James Wynn opened another 40X leveraged position on BTC, just hours after closing with a $100M loss

The risky trader James Wynn returned, seemingly unfazed by his $100M loss of a BTC leveraged position. Wynn announced he is back with another 40X long on BTC. 

James Wynn is back with another leveraged position on Hyperliquid, just hours after closing all previous long positions and absorbing the losses. Wynn renewed his attempt to break into a $1B earnings from leveraged trading, a stunt that would boost both his personal profile and the influence of Hyperliquid. 

After high-stakes trading, which was seen as a deliberate attempt to liquidate Wynn’s position, he initially gave signs of capitulating. Wynn round-tripped his initial 40X leveraged position, up to $82M in unrealized profit and down to $100M loss. 

Wynn’s moves are extremely risky, but he has made multiple previous attempts at trading. Currently, Wynn’s positions spark counter-trading, as well as potential attempts to sway the price of BTC and liquidate the position. 

Just these for now

Hoping BTC pulls lower but i don’t see it pic.twitter.com/wd9751v27t

— James Wynn 🐳 (@JamesWynnReal) May 30, 2025

Wynn’s positions aim to make up the loss in one trade and depend on a dramatic move by BTC. Currently, the open positions on BTC and kPEPE are in the green, with a liquidation price of $102,630 for BTC. 

James Wynn took the new position as BTC traded around $105,581, preparing for the monthly close. BTC is up 11.66% for the month to date, performing similarly to May 2024 with 11.06% gains. However, last-minute shifts may threaten Wynn’s positions and lead to partial closing or an outright liquidation.

The crypto community is either rooting for Wynn to perform his feat of winning the perpetual DEX casino or to see his position liquidated. Despite the outcome, Wynn has turned into a factor for BTC sentiment. Wynn’s position added to the $6.9B in open interest on Hyperliquid, which became the 13th largest derivative exchange. The risky trades keep boosting the exposure for the perpetual DEX, which aims for a top spot next to some of the largest centralized markets.

James Wynn continues building a reputation of reckless trading

Wynn continued building his reputation as the most reckless trader, once again with the potential to sway the BTC market. Wynn’s position appeared at a time when BTC was still choosing direction, with most traders showing a bullish sentiment. 

The new liquidation price raises the matter of another ‘whale hunt’ and attempts to crash BTC to the liquidation position. Despite this, Wynn is again not shy about his public position, which is immediately advertised on social media. 

Wynn’s actions themselves are becoming a sentiment signal for the crypto market. The risky trades aim to match the overall sentiment and are sometimes extremely successful. At other times, Wynn has allowed the positions to be liquidated or has deliberately closed them. 

Wynn switches to meme tokens

Following the $100M loss, Wynn did not skip a beat, but continued to shill his latest meme token, MoonPig. 

Within hours, MOONPIG tripled its price from $0.01 to $0.03. The Moonpig token only promoted itself with an idle game, awarding tokens to its leaderboard. However, Wynn’s effect on the price is another testament to the trader’s influence. 

Wynn has minimal meme token holdings on Hyperliquid, recently also showing interest in PURR, FARM, VAPOR, and BUDDY. 

The trader’s moves helped boost HYPE, the native token of Hyperliquid. HYPE recovered to $32.62, still close to its all-time high above $39. 

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