After $100 million in losses: BTC trader opens new positions | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure James Wynn, a well-known crypto trader with high leverage, who earlier this year lost $100 million after a $1 billion bet on long positions in Bitcoin (BTC), is back in the spotlight. After several weeks of silence following major trading losses, Wynn has returned to trading, as indicated by blockchain data. This time he is making risky bets on PEPE and BTC.

BTC trader responds with a 10x bet on PEPE

After disappearing from social media in early 2025 and one of the most dramatic disasters in crypto trading, Wynn is back and is now making a big bet on the highly volatile meme coin PEPE. Reports say that the trader has started trading PEPE again using leverage on the decentralized derivatives platform Hyperliquid.

According to the analytics platform Lookonchain, Wynn has returned to the market with the same cryptocurrency wallet he used for previous transactions. Blockchain data shows that his latest position, a 10x long on kPEPE, is almost entirely funded by a recently received referral reward of 6,792.53 USDC, which is significantly more modest than the billion-dollar positions he managed before.

The updated information from HyperDash reports that a trader opened a long position of about $89,000 on kPEPE. With 10x leverage, the actual capital is around $8,800, while the exposure exceeds $89,000. Notably, Wynn acquired more than $6.8 kPEPE, fully betting on the coin's growth. With such leverage, a 10% drop in the value of PEPE could completely wipe out the collateral, making this bet extremely risky.

Interestingly, Wynn's return comes after his public collapse in May 2025, when his billion-dollar leveraged long positions in BTC were liquidated as the price fell below $105,000, resulting in a loss of $100 (949 BTC). This incident sparked widespread discussion in the crypto community, provoking criticism and controversy. Now, Wynn finds himself under scrutiny again, with some labeling him a "degenerative" trader, while others questioned his risk management.

Despite the colossal losses that temporarily forced him out of the market, Wynn is once again making a high-risk bet on Bitcoin. This time he invested $468,000 with a 40x leverage, opening a long position with a liquidation price of $115,570. According to Lookonchain, the trader transferred funds to the Hyperliquid platform, demonstrating his readiness for new achievements.

Fresh data from HyperDash shows that Wynn has increased his position to $23.9 million (202 BTC), maintaining a maximum leverage of 40x. This indicates his full confidence in the further growth of Bitcoin. However, such a strategy is extremely risky: even a minor correction of 2.5% will lead to the immediate liquidation of the entire position.

The BTC market is known for its volatility, and trading with such leverage leaves no room for maneuver. Wynn will either hit a big win or repeat the sad experience of losing millions again. Experts warn that such bets resemble a game of roulette more than measured investments.

BTC is trading at $119,158 on the 1D chart | Source: BTCUSDT on Tradingview.com

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