Emre Yumlu 
James Wynn, one of the well-known names in the crypto markets, has increased his Bitcoin long position on the Hyperliquid platform to $1.25 billion. The high-risk trade, using 40x leverage, took a serious hit following U.S. President Donald Trump’s announcement of a 50% import tariff on the European Union.
From Pepe Profits to Bitcoin Focus
Before opening this massive position, Wynn liquidated his $PEPE holdings with a $25.2 million profit, reallocating the funds. According to on-chain analysis platform Lookonchain, Wynn entered a position of 11,588 BTC on May 24, with an average entry price of $108,243. The liquidation level was recorded as $105,180.
This move came just after Wynn closed his Ethereum and Sui positions at a $5.3 million loss. With the proceeds, he raised his Bitcoin long to 11,070 BTC.
Wynn had initially opened a long position worth $830 million on May 21. On the same day, he reduced the position by $400 million in profits. However, on May 22, he doubled down, increasing the position to $1.1 billion. As Bitcoin surpassed $110,000, he gained $39 million on paper. Later, he sold 540 BTC for $60 million, securing a realized profit of $1.5 million.
Trump’s Tariff Shock Hits the Markets
On May 23, Trump’s high-tariff announcement targeting EU imports led to a sharp selloff across both traditional and crypto markets. As a result, Bitcoin fell below $107,000, Ether dropped to $2,504, and memecoins experienced heavy losses.
According to data tracked by HypurrScan, Wynn recorded losses of over $29 million in a single day. Despite this, his all-time trading profit still exceeds $57 million, with a monthly gain around $46 million.
High Leverage Means High Risk
Wynn describes himself as a high-risk leverage trader and memecoin enthusiast. He’s notably remembered for calling $PEPE a buy when its market cap was just $600,000.
Actively using Hyperliquid for the past two months, Wynn reportedly deposited $4.65 million in USDC on the platform. Hyperliquid operates as a decentralized exchange (DEX) on its own Layer-1 blockchain, offering leverage trading, spot trading, and lending services.
However, Wynn’s aggressive leverage strategies leave him exposed to market volatility. With Bitcoin trading around $109,000, a sharp downturn could trigger liquidation.
This content does not constitute investment advice. The markets involve high risk and it is important that you do your own research before making any investment decisions.
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