James Wynn, a well-known crypto trader who previously lost hundreds of millions on the Hyperliquid platform, is back in the game – and once again risking it all. After mysteriously disappearing from social platform X last Sunday, Wynn has returned with a new strategy, this time focusing on the memecoin PEPE and stablecoin USDC.
Bonus-Powered Comeback
According to analytics platform Lookonchain, Wynn received a referral bonus of $6,792.53 USDC, which he immediately used to open a new 10x leveraged long position on PEPE via the decentralized derivatives exchange Hyperliquid. On-chain data shows he invested nearly his entire portfolio – worth $11,840.99 – into perpetual futures contracts. His spot holdings were a mere $3.46.
Big Bets on PEPE
Wynn placed five large positions on KPEPE-USD ranging from 18,153 to over 6 million tokens within just 95 minutes. Entry prices varied between $0.011999 and $0.012015. The trade sizes ranged from a few hundred to over $72,000.
A later update from Lookonchain revealed Wynn’s portfolio had grown to $12,011.35, with his PEPE position reaching 851,765 tokens. At that point, he held an unrealized profit of $1,708 – but also faced a steep risk with a funding rate of -7.22% and a liquidation price at $0.00001137.
Currently, PEPE is trading around $0.00001213, down 3.7% over the past 24 hours and dangerously close to Wynn’s liquidation threshold.
History of Massive Losses Didn’t Deter Him
James Wynn rose to infamy in May 2025 after losing $100 million in long BTC positions when Bitcoin dropped below $105,000. At the time, he admitted on X that he didn’t practice risk management and considered himself more of a gambler than a professional. In a now-deleted post, he said:
“Basically I’m gambling and risking it all. I strongly advise people not to do what I do.”
He later doubled down with another $100 million Bitcoin long, accusing market makers of deliberately liquidating his positions. Wynn even appealed to the crypto community for donations to keep his trades alive – and received support from at least 24 addresses. Soon after, he announced liquidating 240 BTC (worth ~$25 million) to sustain his remaining positions.
Comeback Amid Market Red Sea
Wynn’s return coincides with a broader market pullback. After reaching a new all-time high of $122,000, Bitcoin dropped 4.3% to around $117,060. Despite maintaining an 8% weekly gain, the retracement pushed most top 10 assets into the red.
Overall crypto market capitalization dropped 3.33% to $3.68 trillion, while trading volume surged 31% to $257 billion. In just the past 24 hours, $501 million in positions were liquidated – $389 million of which were long positions.
Bitcoin led the liquidation charts with $181 million in wiped-out positions, including $142 million in longs and $39 million in shorts.
#JamesWynn , #USDC , #PEPE , #CryptoInvesting , #CryptoCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“