James Wynn, the infamous high-leverage crypto dealer who misplaced a staggering $100 million earlier this yr after betting $1 billion on Bitcoin (BTC) longs, is again within the highlight. After weeks of silence following his steep buying and selling losses, on-chain knowledge now reveals Wynn has returned to buying and selling once more—this time inserting dangerous bets on PEPE and BTC.
Overleveraged Bitcoin Dealer Hits Again With 10x PEPE Guess
After vanishing from social media earlier in 2025 and experiencing one of the vital dramatic crypto buying and selling collapses, Wynn is making a comeback, and this time, he’s betting huge on a unstable meme coin, PEPE. The infamous Bitcoin dealer has reportedly resumed buying and selling the perpetual model of PEPE with contemporary leveraged publicity on the decentralized derivatives platform Hyperliquid.
In keeping with blockchain analytics platform Lookonchain, Wynn returned to the market by the identical crypto pockets handle tied to his earlier trades. On-chain knowledge reveals that his newest place entails a 10x lengthy on kPEPE, funded virtually completely by his lately claimed referral reward of 6,792.53 USDC—a placing distinction to the billion-dollar positions he beforehand commanded.
Up to date info from HyperDash reveals that the dealer opened a protracted place of roughly $89,000 on kPEPE. The place is working at 10x leverage, that means the precise capital backing it’s round $8,800, whereas the publicity exceeds $89,000. Notably, Wynn had purchased over 6.8 million kPEPE, betting completely on the token’s upside. At this leverage degree, only a 10% drop in PEPE’s value might completely wipe out the margin used to again this commerce, making this an especially high-risk transfer.
Curiously, Wynn’s comeback follows his public fallout in Could 2025, when his large $1 billion leveraged BTC longs have been liquidated throughout a value dip beneath $105,000, leading to a staggering $100 million (949 BTC) loss. This incident caught the eye of the crypto neighborhood, sparking controversy and widespread discussions. Now the Bitcoin dealer is going through renewed scrutiny from varied crypto neighborhood members, with some labeling him a degen dealer and others questioning his threat administration abilities.
Wynn Makes Daring 40X Guess On Bitcoin
Regardless of accruing large losses that pressured him offline, Wynn is making one other extraordinarily high-risk Bitcoin commerce, involving a $468,000 place and 40X leverage. In an earlier publish, Lookonchain reported that the dealer had deposited 468,000 USDC into Hyperliquid and opened a brand new leveraged lengthy on Bitcoin, with a liquidation value of $115,570.
Up to date knowledge from HyperDash revealed that Wynn has opened a $23.9 million lengthy place on Bitcoin with 40x leverage on Hyperliquid. The place measurement contains over 202 BTC, and the dealer is totally dedicated to the cryptocurrency’s potential upside motion.
At 40x leverage, solely 2.5% value motion in opposition to the commerce can be sufficient to set off a whole BTC liquidation, wiping out your entire margin backing Wynn’s place. This considerably high-risk technique leaves no room for error, particularly in a market as unstable as Bitcoin.
Featured picture from Pixabay, chart from Tradingview.com
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