- Trader “James Wynn” opened a record-breaking $1.1B 40x long on Bitcoin via Hyperliquid, now up $36M.
- The position survived a $16M drawdown before flipping into profit as BTC broke past $110K.
- Wynn, a self-described memecoin maxi, has also traded XRP, Toncoin, Trump token, and Fartcoin.
Yeah… someone just went way beyond degen territory. A trader—believed to be the face behind the X account “James Wynn”—has pulled off what might be the wildest move in Hyperliquid’s history: a $1.1 billion long position on Bitcoin using 40x leverage. First position ever to hit that milestone on the platform. It’s got the crypto crowd equally hyped, horrified, and kinda confused.
According to data from Hypurrscan, Wynn’s now sitting on about $36 million in profit—but it wasn’t always looking so rosy. The trade had been down roughly $16.3M before Bitcoin ripped through $110K on May 21. His average entry? $108,065, and he’s staying safely above the liquidation line at $103,790… for now anyway.
Nerves of Steel or Just Straight-Up Madness?
Wynn reportedly used a $28.4 million margin spread across multiple trades to build up the $1.13B monster position. Crypto sleuths on X were quick to spot it. “He did it fellas,” wrote analyst Sigma². “First position [on Hyperliquid] to exceed $1B.”On May 20, as Bitcoin hovered around $106K, Wynn began peeling off some gains—HyperDash data shows a few exits from his long. But as BTC surged again, his massive position came roaring back. Oh, and fun fact—his wallet also held a bit of kPEPE, because why not?
Influencers chimed in fast. “That mfer has nerves of steel,” posted Follis. Others were more blunt: “absolute mad man.” One guy even asked if Wynn was “ok.” Honestly, fair question.
So, Who Is This Guy?
“James Wynn” calls himself a memecoin maxi and high-risk leverage trader—sounds about right. He claims to have been early on Pepe, calling it a buy when its market cap was just $600K. Take that with a grain of salt, but hey, it adds to the myth.
According to Hypurrscan, Wynn’s been using Hyperliquid for about two months, depositing $4.65 million in USDC. Since then? 32 trades, including plays on XRP, Toncoin, Fartcoin, and yep—even the Trump token. A portfolio straight outta Crypto Twitter’s fever dreams.
Hyperliquid, for those less familiar, is a decentralized exchange built on its own Layer 1 chain. Beyond perp trading, it’s got spot markets, lending features, and a growing army of degen traders apparently looking to set new records daily.
So, will this giga-long end in a legendary payday—or just another liquidation candle from hell? No one knows yet. But either way, “Wynn” just made Hyperliquid history. And yeah… the internet noticed.
