Recently Discussed Hyperliquid Whale James Wynn Creates Billions in Trading Volume
In just a few days, James Wynn, the Hyperliquid whale, has generated billions in trading volume. His every move has become the center of attention, with statistics showing that over the past 75 days, his win rate reached 45%, netting over $25 million. However, the high-leverage gambling behind the large capital chain has been questioned as mere speculation. Before the deadline, he leveraged 40 times to go long on Bitcoin, and the future market looks promising.
High-Leverage Whale James Wynn Rises with PEPE
According to on-chain data, on May 22, James Wynn’s 40x BTC long position was valued at up to $1.127 billion. During this period, he went through several rounds of reducing and increasing his positions, ultimately closing his BTC long position completely on the 25th. He also attempted to go long on SUI and ETH, but ended with losses.
James Wynn is known for his high leverage, which contrasts with the more conservative trading strategies of other whales. His standout achievement is undoubtedly the 2023 speculation on PEPE, as he described himself as coming from a poor town in the UK, but PEPE changed his fortunes. However, he later faced damage to his reputation after promoting tokens like ELON.
Announced Return Just 2 Hours After Leaving the Scene
After closing his BTC long position, he opened a 40x short position on Bitcoin, gradually increasing it until it reached $1 billion. On the morning of the 26th, he closed this position, incurring a loss of approximately $15.86 million.
On the morning of the 26th, he suddenly tweeted announcing his exit from the scene. To all his supporters and critics:
“We had a great time gambling on perpetual contracts. At the peak, the account profited $87 million from around $3 million to $4 million in funds. I have now decided to leave the casino with my $25 million profit. This time has been fun, but now is the time for me to leave as a winner.”
However, just two hours later, he posted: “Back in the trenches, continuing the fight for a worthy cause. Pigs against the conspiracy group.” He then promoted $MOONPIG again.
On-Chain Contract Trading Only for Advertising?
In this regard, another trader, Eugene, stated on his channel: “I find it interesting that James Wynn is willing to showcase such large positions in public. Based on experience, this is almost a bad idea; the negative external effects often outweigh the positive benefits. It will be interesting to observe how he manages the crazy position sizes of 10-20x leverage in the long run.”
There is speculation that James Wynn may have sold his account, with the nature of trading on Hyperliquid being largely promotional, possibly aimed at calling out meme coins. There could also be hedging happening on centralized exchanges behind the scenes.
On-chain data shows that James Wynn withdrew $28 million in $USDC from Hyperliquid, taking away $25.2 million in profit. In the past 75 days, he executed 38 trades on Hyperliquid, with 17 of them being profitable, resulting in a win rate of 45%. He paid approximately $2.31 million in fees to Hyperliquid.
On the morning of the 26th, Taiwan time, he again went long on PEPE with 10x leverage, increasing the position size to around $20 million. Some media outlets reported, “Influenced by James’s long position, PEPE briefly rose by 3%.” In the afternoon of the 26th, he went long on Bitcoin again with 40x leverage, gradually increasing the position size to $75.34 million.
Risk Warning
Cryptocurrency investment carries a high level of risk, and its prices can be highly volatile; you may lose all your principal. Please assess the risks carefully.