Notable Hyperliquid trader James Wynn increased his Bitcoin investment to $12.5 billion after closing his $PEPE position with a profit of $25.2 million.
On May 24, Lookonchain reported that Wynn entered a position of 11,588 BTC at an average price of $108,243, with a liquidation price of $105,180.
Prior to this, Wynn exited his Ethereum (ETH) and Sui (SUI) long positions with a loss of $5.3 million and used those funds to increase his Bitcoin (BTC) position to 11,070 BTC.
Starting from May 21, Wynn built a Bitcoin long position of $830 million, making a profit of $400 million that day. On May 22, he increased his position to $1.1 billion when Bitcoin surpassed $110,000, showing a paper profit of $39 million. However, he later sold 540 BTC for a profit of $600,000.
Wynn suffered losses after Trump's tariff threats.
After Trump announced a 50% tariff on all imports from the EU, the market plummeted, and Wynn faced a loss of $29 million.
News on May 23 caused Bitcoin to drop below $107,000, severely impacting both traditional and crypto markets, with Ethereum falling to $2,504 and meme coins being hit harder.
HypurrScan data shows that Wynn lost over $29 million that day, but his total trading still profited over $57 million, with a profit of $46 million last month.
High-risk crypto trader
Wynn describes himself as a high-risk leveraged trader and meme coin enthusiast. Two months ago, he started using the Hyperliquid platform, depositing $4.65 million worth of USDC stablecoin.
Hyperliquid's DEX is the flagship product of its Layer 1 blockchain, which also offers spot trading and lending services.
Wynn's high leverage exacerbates volatility risk, with the current Bitcoin price close to $109,000; any decline could threaten his position.
