The post How James Wynn Became Crypto’s Boldest Whale on Hyperliquid appeared on BitcoinEthereumNews.com.

James Wynn grew from meme coin gambler to high-risk crypto derivatives trader. His anonymous presence and massive positions often influence crypto market behavior. James Wynn doesn’t exactly pop up on derivatives traders’ radar screens. He’s not a big corporate figure, nor is he a public figure who regularly appears in financial media. But when his wallet name, known by the initials “0x507,” appeared with a massive leveraged position in Hyperliquid, the market knew Wynn was no ordinary player. The man who claims to have grown up in a small, rough English town, got his start in crypto like many others: dabbling in meme coins. But Wynn was different. While most people panicked and got out of the market, he doubled down. In 2022, when most traders were still chasing the hype of major coins, Wynn took a big gamble on PEPE when its capitalization was only around $600,000. A few weeks later, it had skyrocketed, and he made a profit of between $10 million and $25 million. Not bad for someone who said he used to expect “to make 2x for next week’s food.” James Wynn: High Stakes on the Edge of Chaos After that, derivatives became his new home. Hyperliquid, one of the currently popular derivatives exchanges, took center stage. There, Wynn is known as a heavyweight fighter. In mid-May 2025, he surprised many by opening a long position worth $830 million in Bitcoin, using leverage up to 40 times. Yes, that means that if the price of Bitcoin drops by 2-3%, his entire position can be wiped out. But Wynn seems comfortable dancing on the edge of the abyss. Interestingly, this is not a one-time bet. A few days later, his position increased to $1.25 billion, or the equivalent of 11,588 BTC. At one point, he had pocketed…

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Filed under: News - @ May 25, 2025 2:13 pm