By wagering against James Wynn, this trader made $17 million in under a week
A crypto trader has actually silently earned over $17 million by consistently betting against one of Hyperliquid’s most-watched figures, James Wynn, whose high-risk strategy backfired with almost $100 million losses. On May 30, blockchain analysis platform Lookonchain reported that a trader using the wallet address 0x2258 has been tracking Wynn’s activity and executing reverse trades. This post By betting against James Wynn, this trader made $17 million in under a week appeared first on CryptoSlate.
A crypto trader has actually quietly made over $17 million by consistently betting against one of Hyperliquid’s most-watched figures, James Wynn, whose high-risk strategy backfired with almost $100 million losses. Wynn’s losses On the other hand, Wynn saw his fortunes collapse after a massive liquidation triggered by Bitcoin’s drop to nearly $105,000. As of press time, Wynn has reopened a $47 million long on Bitcoin and a $8.4 million PEPE long, both using 10x leverage.
A crypto trader has silently made over $17 million by consistently wagering against one of Hyperliquid’s most-watched figures, James Wynn, whose high-risk strategy backfired with nearly $100 million losses. By May 25, after Wynn closed his long position, 0x2258 exited his shorts with a $1.36 million profit. When Wynn closed his short the next day, 0x2258 left his long positions with an additional $2.54 million in gains. Wynn’s losses On the other hand, Wynn saw his fortunes collapse after a massive liquidation triggered by Bitcoin’s drop to almost $105,000. As of press time, Wynn has resumed a $47 million long on Bitcoin and a $8.4 million PEPE long, both utilizing 10x leverage.
