Wynn’s leveraged BTC long position reached as large as $1.2 billion before he was forced to unwind some positions amid mounting losses.
A pseudonymous trader named James Wynn has been in the spotlight over the last week after publicly sharing his billion-dollar trading positions and liquidation levels, as well as huge gains and losses.
Wynn made headlines for his massive $1.2 billion long position in Bitcoin last week, which briefly took his account to an all-time high of $87 million in profit. However, after a series of losing trades, Wynn is now down $47 million over the last week.
Wynn has been the center of attention since his run began, and now traders are seemingly hunting his stop losses and liquidation levels for sport.
Blockchain analyst Lookonchain reported, “James Wynn got brutally hunted twice today, causing him to lose ~$14.3M! Right after he closed part of his $BTC long at a loss, the price bounced.”
Since Wynn trades on the decentralized perpetuals exchange Hyperliquid, his trade data is public and verifiable, but Wynn has been going one step further to attract attention, regularly posting about his positioning on X.
At one point, Wynn even tried to give up his hypergambling style of trading, saying, “Now decided to leave the casino with my $25,000,000 profit. It’s been fun, but now it’s time for me to walk away a wynner.”
However, Wynn was spotted in the order books just five hours later with a 10x leveraged long position on PEPE worth $20 million.
According to Hypurrscan, Wynn is currently long over half a billion dollars worth of Bitcoin.
One of the trader’s first major wins was PEPE, when he purchased more than $180,000 worth of the token using multiple wallets at a market capitalization of under $600,000 when it was released in 2023. Wynn sold the majority of his position, netting a $39 million profit.
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