Crypto Trader James Wynn Boosts 40x Long on Bitcoin to $1.2B

Ah, dear reader, gather ’round as we delve into the curious case of James Wynn, a crypto trader whose audacity knows no bounds! On this fine Friday, he has unveiled a staggering long position of $1.07 billion on Hyperliquid, a decentralized derivatives exchange. Yes, you heard it right—40x leverage! Because who needs sleep when you can gamble your fortune? 😅

In a moment of sheer bravado, Wynn shared a screenshot on X, revealing his trade: 9,794 BTC at an entry price of $109,080, with a mark price of $109,516. His exposure? A jaw-dropping $1,072,648,585.37, all while maintaining a mere $26.8 million in margin. Talk about living on the edge! The liquidation price looms ominously at $103,836—one wrong move, and poof! 💨

Our intrepid trader began this wild ride with $830 million on May 21, just as Bitcoin decided to flirt with the $109,000 mark. That very day, he trimmed 3,688 BTC, pocketing around $400 million in early profits. But fear not, for by May 22, he was back at it, boosting his position to $1.1 billion, all while keeping that high-risk leverage. Bitcoin, in its infinite wisdom, had crossed $110,000, and Wynn was basking in $39 million of unrealized gains. What a life! 🎉

But wait, there’s more! He later trimmed again, selling off 540 BTC for about $60 million, securing a tidy $1.5 million profit. Traders, ever the vigilant hawks, began to watch his wallet closely, for Wynn’s past trims often heralded market pullbacks. It was not long ago that he first captured the attention of the trading world by flipping memecoins. His wallet, 0x507, became legendary for transforming a humble $8,524 into a staggering $44.4 million with the infamous PEPE token. In June 2024, he even moved $7.5 million worth of PEPE into Binance. Truly, a tale for the ages! 🐸💰

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2025-05-23 23:52