High-risk crypto trader James Wynn, who made headlines for his aggressive leveraged trading strategies and accompanying losses, has turned a profit, earning over half a million dollars today. This marked his largest profit since May 25.
This marks a dramatic turnaround for Wynn, whose luck had run dry after watching all his previous gains wiped out by highly leveraged positions on Hyperliquid.
James Wynn’s Trading Rollercoaster Ends in Green—for Now
In June, BeInCrypto reported on Wynn’s substantial $100 million loss on Hyperliquid. Despite the blow, he continued making high-stakes bets.
This month, the blockchain analytics platform Lookonchain highlighted that Wynn transferred 27,522 USDC to Hyperliquid and collected a referral bonus of $3,960.84 on July 10. He then opened a high-risk 40x leveraged short position on Bitcoin.
Nonetheless, once again, betting against the market did not prove favorable for Wynn. In less than 12 hours, Wynn’s high-stakes short was fully liquidated, resulting in a fresh loss of $27,921.63. One day later, Wynn deactivated his X (formerly Twitter) account.
“James Wynn has deactivated his X account! What happened? Did he blow up completely? All his wallets and Hyperliquid balance combined are down to just $10,176,” Lookonchain posted.
However, the silence didn’t last long. On July 15, Wynn reemerged, claiming a referral reward of 6,792.53 USDC. This time, he went long on PEPE with 10x leverage.
Lookonchain then observed that the trader added around 468,000 USDC into Hyperliquid. He took another bold step, opening a 40x leveraged long position on Bitcoin. Despite facing partial liquidation, Wynn managed to profit by shifting strategies.
“He flipped from long to short on BTC and HYPE — pulling in $473.9K in profits,” the firm added.
Hyperdash data further revealed that he made $105,948 and $345,456, respectively, on July 18 and 19, from his short Bitcoin positions. Furthermore, yesterday, Wynn deposited an additional 536,573 USDC into Hyperliquid. He then opened two new leveraged positions: a 25x long on Ethereum and a 10x long on PEPE.
Today, he closed both trades, earning $33,386 from ETH and a staggering $521,313.86 from PEPE. The latter marks his most profitable single trade since his $18 million win on May 25.
Wynn still has two open leveraged positions. This includes a 10× long on DOGE, which is sitting on an unrealized gain of $374,095. Another 10× long on PEPE currently shows an unrealized gain of $30,759.
Since returning to the market on July 15, the trader has had a mixed performance, with seven profitable trades and eight net losses recorded. At the time of writing, his win rate stood at 36.6%.
While none of these gains are enough to reverse his losses, they still offer a glimmer of hope for the trader.
Meanwhile, Lookonchain also highlighted another trader, not for heavy losses, but for a series of well-timed strategic bets that earned him nearly $30 million in just seven days.
“Meet ‘The White Whale,’ a top trader on Hyperliquid with nearly $30 million profit in just one week! Over the past week alone, he used 4 wallets to long ETH and SOL—locking in nearly 30 million in gains and claiming the #1 spot on the leaderboard,” Lookonchain wrote.
Thus, the contrasting performances of James Wynn and the “White Whale” highlight the high-risk, high-reward nature of leveraged trading, where fortunes can be made or lost in a matter of hours.
The post High-Risk Trader James Wynn Bags First Half-Million Profit Since May appeared first on BeInCrypto.
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