The well-known hyperliquid dealer James Wynn has increased his 40-fold lever Long Bitcoin-Wet to $ 1.25 billion after making its position of $ 25.2 million for $ 25.2 million.
On May 24, Lookonchain reported that Wynn entered a position of 11,588 BTC with a median entry price of USD 108,243 and a liquidation level of USD 105,180.
The move got here hours after Wynn contested his ether (ETH) and SUI (SUI) to a lack of 5.3 million US dollars. At that point he used the procedure to double Bitcoin (BTC), which increased his position to 11,070 BTC.
Wynn began his Bitcoin Long position with 830 million US dollars on May 21 and made profits on the identical day. By May twenty second, he increased the position to 1.1 billion dollars and held a high lever when BTC crossed 110,000 US dollars on paper. Later he sold 540 BTC for $ 60 million and made a profit of 1.5 million US dollars.
James Wynns Bitcoin Long bet. Source: James Wynn
Wynn suffers losses after the specter of Trump tariff tariff
After a pointy market descendant, Wynn scored a success that was triggered by the announcement of former President Donald Trump with a 50% tariff to all imports of the European Union.
The news delivered on May 23 had Bitcoin stumbled below 107,000 US dollars and deleted the profits on each traditional and cryptoma markets. Ether also fell to 2,504 US dollars, while Memecoins were hit even harder.
Hypurrscan data shows that Wynn suffered greater than 29 million dollars of losses last day alone. However, it remains to be greater than $ 57 million available on the market and $ 46 million previously month alone.
High stakes crypto trader
Wynn is a crypto dealer with high commitment who describes himself as a lever dealer with high risk and Memecoin Maxi. He also claims to have called Pepe (Pepe) a purchase order when the market capitalization was 600,000 US dollars.
The crypto whale began to make use of hyperliquid two months ago, with the StableCoin USDC (USDC) value 4.65 million US dollars on the platform, as Hypurrscan data show.
The Hyperliquid Dex is the flagship product on the Hyperliquid Layer 1 blockchain, which also offers spot trade and credit and credit transfers.
In particular, Wynn's aggressive lever strengthens its volatility pollution. With Bitcoin trade near 109,000 US dollars, any sharp move down could endanger the position.
