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Key Takeaways
James Wynn beforehand made almost $100 million buying and selling perpetual futures, solely to lose all of it.
After taking a hiatus, Wynn returned to Hyperliquid on Wednesday with a $197,000 USDC.
True to type, he instantly positioned a collection of high-leverage lengthy bets on three cryptocurrencies.
Earlier this 12 months, James Wynn, a crypto dealer identified for high-risk, high-reward leverage trades, introduced that he was quitting perpetual futures after a string of multi-million greenback liquidations.
However on Wednesday, Oct. 15, Wynn deposited round $197,000 USDC on Hyperliquid and was instantly again to his previous methods, opening lengthy positions with 10–40x leverage on BTC, ETH, and PEPE.
Wynn first rose to prominence in 2023, when he turned a $7,600 PEPE funding into $25 million.
He subsequently constructed a following on X by posting about memecoins and sharing his high-stakes leverage trades, characterised by multimillion-dollar positions and nail-biting swings between revenue and loss.
After he began buying and selling perpetual futures on Hyperliquid in March 2025, followers might watch Wynn’s rollercoaster crypto bets play out in actual time. He opened the account with only a few million {dollars} and shortly racked up $87 million in revenue making daring bets with as much as 40x leverage.
At one level throughout this era, Wynn held lengthy positions on Bitcoin price $1.25 billion. However his luck ran out when the crypto market turned bearish, and a cascade of liquidations erased his positive factors.
By his personal account, Wynn’s Hyperliquid journey ended with $13 million in losses. Asserting his intention to retire from perp buying and selling on the finish of Could, he stated “the perps on line casino was enjoyable,” and that he had “zero regrets.”
Regardless of indicating that he was carried out with perpetual futures, Wynn continued to make small trades, together with some on the Hyperliquid rival, Aster.
On Oct.15, Wynn introduced he was “again with a vengeance, coming to get what’s rightly mine.”
Shortly after depositing almost $200,000 of Hyperliquid, Wynn had opened positions together with 40x cross-margin Bitcoin longs valued at $3.8 million. Different bets embody lengthy ETH and PEPE contract with cross-margin leverage of 25x and 10x respectively.
On the time of writing, all three are in purple, however there may be nonetheless ample room for the market to drop additional earlier than they’re liquidated.
The submit Excessive-Stakes Leverage Dealer Who Made and Misplaced $100M Is Again and He’s Lengthy on These 3 Cryptos appeared first on ccn.com.
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