High-Stakes Trader James Wynn Reactivates Hyperliquid Account — What’s He Up To Now?
James Wynn, a widely known high-stakes crypto dealer famed for his aggressive leveraged bets, has returned to the markets. After months away from main trades, Wynn reactivated his Hyperliquid account this week, injecting recent capital and reopening giant positions.
Lookonchain on Wednesday shared data on X exhibiting Wynn deposited 197,000 USDC between Oct. 14 and 15, additionally claiming a $2,818 referral reward.
He opened $4.8m in leveraged lengthy positions unfold throughout three property — $3.85m in Bitcoin at 40x leverage, $917,000 in PEPE at 10x and $28,000 in HYPE at 10x. His present holdings stand at 34.2 BTC, 122.8 million kPEPE and 712.67 HYPE.
His timing coincides with heightened market volatility, together with a wave of liquidations on Hyperliquid following Bitcoin’s newest dip.
With Each Bet, James Wynn Reinforces His Legend As A Market Showman
Wynn’s type stays theatrical. He typically portrays his trades as “viral takeovers,” branding his comebacks as market-defining moments that align with bottoms or main rebounds.
His historical past is each dramatic and cautionary. Wynn first gained consideration after turning a modest $7,000 place in PEPE into $25m. That meteoric rise set the tone for his high-risk persona, attracting each followers and critics.
Earlier this 12 months, Wynn declared he was done with perpetuals after flipping $4m into $100m, solely to lose all of it and fall right into a $17.5m deficit. He stated he would give perps buying and selling a break earlier than deactivating his account. But blockchain data quickly revealed in any other case.
Nine-Figure Losses Pushed James Wynn To Vanish From Crypto Circles
Less than 24 hours after his so-called exit, Wynn opened a brand new $100m Bitcoin lengthy at $105,890 with 40x leverage. By May, the place was worn out when Bitcoin slipped under $105,000, erasing 949 BTC from his holdings.
Following the wipeout, Wynn liquidated 240 BTC, value about $25m on the time, in a last-ditch effort to decrease his liquidation danger. The transfer failed, and by July, he deactivated his X account after struggling nine-figure losses.
Before disappearing, he modified his profile bio to a single phrase: “broke.” Yet his newest deposits counsel a comeback that’s as audacious as ever.
Despite Losses, Wynn’s Name Still Draws New Traders To Hyperliquid
In June, Wynn admitted his buying and selling had grow to be extra playing than self-discipline, warning others to not comply with his lead. Still, his high-stakes returns, nonetheless fleeting, typically drew new merchants to platforms like Hyperliquid, briefly boosting its native token, HYPE.
Crypto circles stay divided. Some see Wynn’s reentry as a well-recognized spectacle, one other unstable cycle of leverage and liquidation. Others argue his resilience retains him related in a market that thrives on danger and redemption.
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