James Wynn, the famous trader on the crypto platform Hyperliquid, raised his bet on a leveraged Bitcoin purchase of 1.25 billion dollars at 40 times leverage after closing a PEPE trade with a profit of 25.2 million dollars.

Leverage is a tool that allows traders to control a large amount of assets (such as Bitcoin) using a relatively small amount of their own capital. Imagine putting in 1 dollar of your own money and using leverage to control what is worth 40 dollars of Bitcoin.

Leverage gives traders the potential to significantly amplify profits if the market moves in favor of the trader's bet. At the same time, it can greatly amplify losses if the market moves against them, which can lead to the liquidation of your position and the loss of all your money quickly.

On May 24, Lookonchain reported that Wynn entered a purchase trade of 11,588 Bitcoins, with an average entry price of 108,243 dollars and a liquidation level of 105,180 dollars.

Wynn raised his bet on a leveraged Bitcoin purchase of 1.25 billion dollars at 40 times leverage. This means he is betting on the price of Bitcoin increasing using a huge amount of leverage.

Before increasing his bet on Bitcoin, Wynn made a profit of 25.2 million dollars from a trade on PEPE coin.

Wynn is known for his intensive use of leverage and is described as someone who strongly believes in meme coins, claiming that he successfully predicted the PEPE coin when its market value was very low.