Anonymous trader James Wynn, who became known after opening the largest on-chain positions in history on the Hyperliquid platform, reported completing a series of trades with a net profit of $25 million.
According to him, he started with $3-4 million, and at the peak, the unrealized profit reached $87 million. 'I decided to leave the casino as a winner,' he wrote on social media X.
Last week, he closed a long position in Bitcoin worth $1.2 billion with a loss of $17.5 million, after which he opened a short position with 40x leverage. This trade also ended in the red, with a loss of over $15.5 million.
Both positions became the largest in the history of on-chain trading, with nearly $1.8 million paid in funding and commissions.
The trader is now active again; at the time of publication, he has a long position in Bitcoin with 40x leverage and an entry point of $109,699, as well as a long position in the meme coin PEPE with 10x leverage at a price of $0.0141. At one point, the position in PEPE showed a floating profit of $500,000.
The trader's deals turned into a whole show, his positions trended on social media X, and influencers and traders followed every move.
It remains unknown who is behind this pseudonym and whether the trading activity was part of Hyperliquid's own campaign.
In any case, the platform confirmed its ability to handle trades of such scale, and its token HYPE reached a new price peak against this background.