James Win raises his big bet on Bitcoin to 1.25 billion dollars after the profitable PEPE trade
The famous trader on the Hyperliquid platform, James Win, increased his bold investment in Bitcoin to 1.25 billion dollars using a massive leverage of 40 times, after achieving astonishing profits of 25.2 million dollars from a trade on the PEPE token!
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What is leverage?
Leverage is a powerful tool that allows you to control large amounts with less money. For example, by using 40x leverage, you can invest 1 dollar to control an asset worth 40 dollars.
But be careful, as much as it can amplify profits, it can also lead to catastrophic losses if the market moves against you ⚠️💸
On May 24, the Lookonchain platform revealed that Win entered a massive deal by purchasing 11,588 Bitcoin, with an average entry price of 108,243 dollars and a liquidation level at 105,180 dollars.
Prior to this, Win recorded amazing gains from PEPE that made him expand his Bitcoin bet. Those profits did not come by chance, as the man is known for his strong belief in meme coins and previously claimed that he predicted the success of PEPE when its market value was very low.
He started his journey on Hyperliquid just two months ago, after depositing 4.65 million dollars in stable USDC.
On May 21, he launched a Bitcoin deal worth 830 million dollars, achieving immediate profits of 400 million dollars. The next day, he raised his balance to 1.1 billion dollars, realizing theoretical profits of 39 million dollars after the Bitcoin price surpassed 110,000 dollars.
And it didn't stop there, as he sold 540 Bitcoin for 60 million dollars, yielding an additional profit of 1.5 million dollars.
James Win's journey in the crypto world is an example of calculated risk, but it is also a reminder that leverage is a double-edged sword.