A trader made $5.6 million in three days by betting against James Wynn’s every move — a calculated counterplay or Wynn quietly hedging through a shadow wallet?
According to Lookonchain, a trader identified by the wallet address 0x2258 has recently netted $5.6 million in just three days by taking the opposite side of James Wynn’s positions — shorting when Wynn went long, and longing when Wynn shorted.
On May 24, 0x2258 began shorting both Bitcoin $BTC
BTC-0.25%Bitcoin and Ethereum (ETH) just as Wynn opened a long position on BTC. The next day, when Wynn closed his BTC long, 0x2258 closed his short for a $1.36 million profit. Later on May 25, as Wynn flipped from long to short, opening a BTC short position, 0x2258 reversed his stance again and opened long positions in BTC and ETH.
On May 26, when Wynn exited his short position, the counter-trader closed his long, netting an additional $2.54 million. That same day, Wynn re-entered a long position on BTC, prompting 0x2258 to short BTC and ETH again, accumulating an unrealized profit of $1.7 million at the time of reporting by Lookonchain.
#WhaleJamesWynnWatch #crypto
