$10,000 turned into $100 million, and then lost it all! The amazing man

James Wayne has been quite popular in the crypto world lately. He started with $10,000 and ended up accumulating a fortune in the tens of millions. It sounds quite unbelievable, but he really made it through trading.

He initially invested in an obscure coin called pepe, which had a market cap of only $600,000 at the time, and no one in the circle was interested. He felt it had potential and directly threw in $10,000. As the market picked up, he kept increasing his position, ultimately multiplying his investment by over 9,000 times, making a huge profit in just that wave.

His trading style is quite aggressive; unlike ordinary people who take it slow and diversify, he prefers to go all in, heavily leveraging his position. He is the type that goes for “either huge profits or total loss.” Before each trade, he studies charts, analyzes sentiment, and keeps an eye on social media trends. He often says the market is designed to deceive retail investors, so he goes against the crowd, betting on the big direction, and often gets it right.

Later, he also dabbled in wilder meme coins, like trump and fartcoin, which sound like joke coins, but he still made money. He really understands the stage where “retail investors are afraid to buy, and the whales haven’t arrived,” so he jumps in first to catch the initial wave.

He also has a feel for market cycles, often saying that the market always goes through a cycle of hope → madness → despair → hope. He also mentioned that June and July of 2025 might see a peak, followed by a bear market. His views used to be laughed at, but after getting it right a few times, people started to believe him.

However, he recently faced a setback. He opened a $1.25 billion long position on BTC, using 40x leverage—his courage is truly extraordinary. He was betting on a rise, but the market didn’t follow him and instead fell, resulting in a direct loss of $13.4 million.

After this loss, he didn’t stop and instead opened an $880 million short position to try to recover. But with the current market being unstable, this kind of operation is still quite risky. The results are not out yet, and everyone is watching to see if he can turn it around this time.

In fact, his style is high risk, high reward. Previously, he did make a lot of money based on his guts and insight, but without risk control, one mistake can wipe him out. Now, as the market becomes increasingly difficult to navigate, it's uncertain whether such aggressive strategies will still work.