In a dramatic twist befitting the person referred to as the “10U God of Warfare,” crypto dealer James Wynn has exited his headline-grabbing $1.25 billion Bitcoin lengthy with a cool $25 million revenue.
The crypto whale had wagered his capital on BTC hitting $121,000 this week, leveraging 40x on Hyperliquid.
From $87M Highs to a $25M Exit
At one level, the commerce confirmed as a lot as $87 million in unrealized revenue. Nonetheless, volatility and macro headwinds, together with new tariff threats in opposition to the European Union (EU) by U.S. President Donald Trump, undermined bullish momentum. Bitcoin ended up faltering beneath Wynn’s goal, hovering round $108,000, and forcing the crypto punter to recalibrate. A number of hours earlier than this writing, the dealer known as it quits:
“Now determined to go away the on line casino with my $25,000,000 revenue,” he posted on X. “It’s been enjoyable, however now it’s time for me to stroll away a wynner.”
In response to market tracker Lookonchain, which has been maintaining a tally of the whale’s strikes, he closed all 11,588 BTC lengthy contracts price $1.25 billion, and walked away with a internet $25.2 million revenue after withdrawing 28 million USDC from Hyperliquid.
Curiously, after predicting a surge to $121,000 for Bitcoin as reported by CryptoPotato, Wynn abruptly flipped bearish, opening a $1 billion BTC brief with 40x leverage, risking practically $50 million on a draw back transfer.
Investor Daan Crypto Trades had labeled the preliminary lengthy “madness,” noting the outsized threat: “Each 1% BTC candle equals a $10M PNL swing.” Others, like pseudonymous dealer Innerdevcrypto, suspected ulterior motives behind Wynn’s high-visibility performs, hinting at a possible “clout-farming” agenda.
Nonetheless, Lookonchain has since reported that Wynn closed his brief positions, losing virtually $16 million within the course of. That doesn’t appear to have fazed him, with the on-chain analytics platform additional revealing that the self-styled “GOAT” had opened a $9.9 million lengthy on kPEPE with 10x leverage. On the time of writing, he had already stacked greater than $130,000 in unrealized revenue.
From PEPE Prophet to Leverage King
It was with PEPE that Wynn made his mark within the crypto neighborhood, predicting in 2023 that the meme coin, then boasting a modest market cap of simply $4.2 million, would skyrocket 1,000 occasions to $4.2 billion. Consequently, he reportedly flipped a $7,600 wager on the token into greater than $50 million by late 2024 earlier than pivoting into BTC.
His aggressive trades on Hyperliquid, totaling 38 in over 75 days, with a forty five% win charge, have earned him greater than $40 million in earnings, in accordance with Lookonchain.
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