Cryptocurrency trader James Wynn took his Hyperliquid Bitcoin to $1.25 billion using 40x leverage, but suffered a $29 million drop after Trump's tariff shock.
The well-known Hyperliquid trader, James Wynn, increased his 40x leverage on long bets in Bitcoin to $1.25 billion after closing his position in $PEPE with a profit of $25.2 million.
On May 24, Lookonchain reported that Wynn entered a position of 11,588 BTC with an average entry price of $108,243 and a liquidation level of $105,180.
The change occurred hours after Wynn exited his longs in Ether
and $SUI
with a loss of $5.3 million. At the time, he used the profits to double the bet on Bitcoin, increasing his position to 11,070 BTC.
Wynn initiated his long position in Bitcoin with $830 million on May 21, reducing $400 million in profits on the same day. On May 22, he increased the position to $1.1 billion, maintaining high leverage as BTC surpassed $110,000 and gained $39 million on paper. Subsequently, he sold 540 BTC for $60 million, securing a profit of $1.5 million.
Wynn suffers losses after Trump's tariff threat
Wynn was affected after a sharp market drop triggered by former President Donald Trump's announcement of a 50% tariff on all imports from the European Union.
The news, released on May 23, caused Bitcoin to plummet below $107,000 and canceled gains in both traditional and cryptocurrency markets. Ether also fell to $2,504, while memecoins were even more affected.
Data from HypurrScan shows that Wynn incurred over $29 million in losses in just the last day. However, he still accumulates a gain of over $57 million across all trades and $46 million just in the last month.
High-risk cryptocurrency trader
Wynn is a high-risk cryptocurrency trader who describes himself as a high-risk leverage trader and a maxi-trader of memecoins. He also claims to have bought Pepe with leverage when its market value was at $600,000.
The crypto whale started using Hyperliquid two months ago, depositing $4.65 million in USDC stablecoin.
USDC R$ 5.66 on the platform, data from Hypurrscan shows.
Hyperliquid's DEX is the main layer 1 product of the Hyperliquid blockchain, which also offers spot trading and lending and collateral services, among other things.
Notably, Wynn's aggressive leverage amplifies his exposure to volatility. With Bitcoin trading near $109,000, any sharp decline could threaten his position.
