High-Stakes Trading: James Wynn Is Back
James Wynn, the crypto trader infamous for his ultra-high-risk bets, has returned to the spotlight. After a short disappearance from social media following massive losses, Wynn is once again making headlines—this time with a highly leveraged long position on Ethereum and a second massive bet on the memecoin PEPE.
$12.2M Long on Ethereum at 25x Leverage
According to HypurrScan, Wynn has opened a long position on ETH worth over $12.2 million with 25x leverage. His entry price? $3,726.28. Should ETH fall to $3,492.80, his position will be liquidated—highlighting just how tight the margin is at such high leverage.
$11.58M Bet on PEPE with 10x Leverage
Wynn didn’t stop at Ethereum. He’s also gone long on PEPE, specifically the kPEPE futures contract on the trading platform Hyperliquid. His position includes a staggering 812.16 million PEPE tokens, valued at roughly $11.58 million. The trade uses 10x leverage and will be liquidated if the price drops to $0.012998.
At the time of writing, Wynn's PEPE position is up by over $280,000 in unrealized profit. His ETH trade is currently up more than $100,000.
A Risky Comeback After Going Dark
Wynn made headlines earlier this month when he disappeared from X (formerly Twitter) after suffering massive trading losses. His account, @JamesWynnReal, was deactivated on July 13, with a final bio update that read simply: “broke.”
But he reappeared last week and wasted no time. In addition to his new ETH and PEPE positions, he opened a 40x long on Bitcoin worth over $19.5 million and another 10x long on PEPE, this time with a position size north of $100,000.
From 1.2 Billion Dollar Bet to Meme Status
Wynn originally rose to notoriety after reportedly wagering $1.2 billion on Bitcoin. Following a string of losses, he claimed he had been intentionally liquidated by whales and market makers.
Whether he’s a compulsive risk-taker or part of a marketing campaign by trading platform Hyperliquid, rumors about James Wynn have never ceased.
