Crypto Trader James Wynn: From Bitcoin Losses to Pepe Profits!

Crypto Trader James Wynn: From Bitcoin Losses to Pepe Profits!

Crypto trader James Wynn, known under the pseudonym “moonpig” on the trading platform Hyperliquid, placed a billion-dollar bet on Bitcoin and suffered a loss of $17.5 million. May 26, 2025 marks this dramatic turn in Wynn's trading activities and his recent decision to focus on the Pepe (PEPE) memecoin.

After closing a huge $1.2 billion long position on Bitcoin at a loss, Wynn opened a $1 billion short position with leverage of 40x. This bet paid off as the price of Bitcoin fell, earning him a profit of $3 million. In a clear shift in strategy, Wynn also opened a $1 million long position on PEPE with 10x leverage. This position has already brought him a profit of $500,000 as the value of PEPE has increased by almost 6% in the last few hours.

Risks and opportunities in crypto trading

The developments surrounding Wynn's trading activities highlight the risks and opportunities in crypto trading, particularly on decentralized platforms such as Hyperliquid. Memecoins like PEPE are known for their extreme volatility and lack of fundamental support that established cryptocurrencies like Bitcoin or Ethereum offer. According to analyst Sarah Thompson, traders are attracted to memecoins because of their potential for explosive profits, but they also carry significant risks. According to recent reports, 1 in 4 newly launched crypto tokens have not survived since 2021, highlighting the uncertainty in this sector.

Wynn, who has attracted attention in the past for his successful but risky trading strategies, plans to move away from perpetual trading and leave the casino mentality of trading behind. Despite this intention, its trading activity does not go unnoticed and could have a significant impact on market movements and interest in decentralized trading venues.

A look into the future

Whether Wynn's latest move toward PEPE marks the end of his career or the beginning of a new chapter remains to be seen. Its trading strategies could also potentially influence the dynamics in the markets and cause traditional exchanges to adapt to the growing demand for transparent trading platforms.

The developments surrounding James Wynn and his trading decisions are a strong example of the unpredictability and exciting possibilities in the area of ​​cryptocurrencies and decentralized trading solutions. In this dynamic landscape, investors' eyes remain glued to this influential trader's next moves.

You can find out more about James Wynn's trading history and his latest decisions at IT Boltwise and VTrader.