{"id":1014,"date":"2025-05-27T09:14:52","date_gmt":"2025-05-27T09:14:52","guid":{"rendered":"https:\/\/bitunikey.com\/news\/trader-nets-5-6m-in-3-days-by-betting-against-james-wynn-positions\/"},"modified":"2025-05-27T09:14:53","modified_gmt":"2025-05-27T09:14:53","slug":"trader-nets-5-6m-in-3-days-by-betting-against-james-wynn-positions","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/trader-nets-5-6m-in-3-days-by-betting-against-james-wynn-positions\/","title":{"rendered":"Trader nets $5.6M in 3 days by betting against James Wynn positions"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">A trader made $5.6 million in three days by betting against James Wynn\u2019s every move \u2014 a calculated counterplay or Wynn quietly hedging through a shadow wallet?<\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/lookonchain\/status\/1927212551009398999\" target=\"_blank\">Lookonchain<\/a>, 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\u2019s positions \u2014 shorting when Wynn went long, and longing when Wynn shorted.<\/p>\n<p>On May 24, 0x2258 began shorting both Bitcoin (BTC) 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. <\/p>\n<p>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.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">What a smart trader!<\/p>\n<p>When <a href=\"https:\/\/twitter.com\/JamesWynnReal?ref_src=twsrc%5Etfw\">@JamesWynnReal<\/a> goes long, he goes short. <br \/>When James Wynn goes short, he goes long. <br \/>And in just 3 days, he&#39;s made $5.6M!<\/p>\n<p>How did he do it?\ud83d\udc47<\/p>\n<p>On May 24, trader 0x2258 started shorting <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> and <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>, when James Wynn was long <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>.<\/p>\n<p>On May 25, when\u2026 <a href=\"https:\/\/t.co\/dj8GourfWW\">pic.twitter.com\/dj8GourfWW<\/a><\/p>\n<p>&mdash; Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1927212551009398999?ref_src=twsrc%5Etfw\">May 27, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>0x2258\u2019s trading behavior has sparked speculation on X that the wallet could somehow be linked to Wynn himself. One user said \u201cIf it smells like fish, tastes like fish, and swims like fish, it\u2019s probably a fish,\u201d sharing a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/VXN_618\/status\/1927239005852078095\/photo\/1\" target=\"_blank\">screenshot<\/a> of 0x2258\u2019s account performance to highlight how precisely its gains mirror the losses or position changes of Wynn\u2019s public trades. <\/p>\n<p>Several users suggested Wynn might be hedging through a second wallet. One user <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/apedintocrypto\/status\/1927259985244729673\" target=\"_blank\">said<\/a>, \u201cHedging his own trades? Or Johnny used him as a countertrade signal\u2014which he was, by the way.\u201d Another user <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/PrashantNandTi1\/status\/1927246485600530569\" target=\"_blank\">wrote<\/a>:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c\u2026 No sane person keeps losing millions every day. He likely kept his positions hedged there or elsewhere. What he was really after was attention and engagement\u2014and big money draws attention.\u201d <\/p>\n<\/blockquote>\n<p>He went on to suggest that Wynn may have intentionally positioned his trades to trigger liquidations in others near his own risk levels, using deep capital to manipulate the market in his favor while misleading everyone watching.<\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14383304\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/PrashantNandTi1\/status\/1927246485600530569\" target=\"_blank\">@PrashantNandTi1<\/a><\/figcaption><\/figure>\n<p>Wynn denied his association with 0x2258 wallet, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/JamesWynnReal\/status\/1927213712168845631\" target=\"_blank\">responding<\/a> to the Lookonchain post even before the wider thread discussion unfolded, stating: <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cNot happy with this post at all. Whoever trader 0x2258 is, it is not me and I have no clue who it is. I only trade on one HL account and that\u2019s public. Don\u2019t start spreading fake news with zero proof.\u201d <\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A trader made $5.6 million in three days by betting against James Wynn\u2019s every move \u2014 a calculated counterplay or Wynn quietly hedging through a shadow wallet? According to Lookonchain,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1014"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1014\/revisions"}],"predecessor-version":[{"id":1016,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1014\/revisions\/1016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1015"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}