BlockBeats reports that on May 12, trader James Wynn posted, "As predicted. Therefore, I have increased my BTC long position to $135 million. I firmly believe this is the bottom, and if not, we will buy more. A new all-time high (ATH) will come soon!"

BlockBeats previously reported that on May 9, trader James Wynn posted on social media stating, "Since I started trading on HyperLiquid this year, I have achieved a total profit of $41,696,589.75 (on-chain data). My next goal is $1 billion. Not for the money, but to 'leave a legacy.' It's unlikely I will achieve this goal this cycle unless I go all in on shorting the highs. I might be the only one with this kind of wealth who is willing to use 40x leverage to increase positions and invest huge amounts of money."