Hyperliquid trader James Wynn profits $460 million in two months, betting on PEPE, TRUMP, and BTC

Renowned on-chain analytics platform Lookonchain revealed that James Wynn made over $460 million in profits in just two months by going long on PEPE, TRUMP, Fartcoin, and Bitcoin with 5x–40x high leverage on the decentralized exchange Hyperliquid.

His most profitable position was a 10x long on PEPE, with an unrealized profit of approximately $23.8 million; it also included a 40x long on BTC ($5.4 million), a 10x on TRUMP ($5.57 million), and a 5x on Fartcoin ($5.15 million).

Wynn currently ranks first on Hyperliquid, earning another $11.4 million in the past 24 hours. He publicly criticized the centralized exchange Bybit, claiming it manipulates token listings and rejected their monthly $1 million collaboration offer.

Despite the controversy surrounding the JELLY incident, Hyperliquid continues to grow, currently capturing 60% of the decentralized perpetual market share (according to DeFiLlama data).