From Cointelegraph

May 24, 2025 08:18 AM:

Well-known Hyperliquid trader James Wynn increases his Bitcoin long bet to $1.25 billion, after closing a $PEPE position for a $25.2 million profit. Wynn entered an 11,588 BTC position with an average entry price of $108,243. He suffered $5.3 million losses on his Ether and Sui longs but rebounded with Bitcoin gains.

Wynn faces losses after Trump announces 50% tariff on EU imports, causing market downturn. Bitcoin drops below $107,000, impacting traditional and crypto markets. Wynn records over $29 million in losses in a day, but remains up $57 million in all-time trading and $46 million in the past month.

High-stakes crypto trader Wynn describes himself as a high-risk leverage trader and memecoin maxi. He started using Hyperliquid two months ago, depositing $4.65 million worth of USDC. Wynn’s aggressive leverage amplifies his exposure to volatility, with Bitcoin trading near $109,000. Hyperliquid’s DEX is the flagship product on the Hyperliquid layer 1 blockchain.

Read more at Cointelegraph: Hyperliquid trader James Wynn goes ‘all-in’ on $1.25B Bitcoin Long