the advanced Web3 infrastructure, the platform enables users to access and monitor on-chain activities directly linked to trading operations.

Legendary trader Arthur Hayes even predicted HYPE prices could soar to $100 in this ongoing rally.

Stay tuned to Google News for the latest crypto news, updates, and analysis.output: