James Wynn, the high-leverage crypto dealer who has amassed losses within the a whole bunch of tens of millions on Hyperliquid, is actively buying and selling once more after apparently deleting his X account final Sunday. In accordance with blockchain analytics platform Lookonchain, Wynn positioned a leveraged wager on the memecoin PEPE, utilizing capital derived from a referral bonus.
The dealer reportedly claimed 6,792.53 USDC in bonuses earlier than opening a brand new 10x leveraged lengthy place on PEPE by way of the decentralized derivatives change Hyperliquid.
James Wynn is again once more!
After claiming a referral reward of 6,792.53 $USDC, he went lengthy on $PEPE with 10x leverage.https://t.co/FX6sISVWOh pic.twitter.com/seMcAfAhWg
— Lookonchain (@lookonchain) July 15, 2025
Lookonchain shared two pictures exhibiting Wynn’s exercise beneath the pockets deal with 0x5078C2fBeA2b2aD61bc840Bc02335Fce56BeDb6. The leverage dealer had allotted practically his complete portfolio, valued at $11,840.99, to perpetual futures, with simply $3.46 in spot property and nothing staked.
Wynn bets on the PEPE market run
James Wynn made a concentrated wager on KPEPE-USD by 5 lengthy entries ranging from 18,153 to over 6 million models, opened inside a 95-minute window. Entry costs had been between $0.011999 and $0.012015, and commerce values had been from $217 to greater than $72,000.
One other screenshot from Lookonchain, timestamped later the identical day, up to date Wynn’s whole portfolio worth to $12,011.35, along with his PEPE-related perpetual contract clocking $12,007.89.
His lengthy place on KPEPE-USD had grown to 851,765 tokens, at $0.01201. With the token buying and selling at $0.00001221 on the time of seize, Wynn’s portfolio had counted an unrealized achieve of $1,708.16. But, the leveraged dealer faces a funding charge threat of -7.22% and a liquidation value of $0.00001137.
In accordance with Coingecko updates, PEPE is buying and selling at $0.00001213, 3.7% lower than its worth 24 hours in the past. The token’s intraday lows got here near Wynn’s liquidation stage, at $0.00001175.
Report losses didn’t maintain Wynn out of markets for lengthy
James Wynn was probably the most talked about X account in Might 2025 when his buying and selling decisions led to one of many heaviest collapses within the Hyperliquid buying and selling group. He noticed $100 million in long-Bitcoin positions worn out when BTC’s value dropped beneath $105,000, equal to 949 BTC.
Shortly earlier than the liquidation, Wynn had posted on X that he didn’t apply threat administration and didn’t think about himself an expert. In a now-deleted message, he asserted:
“I’m successfully playing, and I stand to lose the whole lot. I strongly advise folks towards what I’m doing.”
Wynn doubled down on his lengthy bets days later with one other $100 million wager on Bitcoin, whereas accusing market makers of concentrating on his trades to drive liquidations. The dealer turned to the crypto group for donations to maintain his positions alive, and at the least 24 addresses responded with funds.
Not lengthy after receiving group assist, Wynn introduced he had liquidated 240 BTC, value roughly $25 million on the time, to enhance the viability of his remaining positions.
Crypto market now within the crimson, pullback precedes CPI information launch
Wynn’s return comes after Bitcoin hit a brand new all-time excessive of $122,000, then tanked by 4.3% within the final day, pulling its value all the way down to round $117,060. Despite the fact that the biggest coin by market cap has retained an 8% weekly achieve, the retracement has precipitated most property within the prime 10 to commerce within the crimson.
Whole crypto market capitalization dropped by 3.33% to $3.68 trillion, whereas buying and selling quantity spiked 31% to $257 billion. Prior to now 24 hours alone, roughly $501 million value of positions had been liquidated. Longs accounted for $389 million of that whole, after bullish speculators had been caught off guard by the sudden correction.
Bitcoin led the liquidation tally with $181 million in positions erased, $142 million from longs and $39 million from shorts.
Your crypto information deserves consideration – KEY Distinction Wire places you on 250+ prime websites
