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This Bitcoin Trader Went From A $1 Billion Long Position To Begging For Donations
A popular saying goes, “Quit while you’re ahead.” For "James Wynn," however, this likely means nothing. The pseudonymous cryptocurrency trader who rose to prominence for catching Pepe early in 2023 grabbed headlines in May for a $1 billion long bet on Bitcoin on the decentralized exchange Hyperliquid, using 40x leverage. What could go wrong? Well... everything. But it was not apparent at first. At first, it seemed like the market could not go against Wynn. Bitcoin surged to record highs above $110,000 and Wynn’s unrealized profit swelled to $100 million. “People see the trades and think it’s some ... (full story)
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