James Wynn Opens New 40x Leverage Long Position in Bitcoin (BTC) and a 10x Leverage Long Position on Pepe (PEPE)

Today, the renowned crypto trader launched a fresh 40x leverage long position in Bitcoin (BTC) and a 10x leverage long position on Pepe (PEPE).

Prominent trader James Wynn is known for his bold moves and willingness to take large risks, which has earned him both fame and fortune in the cryptocurrency market.

Today, Wynn is juggling a massive 40x leverage long position in Bitcoin (BTC) and a 10x leverage long position on Pepe (PEPE).

At the moment, he has 684.11 BTC valued at $75 million in a single Hyperliquid Long position with 40x leverage and 24,778 P pepe valued at $2 million in a single Hyperliquid Long position with 10x leverage.

Prominent trader makes a huge move

Wynn’s latest trades highlight the risky yet potentially rewarding calculus that some operators are making in the digital asset market.

The Hyperliquid platform, where these trades are taking place, is known for its decentralized nature and high-volume trading activity.

Having sold all of his Bitcoin holdings after recent BTC surges to greater highs between $108,000 and $112,000, which saw him generate massive profits, the trader is buying the dips again.

Earlier this week, he closed out a large 10x leveraged PEPE position that had already earned him an outstanding profit of over $26 million.

This time, he is initiating a new 10x leveraged Long position in PEPE with 24,778 P pepe valued at $2 million. At the moment, this position has already enabled him to hold a floating profit of $200,000.

Afterward, he went all-in on BTC with a huge position of 684.11 BTC valued at $75 million using 40x leverage. The position is currently yielding an unrealized profit of $25 million.

Hyperliquid token price surges further to new ATH

Wynn’s high-leverage trades come as the Hyperliquid has seen a surge in trading volume, highlighting the role of decentralized trading platforms in the digital asset market.

Hyperliquid is increasingly becoming the go-to platform for users who want to engage in derivatives markets. This explains why its native token, HYPE, is on tremendous surges.

Currently, it is trading at $37.78, after seeing a further rise earlier today to the ATH of $39.68.