Renowned crypto trader James Wynn, known for his high-stakes bets, has publicly committed to recovering his recent massive losses with a bold new position. After losing an astonishing $37 million in Bitcoin trades over the past three days, Wynn has opened a 10x leveraged long on the meme coin PEPE and is actively promoting Moonpig, another meme token, on social media platform X (formerly Twitter).
The Rise and Fall: From Bitcoin Losses to Meme Coin Bets
James Wynn, also known as the Hyperliquid whale, earned widespread attention after turning $4 million into $87 million by betting on meme coins like PEPE, TRUMP, and FARTCOIN. However, recent data from On-Chain College reveals that Wynn’s Bitcoin wagers resulted in a devastating $37 million loss, including fees. Despite this setback, Wynn remains undeterred. He has re-entered the market with a leveraged 10x long position on PEPE coin, betting on its price rally after a recent correction.
I’ll make it all back in one trade
— James Wynn 🐳 (@JamesWynnReal) May 30, 2025
$moonpig 🌕🐷 pic.twitter.com/l9qUi1HaCB
PEPE has experienced notable volatility — dropping 17% in the last week but still maintaining an impressive 43% gain over the past month. The token’s popularity surged following a post from former US President Donald Trump on Truth Social, which reignited interest among traders.
Betting Big on PEPE and Moonpig
Wynn’s confidence is evident not only in his renewed PEPE bet but also in his public support for Moonpig, a rising meme coin that recently surged by 8% after Wynn tweeted about it. Moonpig has been on an extraordinary run, rallying 737% over the past month. Wynn’s message on X emphasized his commitment: “my time is going to be spent in the trenches and helping to build a community around $moonpig.”
Despite the Bitcoin losses, Wynn remains positive and reflective. He described his experience as a thrilling ride: “Flipping $4m to $100m and back down to -$13m is one hell of a thrill.” He acknowledged the risks few traders dare to take and teased a potential comeback with hopes of turning $1 billion in profit.
The perps casino was fun. Zero regrets. Flipping $4m to $100m and back down to -$13m is one hell of a thrill. Hope many of you enjoyed it as much as I did.
— James Wynn 🐳 (@JamesWynnReal) May 30, 2025
Most wouldn’t dare or dream to place these kind of trades. Well, they can’t, they don’t have the money to do so, nor the…
Criticism of Market Corruption and Future Outlook
After closing his Bitcoin positions at a significant loss, Wynn criticized the current financial markets, calling them corrupt and opaque. He suggested that for most investors, a safer approach might be simply to “buy and hold $BTC on spot and cold storage it.” Wynn’s candid remarks highlight ongoing concerns in crypto trading about market fairness and manipulation.
As Wynn doubles down on meme coins with leveraged bets and community-building efforts, the crypto world will be watching closely to see if he can indeed “make it all back in one trade.” His story underscores the high risks and high rewards in today’s volatile cryptocurrency landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
Also Read: Trump Fuels PEPE Surge, Volume Hits $1.6B
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