Whale Wallet Sparks Speculation on Hyperliquid, James Wynn Denies Involvement
A newly created wallet on Hyperliquid has drawn attention after depositing 701K USDC and opening two aggressive long positions with 10x leverage:
258M $kPEPE (~$2.5M)
2.47M $WIF (~$2M)
The size and timing of the trades quickly fueled speculation that the wallet could belong to well-known trader James Wynn, prompting on-chain tracker Lookonchain to tag him directly.
Wynn swiftly denied the rumors, dismissing the trades as too small for his scale. “This isn’t me, I don’t trade with nickels and dimes. 8-figure+ positions only,” he wrote, emphasizing that the highlighted wallet does not represent his active strategy.
He clarified that the account often broadcast in public circles is his old wallet, now used mainly to collect referral fees and place random high-leverage trades without serious planning.
The exchange highlights Wynn’s reputation for much larger positions. With Hyperliquid gaining traction among top traders, speculation over whale activity underscores the growing power of on-chain transparency — where every move is scrutinized, debated, and magnified.
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