James Wynn, the infamous high-leverage crypto dealer who lost a staggering $100 million earlier this yr 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 information now exhibits Wynn has returned to buying and selling once more—this time putting 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 trading 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 trading the perpetual version of PEPE with recent leveraged publicity on the decentralized derivatives platform Hyperliquid.
In response to blockchain analytics platform Lookonchain, Wynn returned to the market by means of the identical crypto pockets handle tied to his earlier trades. On-chain information reveals that his newest place entails a 10x lengthy on kPEPE, funded virtually totally by his not too long ago claimed referral reward of 6,792.53 USDC—a putting 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 operating at 10x leverage, that 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 entirely on the token’s upside. At this leverage degree, only a 10% drop in PEPE’s value might totally wipe out the margin used to again this commerce, making this an especially high-risk transfer.
Curiously, Wynn’s comeback follows his public fallout in Might 2025, when his massive $1 billion leveraged BTC longs have 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 group, sparking controversy and widespread discussions. Now the Bitcoin dealer is going through renewed scrutiny from numerous crypto group members, with some labeling him a degen dealer and others questioning his risk management skills.
Wynn Makes Daring 40X Wager On Bitcoin
Regardless of accruing large losses that compelled him offline, Wynn is making one other extraordinarily high-risk Bitcoin commerce, involving a $468,000 place and 40X leverage. In an earlier post, 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 information from HyperDash revealed that Wynn has opened a $23.9 million lengthy place on Bitcoin with 40x leverage on Hyperliquid. The place measurement contains over 202 BTC, and the dealer is totally dedicated to the cryptocurrency’s potential upside movement.
At 40x leverage, solely 2.5% value motion towards the commerce can be sufficient to set off a whole BTC liquidation, wiping out the whole 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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