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Is James Wynn coming back?
James Wynn is said to have recently created a new wallet six days ago, using it to place a long order on Bitcoin with 40x leverage and PEPE with 10x leverage, resulting in an unrealized profit of over 2 million dollars, in line with his history of high-risk leveraged trading, having previously turned a $7,000 investment in PEPE into $25 million.
This trading activity on Hyperliquid, a blockchain designed for high-performance finance, aligns with Wynn's reckless betting model, including a previous 40x Long Bitcoin order, indicating a strategic shift to avoid market manipulation by using sub-accounts, as he mentioned on June 10, 2025.
Market data from Cointelegraph on June 10, 2025, shows Bitcoin at $110,150 with a 4% increase for the day, supporting Wynn's profitable long positions, although his 45% win rate after 38 trades highlights the volatility and high risk nature of such strategies, with no peer-reviewed studies assessing the long-term success rate in cryptocurrency leveraged trading.