According to on-chain data, James Wynn, the whale that has attracted much attention in the field of cryptocurrency trading, has made new moves recently. He deposited 200,000 USDC into his account on Hyperliquid with the aim of increasing the margin. This operation was highly effective, reducing its margin call price to $104,360.
James Wynn can be regarded as quite legendary in the cryptocurrency circle. He was born in a small town in the UK that was rife with crime, drugs and poverty. His early life was difficult and he even worried about making a living every week. It was not until 2022 when I came into contact with cryptocurrencies that my fate took a turn. He discovered the PEPE coin on iToken and resolutely bought it heavily. Eventually, he reaped a huge fortune of tens of millions of US dollars and successfully joined the ranks of the “10U War Gods”.
In 2023, he became active on Twitter, fully promoting the PEPE coin. During this period, he accurately predicted that the market value of PEPE would rise to 4.2 billion US dollars, while at that time its market value was only 4.2 million US dollars. By October 2024, the market value of PEPE had exceeded 10 billion US dollars, and he made a fortune as a result.
However, later when he called for a single ELON token, due to his initial investment followed by a complete liquidation, the token’s price plummeted by 70%, causing severe damage to his reputation.
Since then, James Wynn has gradually transformed and begun to focus on areas such as Bitcoin trend analysis. In March 2025, he devoted himself to the Hyperliquid platform. With an initial capital of approximately 6 million US dollars and through high-leverage operations, he increased the profit to about 48 million US dollars within just two months. His trading targets mainly focus on Bitcoin and a few meme coins such as PEPE, TRUMP and FARTCOIN. For instance, on April 6th, he went long on Bitcoin with an average price of $94,292 and a leverage of 40 times. When the price of Bitcoin rose from $94,000 to $100,000, his floating profit reached $5 million.
However, with the current volatile market conditions, his operations are also facing challenges. At present, its 40 times Bitcoin long position is in a floating loss state, with a floating loss amount of approximately 1.16 million US dollars. Previously, his margin usage rate once soared above 100%. If the price of Bitcoin dropped slightly, his position might be forcibly liquidated. This deposit of 200,000 USDC to increase margin and lower the margin call price might be his strategy to deal with the current unfavorable situation. How the subsequent trading operations of James Wynn on the Hyperliquid platform will develop and whether he can reverse the floating loss situation of long positions in Bitcoin and achieve excellent results again in the cryptocurrency market deserve close attention from the market.
Related Topics:
- Slow Mist Cosine: The longer the mnemonic phrases/private keys are used online and shared by more people, the more likely they are to be leaked and difficult to detect
- Meta shareholders have voted against the proposal to include Bitcoin in their reserves
- SharpLink Gaming plans to raise 1 billion US dollars to increase its holdings of ETH
