The well-known high-leverage trader James Wynn has recently attracted attention once again.
He opened a 40x BTC long position on Hyperliquid, with a position size reaching $568 million. Within two months, the cumulative profit has reached $38.78 million, of which $26.04 million is still unrealized gains.
James Wynn is known for his extremely high leverage, high-frequency trading, and promotion style. He once turned a $7,000 principal into a $25 million profit, rising to fame during the early surge of PEPE. He prefers meme coins and altcoins, with the top three historical profitable contract trading targets being TRUMP, FARTCOIN, and PEPE.
Although recent operations on BTC show his 'knowledge and practice are one,' insisting that 'Bitcoin at $100,000 is cheap,' he has also faced controversy for frequently hyping and selling at high positions. For example, in April 2024, promoting ELON coin attracted many retail investors and KOLs, but he quietly sold off, causing ELON to plummet 70% in a short time, resulting in heavy losses for those who followed his lead.
Summary: James Wynn has gained fame for his aggressive operations and explosive returns, but his 'pump-and-dump' model also deserves the attention of investors.
James Wynn and the wealth code of PEPE coin: Is it coincidence or strategy behind it?
James Wynn is a well-known trader famous for high-leverage trading in contracts, and his 'get-rich myth' with PEPE coin seems to have been set in motion long ago. According to a PANews investigation, his trading actions are far more complex and sophisticated than what the public perceives.
PEPE was launched on April 14, 2023, and James Wynn's X (formerly Twitter) account was registered almost simultaneously. His first post was promoting PEPE. Within just one day of its launch, he rapidly purchased approximately 42 trillion PEPE through multiple addresses, with a cost of only 3.5 ETH, accounting for about 1% of the total supply. Subsequently, on April 16, he posted 24 tweets in one day to promote it, attracting market attention.
Starting from April 17, James Wynn began to gradually offload and transfer PEPE to multiple intermediary addresses, eventually consolidating to the main wallet jwynn.eth and transferring some assets to exchanges. According to on-chain analysis, he once operated through as many as 26 layers of wallets, far more than the previously recognized 3 addresses.
Data shows that James Wynn earned approximately $25.33 million through PEPE coin. He has deposited a total of 1771 ETH, 168,900 USDC, and about $3.94 million worth of PEPE across multiple exchanges, with current on-chain assets still amounting to about $15.38 million.
His early wallet transaction records show that he primarily engaged in small transactions for a long time, but suddenly became 'aggressive' with PEPE, and most of the wallets were created only after this transaction. His precise operations and complex layouts have led to speculation about whether he had prior insider information. James Wynn's enormous profits from PEPE are not merely luck but resemble a well-thought-out 'scripted game.' He hides his tracks with multiple addresses, creates hype with high-frequency promotions, and then takes advantage of the situation to sell off in batches, successfully cashing out.
This case also reminds ordinary investors: behind the surface meme myth often lies a carefully designed on-chain layout.
That's all for this article! If you are confused in the crypto space, consider planning and harvesting with me!
