Crypto trader James Wynn has become famous for making over $46 million in just two months by trading on the decentralized exchange Hyperliquid.
He used high leverage (up to 40x) to bet on coins like Bitcoin$BTC (BTC), PEPE$PEPE , and TRUMP$TRUMP . His biggest win so far is a $23.8 million profit on PEPE. He's also made over $5 million on BTC and $5.5 million on TRUMP.
E
ven though his win rate is only 45%, his risk-taking strategy has paid off big. But it's important to note: this kind of trading is very risky. Many traders can get liquidated quickly if the market moves against them.
Due to such large trades, Hyperliquid has lowered leverage limits to protect its platform. For example, Bitcoin is now capped at 40x leverage, and Ethereum at 25x.
Wynn’s story shows both the big profits and big risks of leverage trading in crypto.
Wynn's success has sparked major discussion in the crypto world. Some see him as a bold trader using smart strategies, while others warn that his wins could easily turn into losses if the market shifts. His story is a clear example of how fast fortunes can be made—or lost—in crypto. For new traders, it’s a reminder: high leverage can lead to big profits, but also massive risks. Always trade carefully and know your limits.
Wynn’s trades have also put a spotlight on decentralized exchanges like Hyperliquid, which allow users to make big moves without going through traditional platforms. As more traders look for high-reward opportunities, platforms are now being forced to improve risk controls to handle extreme trades like Wynn’s. This could shape the future of leveraged trading and how these platforms manage safety for all users.
