Massive Player in Cryptocurrency Market, Wynn, Bids Farewell Following Profitable $25M Win from a $1.25B Bitcoin Gamble
Crypto trader James Wynn, renowned as the "10U God of War," has profited $25 million from his high-stakes Bitcoin trade, marking an exit from his record-breaking $1.25 billion long position.
The colossal bet, featuring 40x leverage on Hyperliquid, was placed with the expectation of Bitcoin hitting $121,000 this week. At one point, Wynn's trade showed a potential profit of $87 million, but volatile market conditions and macroeconomic headwinds, including renewed tariff threats against the European Union by US President Donald Trump, hindered bullish momentum. Consequently, Bitcoin fell short of Wynn's target, trading around $108,000, causing him to reassess his strategy.
"Time to leave the casino with my $25,000,000 profit," Wynn announced on X, reflecting on his successful run. Tracking platform Lookonchain reported that Wynn liquidated all 11,588 Bitcoin long contracts, ending up with a net profit of $25.2 million, after withdrawing 28 million USDC from Hyperliquid.
After predictions of a Bitcoin surge to $121,000, as reported by our site, Wynn abruptly changed his stance, launching a $1 billion short position with 40x leverage, with the potential to lose nearly $50 million. Meanwhile, questions have been raised about the motives behind Wynn's high-profile moves, with some suggesting a 'clout-farming' agenda.
However, according to Lookonchain, Wynn has since exited his short positions, incurring a loss of almost $16 million. This setback has not deterred Wynn, who has since opened a $9.9 million long position on kPEPE with 10x leverage, already yielding more than $130,000 in unrealized profit.
It was with PEPE that Wynn bolstered his reputation in the crypto community, predicting, in 2023, that the meme coin, with a market cap of just $4.2 million at the time, would surge 1,000 times to $4.2 billion. Cashing out a $50 million profit by late 2024, Wynn moved his focus to Bitcoin.
Wynn's aggressive trades on Hyperliquid, totalling 38 in over 75 days, and boasting a 45% win rate, have resulting in profits exceeding $40 million, according to Lookonchain.
While Wynn is a proponent of high-risk, high-reward strategies, he has experienced significant losses over his trading career. For instance, a market downturn triggered by former President Donald Trump’s tariff announcement in 2021 resulted in a loss of over $29 million in a single day. Moreover, Wynn’s highly leveraged positions often expose him to liquidation risks.
- Crypto trader James Wynn, known as the "10U God of War," reaped $25 million from his high-stakes Bitcoin trade, demonstrating the potential profitability of investing in cryptocurrency using blockchain technology.
- Despite initially predicting a Bitcoin surge to $121,000 and pursuing a $1 billion short position after, Wynn has now shifted his focus to kPEPE following a setback of almost $16 million from his short positions.
- Known for his high-risk, high-reward strategies, crypto trader James Wynn has profited over $40 million in total, making significant gains from his aggressive trades on technology platform Hyperliquid. However, he has also experienced substantial losses in the past, such as over $29 million in a single day due to a market downturn triggered by former President Donald Trump’s tariff announcement in 2021.
