James Wynn, a well-known Hyperliquid trader, increased his 40x leveraged Bitcoin investment to $12.5 billion after closing his $PEPE position for a profit of $25.2 million. On May 24, Lookonchain reported that Wynn entered a 11,588 BTC position at an average price of $108,243 and liquidated at $105,180. Prior to this, Wynn exited Ethereum (ETH) and Sui (SUI) longs at a loss of $5.3 million and used these funds to increase his Bitcoin (BTC) position to 11,070 BTC. Wynn started to establish a Bitcoin long position with $830 million on May 21, making a profit of $400 million on the same day. On May 22, he increased his position to $1.1 billion when Bitcoin broke through $110,000, making a paper profit of $39 million. But then sold 540 BTC for a profit of $600,000. James Wynn's long Bitcoin bet. Source: James Wynn Wynn suffers losses after Trump's tariff threat Wynn suffered $29 million in losses as markets plunged after Trump announced a 50% tariff on all EU imports. The news on May 23 caused Bitcoin to fall below $107,000, hitting both traditional and crypto markets hard, with Ethereum falling to $2,504 and Meme coins hit even harder. HypurrScan data shows that Wynn lost more than $29 million that day, but the total transaction was still profitable by more than $57 million, and $46 million last month. Wynn's profit and loss. Source: HypurrScan High-risk crypto trader Wynn calls himself a high-risk leverage trader and Meme coin enthusiast. Two months ago, he started using the Hyperliquid platform and deposited $4.65 million worth of USDC stablecoins. Hyperliquid's DEX is the flagship product of its Layer 1 blockchain, which also provides spot trading and lending services. Wynn’s high leverage heightens volatility risk, and with Bitcoin’s price currently approaching $109,000, any decline could threaten its position.