James Wynn, the infamous high-leverage crypto dealer who misplaced a staggering $100 million earlier this 12 months after betting $1 billion on Bitcoin (BTC) longs, is again within the highlight. After weeks of silence following his steep buying and selling losses, on-chain knowledge now reveals Wynn has returned to buying and selling once more—this time inserting dangerous bets on PEPE and BTC.
Overleveraged Bitcoin Dealer Hits Again With 10x PEPE Wager
After vanishing from social media earlier in 2025 and experiencing one of the dramatic crypto buying and selling collapses, Wynn is making a comeback, and this time, he’s betting huge on a unstable meme coin, PEPE. The infamous Bitcoin dealer has reportedly resumed buying and selling the perpetual model of PEPE with recent leveraged publicity on the decentralized derivatives platform Hyperliquid.
In line with blockchain analytics platform Lookonchain, Wynn returned to the market via the identical crypto pockets deal with tied to his earlier trades. On-chain knowledge reveals that his newest place includes a 10x lengthy on kPEPE, funded virtually fully by his just lately claimed referral reward of 6,792.53 USDC—a placing distinction to the billion-dollar positions he beforehand commanded.
Up to date data from HyperDash reveals that the dealer opened an extended place of roughly $89,000 on kPEPE. The place is working at 10x leverage, which means the precise capital backing it’s round $8,800, whereas the publicity exceeds $89,000. Notably, Wynn had purchased over 6.8 million kPEPE, betting fully on the token’s upside. At this leverage degree, only a 10% drop in PEPE’s value may fully wipe out the margin used to again this commerce, making this a particularly high-risk transfer.
Apparently, Wynn’s comeback follows his public fallout in Might 2025, when his large $1 billion leveraged BTC longs had been liquidated throughout a value dip under $105,000, leading to a staggering $100 million (949 BTC) loss. This incident caught the eye of the crypto neighborhood, sparking controversy and widespread discussions. Now the Bitcoin dealer is going through renewed scrutiny from numerous crypto neighborhood members, with some labeling him a degen dealer and others questioning his threat administration expertise.
Wynn Makes Daring 40X Wager On Bitcoin
Regardless of accruing large losses that pressured him offline, Wynn is making one other extraordinarily high-risk Bitcoin commerce, involving a $468,000 place and 40X leverage. In an earlier put up, Lookonchain reported that the dealer had deposited 468,000 USDC into Hyperliquid and opened a brand new leveraged lengthy on Bitcoin, with a liquidation value of $115,570.
Up to date knowledge from HyperDash revealed that Wynn has opened a $23.9 million lengthy place on Bitcoin with 40x leverage on Hyperliquid. The place measurement consists of over 202 BTC, and the dealer is absolutely dedicated to the cryptocurrency’s potential upside motion.
At 40x leverage, solely 2.5% value motion towards the commerce could be sufficient to set off an entire BTC liquidation, wiping out your entire margin backing Wynn’s place. This considerably high-risk technique leaves no room for error, particularly in a market as unstable as Bitcoin.
Featured picture from Pixabay, chart from Tradingview.com
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