- Wynn’s new wallet opened high-leverage longs on Bitcoin and PEPE.
- The wallet shows over $2 million in unrealized profits so far.
- Wynn had lost $100 million in May but still holds 770 Bitcoin.
Just days after losing nearly $100 million in a single trade, crypto trader James Wynn is back in the spotlight and this time, a new high-leverage bet is already showing over $2 million in profit.
According to fresh on-chain data, a new wallet suspected to belong to Wynn was created just six days ago. In true James Wynn fashion, it didn’t take long for the high-leverage trades to start rolling in. The wallet reportedly opened a 40x long position on Bitcoin and a 10x long on meme favorite PEPE.
The new wallet address 0xbc47, linked to Wynn, currently holds unrealized profits exceeding $2 million. Recent transactions show he closed long positions on kPEPE perpetuals worth $1 million, and so far, it’s paying off. Whether this marks a redemption arc or another chapter in Wynn’s saga of extreme risk-taking remains to be seen.
Related: James Wynn Warns Against Altcoin Over-Leverage as BTC Dominance Targets New Highs
A Look Back: The $100 Million Wipeout
For the unversed, Wynn shot to crypto fame by turning a small investment in PEPE coin into a staggering $25 million during its meteoric rise in 2023. He later made headlines for pulling off billion-dollar leveraged positions on Bitcoin through Hyperliquid. But Wynn’s story has always had a darker edge.
His aggressive trades, involvement in controversial meme coin launches, and ties to rumored market manipulation made him one of crypto Twitter’s most polarizing figures. His massive $100 million wipeout on May 29, 2025, seemed like the end of his chaotic run, but clearly, it’s not.
Following Wynn’s massive $100 million liquidation earlier, Binance co-founder Changpeng Zhao (CZ) suggested building a new decentralized exchange (DEX) for perpetual swaps. CZ said this could help reduce market manipulation in crypto trading.
Wynn Says ‘Market Manipulation’
On June 4, Wynn faced another big loss. He was liquidated for 240 Bitcoin, worth around $25.16 million, after betting that Bitcoin’s price would go up using leverage. Despite the loss, he still holds 770 Bitcoin, worth about $80.5 million, with a liquidation price set at $104,035.
Related: From $3M to $100M Then Back to Zero: Trader James Wynn’s Wild Ride on HyperLiquid
After the liquidation, Wynn took to social media and blamed market manipulation for his losses. He also asked people to donate money to help him continue his efforts to expose what he claims are unfair market practices.
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