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Cryptocurrency News Articles

title: James Wynn Recently Grabbed Headlines With a $1.1 Billion Long Position on BTCPERP

May 22, 2025 at 07:32 pm

James Wynn, who recently placed a $1.1 billion bet on Bitcoin (BTC) perps on HyperLiquid, identifies as a “high-risk leverage trader and memecoin maxi”

title: James Wynn Recently Grabbed Headlines With a $1.1 Billion Long Position on BTCPERP

James Wynn, a high-risk leverage trader and memecoin maxi, recently made headlines with his $1.1 billion long position on BTCPERP via HyperLiquid.

James Wynn, a high-risk leverage trader and memecoin maxi, recently made headlines with his $1.1 billion long position on BTCPERP via HyperLiquid.

This follows a five-day journey where Wynn started with $400K margin and gradually increased his exposure, finally leveraging 40 times to control the $1.1 bet. He ramped up the position with the aim of reaching $1 billion by today.

This follows a five-day journey where Wynn started with $400K margin and gradually increased his exposure, finally leveraging 40 times to control the $1.1 bet. He ramped up the position with the aim of reaching $1 billion by today.

According to Coinglass, Wynn entered the BTC position at an average price of around $108K. The trade has seen massive volatility. At one point, the position showed a paper profit of $17 million. However, the trade is currently in unrealized loss of $15.6 million. Despite this, at the moment, the position is showing a profit of about $14 million and liquidation price is at $95,805, which is still safe with BTC trading above $110K.

According to Coinglass, Wynn entered the BTC position at an average price of around $108K. The trade has seen massive volatility. At one point, the position showed a paper profit of $17 million. However, the trade is currently in unrealized loss of $15.6 million. Despite this, at the moment, the position is showing a profit of about $14 million and liquidation price is at $95,805, which is still safe with BTC trading above $110K.

According to reports, Wynn started trading on HyperLiquid about two months ago and during this period, he executed 32 leveraged trades on different currencies.

According to reports, Wynn started trading on HyperLiquid about two months ago and during this period, he executed 32 leveraged trades on different currencies.

Earlier this month, Wynn also placed a 300 times leverage bet of $1.5 million on Fartcoin (FARTCOIN) which brought him an estimated profit of $4.8 million. He also reportedly made an estimated profit of $6.8 million from an early bet on Official Trump (TRUMP) token at 200 times leverage.

Earlier this month, Wynn also placed a 300 times leverage bet of $1.5 million on Fartcoin (FARTCOIN) which brought him an estimated profit of $4.8 million. He also reportedly made an estimated profit of $6.8 million from an early bet on Official Trump (TRUMP) token at 200 times leverage.

He has also spoken about spotting opportunities early, like seeing Pepe coin (PEPE) as a buy when its market cap was just $600K.

He has also spoken about spotting opportunities early, like seeing Pepe coin (PEPE) as a buy when its market cap was just $600K.

Currently, Wynn’s latest bet is on Moonpig (MOONPIG) - an $80M marketcap memecoin that’s rallying 120% at press time.

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Other articles published on May 23, 2025