{"id":1708,"date":"2025-06-02T11:38:34","date_gmt":"2025-06-02T11:38:34","guid":{"rendered":"https:\/\/bitunikey.com\/news\/james-wynn-offloads-4-12m-hype-and-takes-another-100m-40x-leveraged-long-bet-on-bitcoin\/"},"modified":"2025-06-02T11:38:34","modified_gmt":"2025-06-02T11:38:34","slug":"james-wynn-offloads-4-12m-hype-and-takes-another-100m-40x-leveraged-long-bet-on-bitcoin","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/james-wynn-offloads-4-12m-hype-and-takes-another-100m-40x-leveraged-long-bet-on-bitcoin\/","title":{"rendered":"James Wynn offloads $4.12M HYPE and takes another $100M 40x-leveraged long bet on Bitcoin"},"content":{"rendered":"
\n

Despite almost $100M loss last week, James Wynn is back in the game, having recently sold $4.12M worth of HYPE for over $1M profit and then opened a new 945 BTC long position with 40x leverage.<\/p>\n

According to Lookonchain<\/a>, James Wynn recently unstaked 126,116 Hyperliquid (HYPE) \u2014 worth around $4.12M \u2014and sold all of them at $32.7. Wynn originally bought these HYPE tokens on May 9 and May 12 at an average price of $24.4, which marks his profit at around $1.05M. However, this pales in comparison to the $99 million Wynn lost over the past week.<\/p>\n

According to on-chain analytics platform Spot On Chain, the journey that resulted in almost $100 million loss began<\/a> with Wynn building a series of highly leveraged positions that initially performed well. <\/p>\n

Between March 20 and May 23, he accumulated a total profit of $83 million through a series of high-leverage trades, including a 10x long on (Pepe) PEPE with $23.8 million in unrealized gains, a 10x long on Trump (TRUMP) with $6.83 million realized, and a 5x long on Fartcoin (FARTCOIN) with $4.48 million realized. On May 22, his largest position\u2014a $1.14 billion long on Bitcoin (BTC)\u2014was up $39 million.<\/p>\n

On May 24, Wynn doubled down on his BTC long, raising the position to $1.25 billion. Within hours, that trade was down $13.4 million. The next day, May 25, he reversed to a $1 billion BTC short, which resulted in a $15.87 million loss over 15 hours. <\/p>\n

On May 30, as BTC dropped below $105K, Wynn was liquidated for 949 BTC, worth approximately $99.3 million at the time. After factoring in all positions and liquidations, Wynn\u2019s net performance flipped from +$83 million to approximately -$12 million within seven days.<\/p>\n

Source: @spotonchain<\/a><\/figcaption><\/figure>\n

<\/p>\n

Undeterred by these losses, Wynn is back in the game, having just opened<\/a> another long BTC position of 945 $BTC<\/a> ($99.7M) with 40x leverage. With the initial margin at $2,177,955.53, his initial liquidation price was $104,577. However, he recently deposited another $400,000 as margin, with the new liquidation price is $104,151\u2014 less than 1% away from the current price.<\/p>\n

Following this bet, Wynn urge<\/a>d his X followers to support him by buying Bitcoin. Apparently, Wynn believes that he \u2014 along with other retail traders holding highly leveraged longs on the Hyperliquid platform \u2014 are being hunted by crypto whales who are trying to liquidate them.<\/p>\n

\n

\u201cThe moment I entered my long the insta hunted me. There is an agenda here and I don\u2019t know what it is. It can\u2019t be just my long, maybe it\u2019s because I\u2019m a fish playing a whales game or maybe it\u2019s because I\u2019m bringing attention to Hyper Liquid,\u201d he wrote<\/a>.<\/p>\n<\/blockquote>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Despite almost $100M loss last week, James Wynn is back in the game, having recently sold $4.12M worth of HYPE for over $1M profit and then opened a new 945…<\/p>\n","protected":false},"author":1,"featured_media":1709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1708","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\/1708","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=1708"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1708\/revisions"}],"predecessor-version":[{"id":1710,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1708\/revisions\/1710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1709"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}