James Wynn Goes 10x Leverage Long on PEPE

Renowned crypto trader James Wynn has placed another bold bet on meme coin PEPE, opening a long position with 10x leverage on the Hyperliquid platform.

Renowned crypto trader James Wynn has placed another bold bet, this time going 10x long on PEPE Coin via Hyperliquid. The move comes shortly after Wynn squared off all his positions as BTC trades in a volatile range between $108K-$112K. Having taken massive bets on the decentralized derivatives platform Hyperliquid, Wynn finally walks away with $25 million in profits on his Bitcoin bets, and has already minted another $200K on the meme coin bet.

Crypto Trader James Wynn Goes 10x Leverage Long on PEPE

"Ok so left a milly in my perps account. Put it all on $pepe 10x leverage.

Up $200k in just a few hours. But man, the itch to open up a billion dollar long and go full degen gambler is calling hahaha…

I will not do it. Gotta get back to my people in the trenches. It’s where I belong.

Come hangout in the Hype CCs y'all. ", Wynn said.

Wynn Nets $25 Million Profit in Bitcoin Trade

As Bitcoin price touched an all-time high at $11,970 levels last week, James Wynn took a 40x leverage long bet on Hyperliquid, grabbing investors’ attention alike. However, BTC reversed its gains soon as US President Donald Trump threatened 50% tariff on the EU. This forced Wynn to change his stand and take a $1 billion short BTC bet on Sunday.

However, BTC price faced a minor uptick once again surging 1.2% to $110 levels soon as Donald Trump announced his decision to delay tariff imposition on the EU, to July 9. This flip-flop and volatility finally caused Wynn to square off his position with $25 million profit. Speaking on the development, Wynn wrote:

“To all the fans and haters: We had a good run gambling on perps. At peak the account was up $87,000,000 profits from like $3-$4m. Now decided to leave the casino with my $25,000,000 profit. It’s been fun, but now it’s time for me to walk away a wynner. Wynn 1-0 Haters”.

Hyperliquid Gains Popularity

In an impressive display of trading activity, James Wynn executed 38 trades over the past 75 days. Of these, 17 were profitable, resulting in a 45% win rate. The trader’s high-volume activity contributed approximately $2.31 million in trading fees to the Hyperliquid platform.

As a result, it has overtaken top market players like Tron, Ethereum, BNB Chain, and others in revenue generation.

The Hyperliquid (HYPE) price is another 12% today, extending its weekly gains by 50%, and hitting a fresh all-time high of $40. Our Hype price prediction data shows that the rally can further extend to $45 over the coming month of June.

Hyperliquid has solidified its position as a go-to platform for the crypto community in the derivatives market. Leveraging its advanced Web3 infrastructure, the platform enables users to seamlessly access and monitor on-chain activity directly linked to trading operations. Legendary trader Arthur Hayes predicts HYPE price to skyrocket to $100 in this ongoing rally.